Boeing Co (NYSE:BA) is Kiley Juergens Wealth Management LLC’s 8th Largest Position
Kiley Juergens Wealth Management LLC raised its holdings in shares of Boeing Co (NYSE:BA) by 13.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,121 shares of the aircraft producer’s stock after buying an additional 1,660 shares during the quarter. Boeing comprises about 2.2% of Kiley Juergens Wealth Management LLC’s portfolio, making the stock its 8th biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Boeing were worth $2,588,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Altavista Wealth Management Inc. increased its position in Boeing by 5.2% during the 4th quarter. Altavista Wealth Management Inc. now owns 632 shares of the aircraft producer’s stock worth $206,000 after purchasing an additional 31 shares in the last quarter. Mairs & Power INC increased its position in Boeing by 1.6% during the 4th quarter. Mairs & Power INC now owns 3,617 shares of the aircraft producer’s stock worth $1,178,000 after purchasing an additional 57 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in Boeing by 0.7% in the 1st quarter. Farmers & Merchants Investments Inc. now owns 8,751 shares of the aircraft producer’s stock valued at $1,305,000 after buying an additional 65 shares during the period. McNamara Financial Services Inc. grew its holdings in Boeing by 3.1% in the 1st quarter. McNamara Financial Services Inc. now owns 2,247 shares of the aircraft producer’s stock valued at $335,000 after buying an additional 68 shares during the period. Finally, Avestar Capital LLC grew its holdings in Boeing by 4.3% in the 4th quarter. Avestar Capital LLC now owns 1,779 shares of the aircraft producer’s stock valued at $579,000 after buying an additional 74 shares during the period. 61.66% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on the company. Zacks Investment Research cut Boeing from a “hold” rating to a “sell” rating and set a $146.00 price target for the company. in a report on Friday, April 24th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $158.00 price target (up previously from $130.00) on shares of Boeing in a report on Friday, May 1st. Seaport Global Securities assumed coverage on Boeing in a research note on Monday, June 8th. They issued a “buy” rating and a $277.00 price objective on the stock. Barclays reaffirmed a “neutral” rating and issued a $125.00 price objective on shares of Boeing in a research note on Friday, May 1st. Finally, Canaccord Genuity reduced their price objective on Boeing from $175.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, May 22nd. Five investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $228.46.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.04) by $0.34. Boeing had a negative return on equity of 3.08% and a negative net margin of 4.84%. The business had revenue of $16.91 billion during the quarter, compared to the consensus estimate of $16.90 billion. During the same period in the previous year, the business earned $3.16 EPS. The business’s quarterly revenue was down 26.2% on a year-over-year basis. On average, sell-side analysts expect that Boeing Co will post -6.1 earnings per share for the current year.
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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