Stock Yards Bank & Trust Co. Decreases Stake in The Boeing Company (NYSE:BA)

Stock Yards Bank & Trust Co. reduced its position in The Boeing Company (NYSE:BA) by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,509 shares of the aircraft producer’s stock after selling 3,100 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Boeing were worth $2,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CNB Bank boosted its position in Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares during the last quarter. Park Place Capital Corp boosted its position in Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after buying an additional 137 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new position in Boeing in the 3rd quarter valued at about $43,000. Naples Money Management LLC purchased a new position in Boeing in the 4th quarter valued at about $44,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in Boeing by 66.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after buying an additional 94 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BA has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Wells Fargo & Company reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Sanford C. Bernstein reduced their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research report on Wednesday, April 17th. Finally, Stifel Nicolaus reduced their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $226.71.

Boeing Trading Up 0.4 %

BA opened at $170.53 on Tuesday. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54. The company’s 50-day moving average price is $189.51 and its 200 day moving average price is $207.32.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the business posted ($1.75) EPS. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts expect that The Boeing Company will post 0.32 EPS for the current fiscal year.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.