The Boeing Company (NYSE:BA) Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,632 shares of the aircraft producer’s stock after buying an additional 1,216 shares during the period. Apollon Wealth Management LLC’s holdings in Boeing were worth $3,829,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter worth $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the 4th quarter worth about $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing in the 3rd quarter valued at about $30,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BA. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Citigroup cut their target price on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Susquehanna increased their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Finally, TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Trading Down 1.8 %

BA stock opened at $181.51 on Friday. The business has a 50 day simple moving average of $172.22 and a 200-day simple moving average of $164.29. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.10. The company has a market capitalization of $136.14 billion, a P/E ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the firm earned ($0.47) earnings per share. Research analysts predict that The Boeing Company will post -2.3 EPS for the current fiscal 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.