German American Bancorp Inc. Buys 1,565 Shares of The Boeing Company (NYSE:BA)

German American Bancorp Inc. lifted its stake in The Boeing Company (NYSE:BA) by 7.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,877 shares of the aircraft producer’s stock after purchasing an additional 1,565 shares during the quarter. German American Bancorp Inc.’s holdings in Boeing were worth $3,630,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Pitcairn Co. boosted its position in shares of Boeing by 25.1% during the first quarter. Pitcairn Co. now owns 2,645 shares of the aircraft producer’s stock valued at $510,000 after buying an additional 530 shares during the period. MQS Management LLC bought a new position in Boeing in the 1st quarter valued at $237,000. EntryPoint Capital LLC increased its stake in Boeing by 186.1% in the first quarter. EntryPoint Capital LLC now owns 638 shares of the aircraft producer’s stock worth $123,000 after purchasing an additional 415 shares during the period. CreativeOne Wealth LLC increased its stake in Boeing by 21.8% in the first quarter. CreativeOne Wealth LLC now owns 5,350 shares of the aircraft producer’s stock worth $1,033,000 after purchasing an additional 958 shares during the period. Finally, Freestone Capital Holdings LLC lifted its position in shares of Boeing by 2.4% during the first quarter. Freestone Capital Holdings LLC now owns 9,213 shares of the aircraft producer’s stock worth $1,778,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on BA. Citigroup cut their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. The Goldman Sachs Group dropped their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Jefferies Financial Group dropped their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Finally, TD Cowen decreased their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $190.37.

Boeing Price Performance

NYSE:BA opened at $146.11 on Thursday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $267.54. The firm has a 50 day moving average of $152.22 and a 200 day moving average of $168.79.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the company posted ($3.26) EPS. The company’s revenue was down 1.5% on a year-over-year basis. Equities research analysts anticipate that The Boeing Company will post -16.2 EPS for the current year.

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.