The Boeing Company (NYSE:BA) Shares Bought by Lazari Capital Management Inc.

Lazari Capital Management Inc. boosted its stake in shares of The Boeing Company (NYSE:BA) by 5.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,005 shares of the aircraft producer’s stock after buying an additional 716 shares during the period. Boeing comprises 2.1% of Lazari Capital Management Inc.’s investment portfolio, making the stock its 11th largest holding. Lazari Capital Management Inc.’s holdings in Boeing were worth $3,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Vermillion & White Wealth Management Group LLC acquired a new stake in Boeing during the 4th quarter worth about $26,000. Evolution Advisers Inc. acquired a new position in shares of Boeing in the 4th quarter valued at about $28,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing in the 4th quarter valued at about $28,000. Naples Money Management LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $44,000. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 1.9 %

Shares of BA traded down $3.43 during mid-day trading on Friday, hitting $177.27. The company’s stock had a trading volume of 5,105,974 shares, compared to its average volume of 5,770,378. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The stock’s 50-day moving average is $177.44 and its two-hundred day moving average is $202.58.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, sell-side analysts anticipate that The Boeing Company will post -1.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on BA shares. Barclays dropped their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. UBS Group dropped their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 7th. JPMorgan Chase & Co. dropped their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a research note on Wednesday, April 17th. Finally, Argus cut Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $220.89.

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.