The Boeing Company (NYSE:BA) Shares Acquired by JGP Wealth Management LLC

JGP Wealth Management LLC lifted its stake in The Boeing Company (NYSE:BA) by 21.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,691 shares of the aircraft producer’s stock after purchasing an additional 293 shares during the period. JGP Wealth Management LLC’s holdings in Boeing were worth $299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BA. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing during the 2nd quarter valued at about $33,000. Planning Capital Management Corp raised its position in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Boeing in the third quarter valued at about $58,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BA. The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. TD Cowen cut their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Jefferies Financial Group decreased their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Price Performance

Boeing stock opened at $168.91 on Friday. The company has a market cap of $104.42 billion, a price-to-earnings ratio of -13.09 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The stock’s 50-day moving average is $162.40 and its 200-day moving average is $164.98.

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 company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the firm earned ($3.26) EPS. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts anticipate that The Boeing Company will post -16.43 EPS 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.