Journey Strategic Wealth LLC Raises Stock Position in The Boeing Company (NYSE:BA)

Journey Strategic Wealth LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 36.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,960 shares of the aircraft producer’s stock after acquiring an additional 1,607 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Boeing were worth $1,055,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Czech National Bank grew its holdings in shares of Boeing by 8.4% during the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after buying an additional 9,281 shares in the last quarter. Apella Capital LLC boosted its position in Boeing by 1.2% during the third quarter. Apella Capital LLC now owns 7,928 shares of the aircraft producer’s stock worth $1,212,000 after acquiring an additional 97 shares during the last quarter. GAMMA Investing LLC grew its stake in Boeing by 6.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,069 shares of the aircraft producer’s stock valued at $619,000 after acquiring an additional 264 shares in the last quarter. Herbst Group LLC raised its holdings in Boeing by 1.0% in the 3rd quarter. Herbst Group LLC now owns 15,751 shares of the aircraft producer’s stock valued at $2,395,000 after acquiring an additional 160 shares during the last quarter. Finally, Smith Anglin Financial LLC lifted its stake in Boeing by 2.3% in the 3rd quarter. Smith Anglin Financial LLC now owns 3,618 shares of the aircraft producer’s stock worth $550,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BA shares. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday. Robert W. Baird cut their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Stock Performance

Shares of BA opened at $176.26 on Friday. The company’s 50-day simple moving average is $169.50 and its 200-day simple moving average is $164.35. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $214.63. The stock has a market capitalization of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business posted ($0.47) EPS. On average, sell-side analysts predict that The Boeing Company will post -1.61 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.