PSI Advisors LLC Reduces Position in The Boeing Company (NYSE:BA)

PSI Advisors LLC decreased its position in The Boeing Company (NYSE:BA) by 24.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 894 shares of the aircraft producer’s stock after selling 290 shares during the period. PSI Advisors LLC’s holdings in Boeing were worth $158,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BA. FNY Investment Advisers LLC raised its position in Boeing by 81.7% during the 4th quarter. FNY Investment Advisers LLC now owns 15,772 shares of the aircraft producer’s stock valued at $2,791,000 after purchasing an additional 7,090 shares during the last quarter. AdvisorNet Financial Inc increased its stake in shares of Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after buying an additional 710 shares during the period. Tsfg LLC raised its holdings in shares of Boeing by 82.2% during the fourth quarter. Tsfg LLC now owns 583 shares of the aircraft producer’s stock valued at $103,000 after acquiring an additional 263 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in Boeing by 29.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 26,262 shares of the aircraft producer’s stock worth $4,648,000 after acquiring an additional 5,998 shares during the period. Finally, Horizon Wealth Management LLC boosted its holdings in Boeing by 30.1% in the fourth quarter. Horizon Wealth Management LLC now owns 4,324 shares of the aircraft producer’s stock valued at $765,000 after acquiring an additional 1,000 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 0.8 %

NYSE:BA opened at $170.56 on Tuesday. The stock has a market cap of $105.44 billion, a price-to-earnings ratio of -13.22 and a beta of 1.52. The company’s 50 day moving average price is $161.70 and its 200-day moving average price is $165.07. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59.

Boeing (NYSE:BA) last issued 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 business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company posted ($3.26) EPS. The company’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on BA. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their price target 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. UBS Group cut their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. decreased their target price on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

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.