LJI Wealth Management LLC Grows Stock Position in The Boeing Company (NYSE:BA)

LJI Wealth Management LLC lifted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 23.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,082 shares of the aircraft producer's stock after buying an additional 2,111 shares during the quarter. LJI Wealth Management LLC's holdings in Boeing were worth $1,890,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. American National Bank & Trust increased its position in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares in the last quarter. REAP Financial Group LLC increased its position in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Dogwood Wealth Management LLC increased its position in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Solstein Capital LLC purchased a new stake in Boeing during the 4th quarter worth about $33,000. Finally, Heck Capital Advisors LLC purchased a new stake in Boeing during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of recent research reports. Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. lifted their price objective on Boeing from $200.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday. Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a research report on Thursday, June 12th. Finally, Benchmark lowered their price target on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $221.55.

Insider Transactions at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president owned 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Performance

Shares of NYSE:BA traded down $1.42 during trading on Thursday, reaching $228.48. 2,975,665 shares of the stock were exchanged, compared to its average volume of 9,537,516. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $233.61. The firm has a market cap of $172.27 billion, a price-to-earnings ratio of -12.76 and a beta of 1.41. The firm's 50-day moving average price is $208.78 and its 200 day moving average price is $183.99.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter in the previous year, the firm posted ($1.13) EPS. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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.