Jaffetilchin Investment Partners LLC Sells 2,327 Shares of The Boeing Company $BA

Jaffetilchin Investment Partners LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 9.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 22,757 shares of the aircraft producer’s stock after selling 2,327 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Boeing were worth $4,768,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Insigneo Advisory Services LLC increased its stake in shares of Boeing by 48.6% during the second quarter. Insigneo Advisory Services LLC now owns 12,652 shares of the aircraft producer’s stock worth $2,651,000 after purchasing an additional 4,137 shares during the period. CreativeOne Wealth LLC increased its position in Boeing by 27.5% during the 2nd quarter. CreativeOne Wealth LLC now owns 7,765 shares of the aircraft producer’s stock worth $1,627,000 after buying an additional 1,675 shares during the period. Horizon Kinetics Asset Management LLC bought a new position in Boeing during the 2nd quarter worth $211,000. Picton Mahoney Asset Management boosted its position in shares of Boeing by 0.6% in the second quarter. Picton Mahoney Asset Management now owns 81,531 shares of the aircraft producer’s stock valued at $17,083,000 after acquiring an additional 450 shares during the period. Finally, Summit Global Investments bought a new stake in shares of Boeing in the second quarter valued at about $203,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. BNP Paribas set a $150.00 price objective on shares of Boeing in a report on Tuesday, November 18th. JPMorgan Chase & Co. reduced their price target on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and upped their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Sanford C. Bernstein restated an “outperform” rating and issued a $267.00 price target on shares of Boeing in a research report on Friday, November 14th. Finally, Zacks Research cut shares of Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.09.

Insider Activity

In related news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. This represents a 8.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $179.58 on Monday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm has a market cap of $136.50 billion, a price-to-earnings ratio of -13.13 and a beta of 1.44. The business’s fifty day moving average is $208.90 and its 200-day moving average is $214.90.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the previous year, the business earned ($10.44) earnings per share. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS 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.