Guardian Investment Management Sells 110 Shares of The Boeing Company (NYSE:BA)

Guardian Investment Management reduced its position in The Boeing Company (NYSE:BA) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,600 shares of the aircraft producer’s stock after selling 110 shares during the quarter. Boeing comprises 0.9% of Guardian Investment Management’s investment portfolio, making the stock its 26th largest holding. Guardian Investment Management’s holdings in Boeing were worth $1,345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter valued at about $30,000. Planning Capital Management Corp raised its position in shares of 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. Truvestments Capital LLC acquired a new stake in Boeing in the 3rd quarter worth approximately $58,000. Finally, Fairscale Capital LLC purchased a new stake in Boeing during the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 1.3 %

NYSE:BA opened at $171.14 on Monday. The stock has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The stock’s 50-day moving average price is $163.15 and its 200-day moving average price is $164.75.

Boeing (NYSE:BA) last issued 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 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 prior year, the firm posted ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts expect that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of a number of research analyst reports. TD Cowen decreased their price target 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. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Susquehanna reduced their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group dropped their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.