Indiana Trust & Investment Management CO Sells 100 Shares of Boeing Co (NYSE:BA)

Indiana Trust & Investment Management CO cut its position in Boeing Co (NYSE:BA) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,365 shares of the aircraft producer’s stock after selling 100 shares during the quarter. Boeing makes up 1.1% of Indiana Trust & Investment Management CO’s investment portfolio, making the stock its 23rd biggest holding. Indiana Trust & Investment Management CO’s holdings in Boeing were worth $2,046,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BA. Steward Partners Investment Advisory LLC lifted its position in Boeing by 15.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 37,229 shares of the aircraft producer’s stock worth $12,006,000 after buying an additional 5,035 shares in the last quarter. Vigilant Capital Management LLC lifted its stake in Boeing by 50.0% in the 4th quarter. Vigilant Capital Management LLC now owns 2,306 shares of the aircraft producer’s stock valued at $744,000 after purchasing an additional 769 shares during the last quarter. Windsor Group LTD increased its position in Boeing by 6.3% in the 4th quarter. Windsor Group LTD now owns 2,192 shares of the aircraft producer’s stock valued at $707,000 after acquiring an additional 130 shares during the period. TrimTabs Asset Management LLC acquired a new position in Boeing in the 4th quarter valued at approximately $1,355,000. Finally, Carmichael Hill & Associates Inc. increased its position in shares of Boeing by 7.2% during the fourth quarter. Carmichael Hill & Associates Inc. now owns 5,201 shares of the aircraft producer’s stock worth $1,677,000 after buying an additional 350 shares during the period. 67.99% of the stock is owned by hedge funds and other institutional investors.

NYSE:BA traded down $0.01 during midday trading on Friday, reaching $364.01. 4,707,220 shares of the stock traded hands, compared to its average volume of 3,965,539. The business has a fifty day moving average of $354.84. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 48.98. The firm has a market capitalization of $204.81 billion, a PE ratio of 22.74, a P/E/G ratio of 2.27 and a beta of 1.31.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.05. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The company had revenue of $22.92 billion during the quarter, compared to analyst estimates of $23.04 billion. During the same period in the prior year, the business posted $3.64 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. As a group, analysts forecast that Boeing Co will post 14.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be given a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Thursday, August 8th. Boeing’s payout ratio is currently 51.34%.

A number of research firms have weighed in on BA. Cowen reaffirmed a “buy” rating and issued a $460.00 price objective on shares of Boeing in a research note on Wednesday, May 29th. DZ Bank reissued a “sell” rating on shares of Boeing in a research report on Monday, March 11th. Zacks Investment Research raised shares of Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price target on the stock in a research report on Monday, June 10th. Bank of America set a $420.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Thursday. Finally, UBS Group set a $525.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $407.40.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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