LJI Wealth Management LLC Purchases 2,111 Shares of The Boeing Company (NYSE:BA)

LJI Wealth Management LLC boosted its stake in The Boeing Company (NYSE:BA) by 23.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,082 shares of the aircraft producer’s stock after acquiring an additional 2,111 shares during the period. LJI Wealth Management LLC’s holdings in Boeing were worth $1,890,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. American National Bank & Trust boosted its holdings in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC boosted its holdings in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after acquiring an additional 112 shares during the period. Solstein Capital LLC purchased a new position in Boeing during the 4th quarter valued at about $33,000. Finally, Heck Capital Advisors LLC purchased a new position in Boeing during the 4th quarter valued at about $33,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.3%

Shares of NYSE:BA opened at $226.68 on Monday. The firm’s 50 day moving average price is $206.14 and its 200-day moving average price is $183.00. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $231.23. The stock has a market capitalization of $170.92 billion, a PE ratio of -12.65 and a beta of 1.41.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the previous year, the business posted ($1.13) EPS. Boeing’s revenue was up 17.7% on a year-over-year basis. Analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president directly owned 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 over the last three months. 0.09% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BA shares. Wells Fargo & Company reissued an “underweight” rating on shares of Boeing in a research report on Thursday, May 22nd. Sanford C. Bernstein raised shares of Boeing from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $181.00 to $218.00 in a research report on Monday, April 28th. Morgan Stanley set a $200.00 price target on shares of Boeing and gave the company an “equal weight” rating in a research report on Thursday, June 12th. Wall Street Zen cut shares of Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, May 17th. Finally, Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target for the company in a research report on Friday, June 27th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $216.32.

Boeing 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.