Grandview Asset Management LLC Raises Stock Holdings in The Boeing Company (NYSE:BA)

Grandview Asset Management LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 13.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,776 shares of the aircraft producer’s stock after buying an additional 326 shares during the period. Grandview Asset Management LLC’s holdings in Boeing were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in BA. Dale Q Rice Investment Management Ltd acquired a new stake in shares of Boeing during the fourth quarter worth approximately $745,000. FNY Investment Advisers LLC boosted its stake 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 acquiring an additional 7,090 shares during the last quarter. AdvisorNet Financial Inc grew its holdings in Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after acquiring an additional 710 shares in the last quarter. Tsfg LLC increased its position in shares of Boeing by 82.2% in the 4th quarter. Tsfg LLC now owns 583 shares of the aircraft producer’s stock worth $103,000 after purchasing an additional 263 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its stake in shares of Boeing by 29.6% in the 4th quarter. Miracle Mile Advisors LLC now owns 26,262 shares of the aircraft producer’s stock valued at $4,648,000 after purchasing an additional 5,998 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 0.8 %

Boeing stock opened at $170.56 on Tuesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The company has a fifty day simple moving average of $161.70 and a 200 day simple moving average of $165.07. The company has a market cap of $105.44 billion, a P/E ratio of -13.22 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data 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 firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($3.26) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -16.18 EPS for the current year.

Analyst Ratings Changes

BA has been the subject of several research reports. The Goldman Sachs Group decreased their target price on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Citigroup reduced their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Susquehanna lowered their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Finally, Morgan Stanley cut their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $192.21.

About Boeing

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.