MidWestOne Financial Group Inc. Has $1.76 Million Holdings in The Boeing Company (NYSE:BA)

MidWestOne Financial Group Inc. decreased its stake in shares of The Boeing Company (NYSE:BA) by 3.3% in the 4th quarter, Holdings Channel reports. The fund owned 9,960 shares of the aircraft producer’s stock after selling 338 shares during the quarter. MidWestOne Financial Group Inc.’s holdings in Boeing were worth $1,763,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC grew its stake in Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $568,000. Alyeska Investment Group L.P. bought a new position in shares of Boeing during the fourth quarter worth approximately $526,889,000. Finally, Zimmer Partners LP acquired a new stake in Boeing during the 4th quarter worth approximately $393,736,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup upped their price objective on Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. TD Securities restated a “buy” rating and set a $180.00 price objective on shares of Boeing in a research note on Thursday, April 24th. Finally, StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.35.

Boeing Stock Up 1.1%

Shares of NYSE:BA opened at $207.48 on Wednesday. The stock’s 50 day moving average is $173.70 and its 200-day moving average is $169.40. The firm has a market capitalization of $156.44 billion, a price-to-earnings ratio of -11.33 and a beta of 1.41. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $209.66.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. Boeing’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted ($1.13) EPS. Equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,903 shares of company stock worth $2,082,169 over the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

About Boeing

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.