The Boeing Company (NYSE:BA) Shares Purchased by German American Bancorp Inc.

German American Bancorp Inc. boosted its position in shares of The Boeing Company (NYSE:BA) by 7.0% in the third quarter, HoldingsChannel.com reports. The fund owned 23,877 shares of the aircraft producer’s stock after acquiring an additional 1,565 shares during the quarter. German American Bancorp Inc.’s holdings in Boeing were worth $3,630,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the period. ING Groep NV purchased a new position in Boeing during the 3rd quarter worth approximately $11,679,000. Lazari Capital Management Inc. boosted its holdings in shares of Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after acquiring an additional 8,309 shares during the last quarter. Atlanta Consulting Group Advisors LLC boosted its holdings in shares of Boeing by 537.6% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 7,524 shares of the aircraft producer’s stock valued at $1,144,000 after acquiring an additional 6,344 shares during the last quarter. Finally, Patten & Patten Inc. TN increased its stake in shares of Boeing by 19.8% in the third quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock worth $3,741,000 after acquiring an additional 4,065 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.4 %

NYSE:BA opened at $146.11 on Thursday. The stock has a 50 day moving average of $152.22 and a two-hundred day moving average of $168.79. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $267.54.

Boeing (NYSE:BA) last posted 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 company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($3.26) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -16.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Susquehanna lowered their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. TD Cowen lowered their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Robert W. Baird reduced their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Jefferies Financial Group lowered their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Finally, Morgan Stanley cut their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $190.37.

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.