Steigerwald Gordon & Koch Inc. Sells 3,792 Shares of The Boeing Company (NYSE:BA)

Steigerwald Gordon & Koch Inc. trimmed its position in The Boeing Company (NYSE:BA) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,851 shares of the aircraft producer’s stock after selling 3,792 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in Boeing were worth $6,346,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BA. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the 3rd quarter valued at $28,000. Cedar Wealth Management LLC bought a new position in Boeing in the third quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the second quarter worth about $33,000. Planning Capital Management Corp lifted its holdings in shares of Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at approximately $58,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 1.3 %

Shares of BA opened at $171.14 on Friday. The firm’s fifty day simple moving average is $163.15 and its two-hundred day simple moving average is $164.89. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the company earned ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -16.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on BA. The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. TD Cowen cut their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Morgan Stanley lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, Susquehanna lowered their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

About Boeing

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.