Executive Wealth Management LLC Invests $264,000 in The Boeing Company (NYSE:BA)

Executive Wealth Management LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) during the third quarter, HoldingsChannel.com reports. The firm acquired 1,734 shares of the aircraft producer’s stock, valued at approximately $264,000.

Several other institutional investors have also modified their holdings of BA. Kiely Wealth Advisory Group Inc. purchased a new stake in Boeing in the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC purchased a new position in Boeing during the 2nd quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in Boeing in the second quarter worth approximately $39,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Boeing in the 2nd quarter worth $41,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BA. JPMorgan Chase & Co. lowered their price target on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, October 14th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. Susquehanna dropped their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company lowered their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Finally, Jefferies Financial Group decreased their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Hold” and a consensus price target of $190.37.

Boeing Stock Performance

Shares of Boeing stock opened at $151.77 on Friday. The stock has a 50 day moving average of $155.31 and a 200 day moving average of $170.34. The firm has a market capitalization of $93.82 billion, a price-to-earnings ratio of -11.77 and a beta of 1.57. The Boeing Company has a fifty-two week low of $144.13 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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 in the previous year, the company posted ($3.26) EPS. Boeing’s revenue was down 1.5% on a year-over-year basis. Analysts forecast that The Boeing Company will post -16.09 EPS for the current 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.