The Boeing Company (NYSE:BA) Shares Acquired by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV increased its holdings in shares of The Boeing Company (NYSE:BA) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,666 shares of the aircraft producer’s stock after buying an additional 254 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Boeing were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the third quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing in the third quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the second quarter worth approximately $33,000. Strategic Financial Concepts LLC acquired a new stake in shares of Boeing in the second quarter worth approximately $41,000. Finally, Planning Capital Management Corp raised its stake 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. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Susquehanna lowered their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group dropped their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. JPMorgan Chase & Co. decreased their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Citigroup reduced their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Stock Performance

Boeing stock opened at $172.04 on Friday. The company has a market capitalization of $106.36 billion, a PE ratio of -13.34 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $231.61. The firm has a 50 day moving average price of $161.04 and a 200 day moving average price of $165.37.

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

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.