GAMMA Investing LLC Raises Holdings in The Boeing Company (NYSE:BA)

GAMMA Investing LLC grew its holdings in The Boeing Company (NYSE:BA) by 26.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,135 shares of the aircraft producer’s stock after buying an additional 1,066 shares during the period. GAMMA Investing LLC’s holdings in Boeing were worth $909,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of BA. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing in the 3rd quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the 2nd quarter worth approximately $33,000. Strategic Financial Concepts LLC purchased a new position in shares of Boeing during the 2nd quarter worth approximately $41,000. Finally, Planning Capital Management Corp increased 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 valued at $50,000 after purchasing an additional 289 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

NYSE BA opened at $169.90 on Friday. The company has a fifty day moving average of $159.43 and a two-hundred day moving average of $165.47. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $250.19. The company has a market capitalization of $105.03 billion, a PE ratio of -13.17 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly 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 the consensus estimate of $17.81 billion. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the business posted ($3.26) earnings per share. On average, research analysts expect that The Boeing Company will post -16.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BA shares. Wells Fargo & Company lowered their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Morgan Stanley dropped their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Jefferies Financial Group reduced their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, UBS Group reduced their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $191.16.

Boeing 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.