The Boeing Company (NYSE:BA) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in The Boeing Company (NYSE:BA) by 26.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,135 shares of the aircraft producer’s stock after purchasing an additional 1,066 shares during the quarter. GAMMA Investing LLC’s holdings in Boeing were worth $909,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the third quarter valued at $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing in the third quarter worth about $30,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing in the second quarter worth about $33,000. Strategic Financial Concepts LLC acquired a new stake in Boeing during the second quarter worth about $41,000. Finally, Planning Capital Management Corp raised its position in Boeing by 741.0% during 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 in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $169.90 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $250.19. The stock has a market cap of $105.03 billion, a PE ratio of -13.17 and a beta of 1.52. The stock has a 50 day moving average price of $159.43 and a 200 day moving average price of $165.47.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (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 analyst estimates of $17.81 billion. The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned ($3.26) earnings per share. As a group, analysts predict that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BA shares. UBS Group dropped their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. 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 report on Monday, November 4th. Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, Jefferies Financial Group reduced their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Hold” and an average price target of $191.16.

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.