LJI Wealth Management LLC Reduces Position in The Boeing Company $BA

by · The Cerbat Gem

LJI Wealth Management LLC reduced its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,017 shares of the aircraft producer’s stock after selling 65 shares during the period. LJI Wealth Management LLC’s holdings in Boeing were worth $2,308,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Harbor Asset Planning Inc. purchased a new position in shares of Boeing during the 2nd quarter valued at about $25,000. Piscataqua Savings Bank lifted its position in shares of Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 137 shares in the last quarter. Monetary Management Group Inc. lifted its position in shares of Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after buying an additional 50 shares in the last quarter. IMG Wealth Management Inc. lifted its position in shares of Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after buying an additional 110 shares in the last quarter. Finally, Keener Financial Planning LLC purchased a new position in shares of Boeing during the 2nd quarter valued at about $41,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of analyst reports. Susquehanna reaffirmed a “positive” rating and set a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. Jefferies Financial Group set a $255.00 target price on Boeing in a research note on Tuesday, September 30th. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and lifted their target price for the company from $242.00 to $270.00 in a research note on Monday, September 8th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Finally, Sanford C. Bernstein lifted their target price on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $242.32.

Read Our Latest Analysis on Boeing

Boeing Price Performance

NYSE:BA opened at $217.52 on Friday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The stock’s 50 day simple moving average is $221.97 and its two-hundred day simple moving average is $209.45. The company has a market cap of $164.48 billion, a price-to-earnings ratio of -13.18 and a beta of 1.47.

Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same quarter last year, the firm posted ($2.90) earnings per share. Boeing’s revenue was up 34.9% on a year-over-year basis. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley bought 2,200 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Boeing Company Profile

(Free Report)

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.

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