B.O.S.S. Retirement Advisors LLC Raises Stock Position in The Boeing Company (NYSE:BA)

B.O.S.S. Retirement Advisors LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 82.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,594 shares of the aircraft producer’s stock after purchasing an additional 1,174 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Boeing were worth $459,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BA. IMS Capital Management increased its position in shares of Boeing by 0.4% during the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after acquiring an additional 62 shares during the last quarter. Sterneck Capital Management LLC grew its holdings in shares of Boeing by 2.3% in the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after purchasing an additional 66 shares in the last quarter. Peoples Financial Services CORP. grew its holdings in shares of Boeing by 0.8% in the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares in the last quarter. GSG Advisors LLC grew its holdings in shares of Boeing by 4.7% in the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after purchasing an additional 67 shares in the last quarter. Finally, Altus Wealth Group LLC grew its stake in shares of Boeing by 5.7% in the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock worth $201,000 after acquiring an additional 71 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA opened at $175.95 on Friday. The company has a market cap of $108.77 billion, a PE ratio of -13.64 and a beta of 1.52. The firm has a 50 day moving average price of $166.42 and a 200 day moving average price of $164.56. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($3.26) EPS. On average, sell-side analysts predict that The Boeing Company will post -16.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of analyst reports. Citigroup lowered their price objective on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Susquehanna cut their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company decreased their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Finally, Robert W. Baird cut their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.11.

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.