LJI Wealth Management LLC Has $1.50 Million Position in The Boeing Company (NYSE:BA)

LJI Wealth Management LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 18.0% in the third quarter, Holdings Channel reports. The firm owned 9,845 shares of the aircraft producer’s stock after purchasing an additional 1,500 shares during the period. LJI Wealth Management LLC’s holdings in Boeing were worth $1,497,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BA. Blue Barn Wealth LLC acquired a new position in shares of Boeing in the first quarter valued at approximately $252,000. Allstate Corp lifted its position in shares of Boeing by 10.8% in the first quarter. Allstate Corp now owns 1,845 shares of the aircraft producer’s stock worth $356,000 after purchasing an additional 180 shares in the last quarter. Patten & Patten Inc. TN lifted its position in shares of Boeing by 12.6% in the first quarter. Patten & Patten Inc. TN now owns 12,998 shares of the aircraft producer’s stock worth $2,509,000 after purchasing an additional 1,452 shares in the last quarter. Chiron Capital Management LLC lifted its position in shares of Boeing by 12.8% in the first quarter. Chiron Capital Management LLC now owns 1,758 shares of the aircraft producer’s stock worth $339,000 after purchasing an additional 200 shares in the last quarter. Finally, Northern Capital Management Inc. lifted its position in shares of Boeing by 13.3% in the first quarter. Northern Capital Management Inc. now owns 2,316 shares of the aircraft producer’s stock worth $447,000 after purchasing an additional 271 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BA. Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Morgan Stanley dropped their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company dropped their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $190.37.

Boeing Stock Performance

Shares of BA stock traded up $2.05 on Friday, hitting $140.19. The company’s stock had a trading volume of 12,120,095 shares, compared to its average volume of 9,174,678. The stock’s 50 day moving average is $153.20 and its 200-day moving average is $169.44. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $267.54. The company has a market capitalization of $86.67 billion, a PE ratio of -10.87 and a beta of 1.57.

Boeing (NYSE:BA) last released 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 company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the business earned ($3.26) EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -16.09 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.