Kiley Juergens Wealth Management LLC Trims Position in The Boeing Company (NYSE:BA)

Kiley Juergens Wealth Management LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 13.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,371 shares of the aircraft producer’s stock after selling 2,746 shares during the quarter. Boeing comprises about 0.8% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 29th largest position. Kiley Juergens Wealth Management LLC’s holdings in Boeing were worth $3,075,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the 3rd quarter worth $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the 3rd quarter worth approximately $30,000. Planning Capital Management Corp raised its holdings in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC purchased a new stake in shares of Boeing in the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BA shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. cut their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group decreased their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Trading Up 1.3 %

NYSE BA opened at $171.14 on Tuesday. The company’s fifty day simple moving average is $163.15 and its 200-day simple moving average is $164.61. The stock has a market cap of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the firm posted ($3.26) earnings per share. Boeing’s revenue was down 1.5% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -16.43 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.