Beech Hill Advisors Inc. Purchases 718 Shares of The Boeing Company (NYSE:BA)

Beech Hill Advisors Inc. grew its position in The Boeing Company (NYSE:BA) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,855 shares of the aircraft producer’s stock after acquiring an additional 718 shares during the period. Beech Hill Advisors Inc.’s holdings in Boeing were worth $2,452,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Boeing by 47.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,419 shares of the aircraft producer’s stock worth $782,000 after acquiring an additional 1,421 shares during the period. Builder Investment Group Inc. ADV acquired a new stake in Boeing during the 4th quarter valued at $222,000. West Financial Advisors LLC boosted its position in Boeing by 46.2% during the fourth quarter. West Financial Advisors LLC now owns 633 shares of the aircraft producer’s stock worth $112,000 after purchasing an additional 200 shares during the period. Winch Advisory Services LLC increased its holdings in shares of Boeing by 56.1% in the fourth quarter. Winch Advisory Services LLC now owns 618 shares of the aircraft producer’s stock valued at $109,000 after purchasing an additional 222 shares during the last quarter. Finally, RMR Wealth Builders bought a new position in shares of Boeing in the fourth quarter valued at about $333,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of Boeing stock traded up $1.18 on Thursday, reaching $167.38. 462,313 shares of the company’s stock were exchanged, compared to its average volume of 7,442,268. The firm’s 50-day moving average is $162.02 and its two-hundred day moving average is $164.97. The company has a market capitalization of $103.47 billion, a P/E ratio of -12.98 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.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm earned ($3.26) EPS. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts expect that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on BA. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus target price of $192.21.

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.