SS&H Financial Advisors Inc. Boosts Holdings in The Boeing Company (NYSE:BA)

SS&H Financial Advisors Inc. raised its position in shares of The Boeing Company (NYSE:BA) by 7.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,280 shares of the aircraft producer’s stock after purchasing an additional 560 shares during the quarter. SS&H Financial Advisors Inc.’s holdings in Boeing were worth $1,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the third quarter valued at $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the second quarter worth approximately $33,000. Planning Capital Management Corp raised its holdings in shares of 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 purchasing an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in Boeing during the third quarter valued at approximately $58,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Shares of NYSE:BA opened at $167.17 on Wednesday. The firm has a market cap of $103.34 billion, a price-to-earnings ratio of -12.96 and a beta of 1.52. The firm has a fifty day moving average price of $162.02 and a 200 day moving average price of $164.97. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period last year, the firm posted ($3.26) EPS. As a group, research analysts predict that The Boeing Company will post -16.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. UBS Group cut their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Morgan Stanley lowered their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note 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 on the stock in a research report on Tuesday, September 24th. Finally, Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two investment 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 company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.