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

IHT Wealth Management LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 31.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,908 shares of the aircraft producer’s stock after purchasing an additional 10,087 shares during the quarter. IHT Wealth Management LLC’s holdings in Boeing were worth $6,394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in BA. Mather Group LLC. lifted its position in shares of Boeing by 23.2% during the 2nd quarter. Mather Group LLC. now owns 4,173 shares of the aircraft producer’s stock valued at $805,000 after buying an additional 785 shares in the last quarter. Lynx Investment Advisory purchased a new position in Boeing in the 2nd quarter valued at $58,000. Olistico Wealth LLC purchased a new position in shares of Boeing during the 2nd quarter worth $52,000. Park Avenue Securities LLC raised its holdings in shares of Boeing by 3.7% during the 2nd quarter. Park Avenue Securities LLC now owns 10,936 shares of the aircraft producer’s stock worth $1,990,000 after acquiring an additional 393 shares during the period. Finally, CVA Family Office LLC raised its holdings in shares of Boeing by 10.5% during the 2nd quarter. CVA Family Office LLC now owns 872 shares of the aircraft producer’s stock worth $159,000 after acquiring an additional 83 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BA. Wells Fargo & Company reduced their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. The Goldman Sachs Group reduced their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Jefferies Financial Group cut their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Citigroup cut their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $190.11.

Boeing Stock Performance

Shares of BA traded down $0.69 during midday trading on Tuesday, hitting $155.85. The company had a trading volume of 1,250,460 shares, compared to its average volume of 9,145,089. The company’s 50-day simple moving average is $151.48 and its 200-day simple moving average is $167.35. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted ($3.26) EPS. On average, analysts predict that The Boeing Company will post -16.19 earnings per share for the current fiscal 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.