GFS Advisors LLC Sells 2,570 Shares of The Boeing Company (NYSE:BA)

GFS Advisors LLC trimmed its position in The Boeing Company (NYSE:BAGet Rating) by 27.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 6,840 shares of the aircraft producer’s stock after selling 2,570 shares during the period. GFS Advisors LLC’s holdings in Boeing were worth $1,310,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in BA. Bowling Portfolio Management LLC grew its holdings in Boeing by 4.1% during the 1st quarter. Bowling Portfolio Management LLC now owns 3,787 shares of the aircraft producer’s stock worth $725,000 after acquiring an additional 148 shares during the period. Creative Financial Designs Inc. ADV increased its holdings in Boeing by 14.0% in the first quarter. Creative Financial Designs Inc. ADV now owns 2,587 shares of the aircraft producer’s stock valued at $495,000 after purchasing an additional 317 shares during the last quarter. Allworth Financial LP lifted its stake in Boeing by 11.3% in the fourth quarter. Allworth Financial LP now owns 10,140 shares of the aircraft producer’s stock valued at $2,041,000 after buying an additional 1,029 shares during the period. RDA Financial Network boosted its holdings in Boeing by 11.8% during the first quarter. RDA Financial Network now owns 5,034 shares of the aircraft producer’s stock worth $964,000 after buying an additional 532 shares during the last quarter. Finally, Rockland Trust Co. grew its position in shares of Boeing by 33.7% during the 4th quarter. Rockland Trust Co. now owns 9,673 shares of the aircraft producer’s stock worth $1,948,000 after buying an additional 2,436 shares during the period. Institutional investors own 53.96% of the company’s stock.

Several research analysts recently weighed in on BA shares. Royal Bank of Canada set a $220.00 price objective on shares of Boeing in a research note on Friday, June 10th. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Jefferies Financial Group dropped their price objective on Boeing from $270.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, May 2nd. Susquehanna decreased their target price on Boeing from $193.00 to $192.00 in a research note on Friday, May 20th. Finally, Wells Fargo & Company lowered their price target on Boeing from $250.00 to $214.00 in a report on Thursday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $225.83.

Boeing stock opened at $139.84 on Friday. The company has a market cap of $82.73 billion, a price-to-earnings ratio of -16.91 and a beta of 1.48. The firm has a 50-day moving average of $136.70 and a 200-day moving average of $176.41. The Boeing Company has a one year low of $113.02 and a one year high of $241.15.

Boeing (NYSE:BAGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) EPS for the quarter, missing the consensus estimate of ($0.26) by ($2.49). The company had revenue of $13.99 billion during the quarter, compared to analysts’ expectations of $15.90 billion. The business’s revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the business earned ($1.53) earnings per share. Analysts expect that The Boeing Company will post -0.81 earnings per share for the current year.

Boeing Profile (Get Rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Featured Articles

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.