German American Bancorp Inc. Sells 2,877 Shares of The Boeing Company (NYSE:BA)

German American Bancorp Inc. decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 12.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the aircraft producer's stock after selling 2,877 shares during the period. German American Bancorp Inc.'s holdings in Boeing were worth $3,717,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC grew its holdings in Boeing by 49.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 21,454 shares of the aircraft producer's stock worth $3,262,000 after acquiring an additional 7,052 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Boeing by 7.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 208,515 shares of the aircraft producer's stock valued at $31,703,000 after buying an additional 14,430 shares in the last quarter. Continuum Advisory LLC lifted its stake in shares of Boeing by 22.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,528 shares of the aircraft producer's stock worth $232,000 after acquiring an additional 281 shares during the period. Nabity Jensen Investment Management Inc bought a new position in Boeing during the 3rd quarter valued at $392,000. Finally, Executive Wealth Management LLC bought a new stake in Boeing in the third quarter worth about $264,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.09% of the company's stock.

Boeing Price Performance

Shares of BA traded up $1.43 on Friday, hitting $156.95. The company's stock had a trading volume of 8,802,630 shares, compared to its average volume of 9,020,386. The company has a market capitalization of $117.73 billion, a PE ratio of -8.57 and a beta of 1.24. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The company has a 50 day moving average price of $168.68 and a 200 day moving average price of $163.94.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) earnings per share. On average, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

BA has been the subject of several research analyst reports. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. UBS Group lifted their price objective on Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded Boeing to a "sell" rating in a report on Saturday, April 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and a consensus price target of $196.10.

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.