Solidarity Wealth LLC Boosts Holdings in The Boeing Company (NYSE:BA)

Solidarity Wealth LLC grew its stake in The Boeing Company (NYSE:BA) by 20.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,530 shares of the aircraft producer’s stock after purchasing an additional 255 shares during the quarter. Solidarity Wealth LLC’s holdings in Boeing were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of BA. Cornerstone Wealth Group LLC acquired a new position in shares of Boeing during the third quarter valued at approximately $200,000. Tandem Capital Management Corp ADV increased its position in shares of Boeing by 7.7% during the third quarter. Tandem Capital Management Corp ADV now owns 8,364 shares of the aircraft producer’s stock worth $1,272,000 after purchasing an additional 595 shares in the last quarter. JFS Wealth Advisors LLC raised its stake in Boeing by 84.6% in the 3rd quarter. JFS Wealth Advisors LLC now owns 3,920 shares of the aircraft producer’s stock valued at $596,000 after purchasing an additional 1,797 shares during the last quarter. SteelPeak Wealth LLC lifted its holdings in Boeing by 7.9% in the 3rd quarter. SteelPeak Wealth LLC now owns 14,572 shares of the aircraft producer’s stock valued at $2,216,000 after purchasing an additional 1,063 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in Boeing by 28.4% during the 3rd quarter. Diversify Wealth Management LLC now owns 5,889 shares of the aircraft producer’s stock worth $925,000 after purchasing an additional 1,301 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group reduced their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Citigroup decreased their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Morgan Stanley lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Finally, TD Cowen lowered their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $190.42.

Boeing Trading Up 0.8 %

BA stock opened at $154.24 on Thursday. The business’s fifty day moving average price is $158.34 and its 200 day moving average price is $171.24. The Boeing Company has a 12-month low of $146.02 and a 12-month high of $267.54. The company has a market capitalization of $94.69 billion, a PE ratio of -43.45 and a beta of 1.57.

Boeing (NYSE:BA) last posted 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 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 business posted ($3.26) EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Research analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal year.

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.