Iowa State Bank Sells 323 Shares of The Boeing Company (NYSE:BA)

Iowa State Bank decreased its holdings in shares of The Boeing Company (NYSE:BA) by 19.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,370 shares of the aircraft producer’s stock after selling 323 shares during the period. Iowa State Bank’s holdings in Boeing were worth $242,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Lantz Financial LLC raised its holdings in Boeing by 109.7% in the second quarter. Lantz Financial LLC now owns 2,695 shares of the aircraft producer’s stock worth $491,000 after buying an additional 1,410 shares during the last quarter. New York Life Investment Management LLC increased its position in shares of Boeing by 1.2% during the second quarter. New York Life Investment Management LLC now owns 79,759 shares of the aircraft producer’s stock valued at $14,517,000 after acquiring an additional 930 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in Boeing in the 2nd quarter worth approximately $206,000. Strategic Financial Concepts LLC bought a new position in Boeing in the 2nd quarter valued at approximately $41,000. Finally, Chris Bulman Inc purchased a new stake in Boeing during the 2nd quarter valued at $137,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of BA traded up $1.85 during mid-day trading on Monday, reaching $171.75. The stock had a trading volume of 5,961,129 shares, compared to its average volume of 9,551,966. The business has a fifty day moving average of $159.43 and a 200 day moving average of $165.34. The firm has a market cap of $106.18 billion, a price-to-earnings ratio of -13.31 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $233.85.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the firm earned ($3.26) EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -16.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Morgan Stanley lowered their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group dropped their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

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.