Godsey & Gibb Inc. Has $62,000 Stock Position in The Boeing Company (NYSE:BA)

Godsey & Gibb Inc. boosted its stake in shares of The Boeing Company (NYSE:BA) by 107.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 351 shares of the aircraft producer’s stock after buying an additional 182 shares during the period. Godsey & Gibb Inc.’s holdings in Boeing were worth $62,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the third quarter worth approximately $28,000. Cedar Wealth Management LLC acquired a new position in Boeing in the 3rd quarter worth approximately $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing during the 2nd quarter worth approximately $33,000. Planning Capital Management Corp raised its stake in Boeing by 741.0% during 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 period. Finally, Truvestments Capital LLC purchased a new stake in shares of Boeing in the third quarter valued at $58,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BA. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Jefferies Financial Group lowered their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. UBS Group reduced their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Finally, DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Performance

Shares of NYSE BA opened at $166.25 on Thursday. The business’s 50-day simple moving average is $162.02 and its 200-day simple moving average is $164.97. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The firm has a market cap of $102.78 billion, a price-to-earnings ratio of -12.89 and a beta of 1.52.

Boeing (NYSE:BA) last announced 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. During the same quarter in the previous year, the business posted ($3.26) EPS. The firm’s revenue 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.

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.