Jeppson Wealth Management LLC Decreases Position in The Boeing Company (NYSE:BA)

Jeppson Wealth Management LLC decreased its position in The Boeing Company (NYSE:BA) by 7.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,368 shares of the aircraft producer’s stock after selling 461 shares during the period. Jeppson Wealth Management LLC’s holdings in Boeing were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing during the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC purchased a new position in Boeing in the 2nd quarter worth approximately $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in Boeing in the 2nd quarter worth approximately $39,000. Finally, Strategic Financial Concepts LLC purchased a new position in Boeing in the 2nd quarter worth approximately $41,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. UBS Group reduced their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. Susquehanna dropped their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Citigroup dropped their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, Robert W. Baird lowered their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $190.37.

Boeing Stock Down 1.8 %

NYSE BA opened at $148.96 on Tuesday. The Boeing Company has a twelve month low of $144.13 and a twelve month high of $267.54. The firm has a market capitalization of $92.09 billion, a PE ratio of -11.55 and a beta of 1.57. The stock’s 50 day moving average is $155.31 and its 200 day moving average is $170.39.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company earned ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts anticipate that The Boeing Company will post -16.09 earnings per share for the current 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.