OLD Second National Bank of Aurora Sells 145 Shares of The Boeing Company (NYSE:BA)

OLD Second National Bank of Aurora lowered its stake in The Boeing Company (NYSE:BA) by 7.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,851 shares of the aircraft producer’s stock after selling 145 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Boeing were worth $281,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in BA. Madison Park Capital Advisors LLC grew its holdings in shares of Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after acquiring an additional 56 shares during the period. Wealth Alliance Advisory Group LLC grew its stake in shares of Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after purchasing an additional 60 shares during the period. Angeles Wealth Management LLC increased its position in shares of Boeing by 4.2% during the 1st quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock valued at $294,000 after purchasing an additional 61 shares during the last quarter. IMS Capital Management lifted its stake in shares of Boeing by 0.4% in the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after purchasing an additional 62 shares during the period. Finally, ADE LLC boosted its holdings in shares of Boeing by 4.4% in the second quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock worth $280,000 after buying an additional 65 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $145.59 on Wednesday. The Boeing Company has a 1-year low of $143.85 and a 1-year high of $267.54. The business has a 50 day simple moving average of $154.49 and a two-hundred day simple moving average of $170.11. The stock has a market capitalization of $90.00 billion, a PE ratio of -11.25 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company earned ($3.26) EPS. The business’s revenue was down 1.5% compared to the same quarter last year. On average, analysts anticipate that The Boeing Company will post -16.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on BA shares. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. UBS Group reduced their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Robert W. Baird lowered their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. The Goldman Sachs Group reduced their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Boeing presently has an average rating of “Hold” and a consensus price target of $190.37.

Boeing Company 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.