The Boeing Company (NYSE:BA) Shares Purchased by Godsey & Gibb Inc.

Godsey & Gibb Inc. lifted its position in The Boeing Company (NYSE:BA) by 107.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 351 shares of the aircraft producer’s stock after acquiring an additional 182 shares during the quarter. Godsey & Gibb Inc.’s holdings in Boeing were worth $62,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter worth $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing in the 3rd quarter worth about $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at about $33,000. Planning Capital Management Corp grew its position in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Boeing during the third quarter worth about $58,000. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on BA. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. UBS Group reduced their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Robert W. Baird dropped their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Performance

BA opened at $166.25 on Thursday. The company has a market capitalization of $102.78 billion, a PE ratio of -12.89 and a beta of 1.52. The stock’s fifty day moving average is $162.02 and its 200-day moving average is $164.97. The Boeing Company has a one year low of $137.03 and a one year high of $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($3.26) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -16.18 EPS for the current fiscal year.

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.