Legacy Wealth Asset Management LLC Purchases 76 Shares of The Boeing Company (NYSE:BA)

Legacy Wealth Asset Management LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,465 shares of the aircraft producer’s stock after acquiring an additional 76 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Boeing were worth $831,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BA. Madison Park Capital Advisors LLC lifted its holdings in Boeing by 4.9% in the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after purchasing an additional 56 shares in the last quarter. Wealth Alliance Advisory Group LLC boosted its position in shares of Boeing by 1.6% during the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after acquiring an additional 60 shares during the last quarter. Angeles Wealth Management LLC grew its stake in Boeing by 4.2% during the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock valued at $294,000 after acquiring an additional 61 shares in the last quarter. IMS Capital Management grew its stake in Boeing by 0.4% during the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after acquiring an additional 62 shares in the last quarter. Finally, Meeder Advisory Services Inc. lifted its stake in Boeing by 0.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock worth $1,459,000 after purchasing an additional 65 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. Wells Fargo & Company cut their price objective on Boeing from $109.00 to $86.00 and set an “underweight” rating for the company in a research report on Thursday. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday. TD Cowen decreased their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Susquehanna cut their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday. Finally, Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus target price of $191.79.

Boeing Stock Performance

Shares of NYSE BA opened at $154.97 on Friday. The Boeing Company has a 52-week low of $146.02 and a 52-week high of $267.54. The firm has a market capitalization of $95.13 billion, a price-to-earnings ratio of -43.65 and a beta of 1.57. The stock has a 50 day moving average price of $159.68 and a 200 day moving average price of $171.70.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned ($3.26) earnings per share. Analysts forecast that The Boeing Company will post -5.35 earnings per share for the current year.

Boeing Company 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.