Tsfg LLC Acquires 263 Shares of The Boeing Company (NYSE:BA)

Tsfg LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 82.2% in the fourth quarter, HoldingsChannel reports. The firm owned 583 shares of the aircraft producer’s stock after buying an additional 263 shares during the quarter. Tsfg LLC’s holdings in Boeing were worth $103,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the third quarter valued at approximately $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter valued at $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing during the 2nd quarter valued at $33,000. Planning Capital Management Corp raised its holdings in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Boeing in the 3rd quarter worth about $58,000. Hedge funds and other 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 firm has a market cap of $105.44 billion, a P/E ratio of -13.22 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The company has a 50 day moving average of $161.70 and a 200 day moving average of $165.07.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the prior year, the company earned ($3.26) EPS. Boeing’s revenue was down 1.5% on a year-over-year basis. As a group, equities analysts expect that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of several research analyst reports. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Jefferies Financial Group decreased their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. 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 research note on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Finally, Citigroup lowered their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has an average 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.