Kentucky Trust Co Acquires Shares of 2,809 The Boeing Company (NYSE:BA)

Kentucky Trust Co acquired a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel.com reports. The fund acquired 2,809 shares of the aircraft producer’s stock, valued at approximately $497,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing in the 4th quarter worth about $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing in the 3rd quarter worth about $30,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BA. Robert W. Baird lowered 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. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Tuesday, October 15th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Finally, Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Down 0.0 %

NYSE BA opened at $180.51 on Wednesday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $209.80. The firm has a market capitalization of $135.39 billion, a P/E ratio of -9.85 and a beta of 1.52. The company has a 50-day moving average price of $172.70 and a 200-day moving average price of $163.99.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the firm earned ($0.47) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.3 EPS for the current year.

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.