The Boeing Company (NYSE:BA) Shares Sold by Kiley Juergens Wealth Management LLC

Kiley Juergens Wealth Management LLC reduced its stake in shares of The Boeing Company (NYSE:BA) by 8.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,900 shares of the aircraft producer’s stock after selling 1,896 shares during the quarter. Boeing accounts for approximately 1.1% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 16th largest holding. Kiley Juergens Wealth Management LLC’s holdings in Boeing were worth $3,986,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in BA. Vermillion & White Wealth Management Group LLC acquired a new stake in Boeing during the 4th quarter valued at approximately $26,000. Evolution Advisers Inc. acquired a new stake in shares of Boeing during the fourth quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Boeing in the fourth quarter worth $28,000. Vima LLC acquired a new stake in Boeing in the fourth quarter valued at $34,000. Finally, Hobbs Group Advisors LLC bought a new position in Boeing during the 2nd quarter valued at $34,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on BA. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price objective on shares of Boeing in a report on Wednesday, August 14th. Sanford C. Bernstein lowered their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Bank of America raised their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Finally, Baird R W raised shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $215.18.

Boeing Stock Down 0.3 %

Boeing stock traded down $0.56 during trading hours on Thursday, hitting $172.87. 2,783,022 shares of the company traded hands, compared to its average volume of 7,991,566. The firm’s 50-day simple moving average is $178.52 and its two-hundred day simple moving average is $183.72. The firm has a market cap of $106.12 billion, a P/E ratio of -48.70 and a beta of 1.56. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the previous year, the business posted ($0.82) EPS. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -2.38 earnings per share 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.