Kentucky Trust Co Takes Position in The Boeing Company (NYSE:BA)

Kentucky Trust Co purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,809 shares of the aircraft producer's stock, valued at approximately $497,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of BA. Exchange Traded Concepts LLC increased its position in shares of Boeing by 691.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer's stock valued at $262,000 after buying an additional 1,507 shares during the period. ORG Wealth Partners LLC purchased a new stake in Boeing in the third quarter valued at approximately $141,000. NBC Securities Inc. raised its stake in Boeing by 11.7% in the third quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer's stock valued at $856,000 after purchasing an additional 592 shares in the last quarter. Edge Wealth Management LLC raised its stake in Boeing by 11.5% in the third quarter. Edge Wealth Management LLC now owns 2,897 shares of the aircraft producer's stock valued at $440,000 after purchasing an additional 298 shares in the last quarter. Finally, Ullmann Wealth Partners Group LLC raised its stake in Boeing by 28.6% in the third quarter. Ullmann Wealth Partners Group LLC now owns 1,614 shares of the aircraft producer's stock valued at $245,000 after purchasing an additional 359 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BA shares. JPMorgan Chase & Co. raised their target price on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research note on Wednesday, January 29th. Sanford C. Bernstein cut shares of Boeing from an "outperform" rating to a "market perform" rating and reduced their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Benchmark reiterated a "buy" rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research report on Wednesday, January 29th. Finally, DZ Bank cut shares of Boeing from a "buy" rating to a "hold" rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock 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 stock has a market cap of $135.39 billion, a P/E ratio of -9.85 and a beta of 1.52. The firm's fifty day simple moving average is $172.70 and its 200 day simple moving average is $163.99. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $209.80.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) EPS. On average, analysts expect that The Boeing Company will post -2.3 EPS for the current fiscal 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.

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