WJ Wealth Management LLC Sells 6,020 Shares of The Boeing Company (NYSE:BA)

WJ Wealth Management LLC cut its position in shares of The Boeing Company (NYSE:BA) by 66.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,050 shares of the aircraft producer’s stock after selling 6,020 shares during the period. WJ Wealth Management LLC’s holdings in Boeing were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Capital Research Global Investors increased its holdings in shares of Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares during the period. Jennison Associates LLC bought a new position in Boeing in the fourth quarter worth about $960,397,000. Wellington Management Group LLP lifted its position in shares of Boeing by 563.9% during the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after buying an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Boeing by 23.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after buying an additional 1,884,850 shares in the last quarter. Finally, Boston Partners grew its position in shares of Boeing by 861.6% in the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after buying an additional 1,617,151 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 0.3 %

NYSE BA traded down $0.50 on Friday, reaching $182.01. 5,899,850 shares of the company were exchanged, compared to its average volume of 5,801,654. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The stock has a market capitalization of $111.73 billion, a P/E ratio of -51.27 and a beta of 1.55. The business’s fifty day moving average price is $178.50 and its 200 day moving average price is $198.05.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Equities research analysts forecast that The Boeing Company will post -1.67 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Bank of America upped their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Morgan Stanley dropped their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Finally, Argus lowered Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $220.89.

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.