GSG Advisors LLC Has $264,000 Stock Holdings in The Boeing Company (NYSE:BA)

GSG Advisors LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 4.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,490 shares of the aircraft producer’s stock after buying an additional 67 shares during the quarter. GSG Advisors LLC’s holdings in Boeing were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the 3rd quarter worth $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the second quarter valued at about $33,000. Planning Capital Management Corp grew its position in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new position in Boeing during the third quarter worth about $58,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.8 %

Shares of NYSE BA opened at $170.56 on Tuesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The firm has a market capitalization of $105.44 billion, a P/E ratio of -13.22 and a beta of 1.52. The stock’s 50-day simple moving average is $161.70 and its two-hundred day simple moving average is $165.07.

Boeing (NYSE:BA) last released 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 during the quarter, compared to analyst estimates of $17.81 billion. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned ($3.26) EPS. As a group, research analysts anticipate that The Boeing Company will post -16.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Jefferies Financial Group reduced their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

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.