The Boeing Company (NYSE:BA) Shares Purchased by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,829 shares of the aircraft producer’s stock after purchasing an additional 449 shares during the period. Jeppson Wealth Management LLC’s holdings in Boeing were worth $1,061,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. JFS Wealth Advisors LLC raised its stake in shares of Boeing by 2.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock valued at $661,000 after acquiring an additional 50 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Boeing by 1.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after purchasing an additional 50 shares in the last quarter. Davis R M Inc. boosted its stake in shares of Boeing by 1.8% in the 4th quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock valued at $767,000 after buying an additional 52 shares during the period. Westpac Banking Corp grew its position in shares of Boeing by 1.6% during the fourth quarter. Westpac Banking Corp now owns 3,336 shares of the aircraft producer’s stock worth $870,000 after buying an additional 54 shares in the last quarter. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Boeing by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after buying an additional 56 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Bank of America lifted their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Baird R W raised Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Wells Fargo & Company reaffirmed an “underweight” rating and set a $119.00 price target (down from $185.00) on shares of Boeing in a report on Tuesday. Finally, Sanford C. Bernstein dropped their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $211.29.

Boeing Price Performance

Shares of NYSE:BA traded down $1.07 on Friday, reaching $161.08. The company’s stock had a trading volume of 193,646 shares, compared to its average volume of 7,845,023. The Boeing Company has a 52-week low of $158.30 and a 52-week high of $267.54. The stock’s 50-day moving average is $177.02 and its two-hundred day moving average is $181.13. The stock has a market capitalization of $98.88 billion, a P/E ratio of -45.68 and a beta of 1.56.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.82) earnings per share. Equities analysts forecast that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

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.