Leo Wealth LLC Buys 423 Shares of The Boeing Company (NYSE:BA)

Leo Wealth LLC boosted its stake in shares of The Boeing Company (NYSE:BA) by 20.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,453 shares of the aircraft producer’s stock after acquiring an additional 423 shares during the period. Leo Wealth LLC’s holdings in Boeing were worth $469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing in the fourth quarter worth about $26,000. Evolution Advisers Inc. bought a new stake in Boeing in the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. Vima LLC bought a new position in shares of Boeing during the 4th quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. grew its holdings in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of NYSE:BA traded down $0.69 during trading on Friday, reaching $179.54. 5,110,223 shares of the company were exchanged, compared to its average volume of 8,237,503. The firm has a market capitalization of $110.22 billion, a PE ratio of -50.61 and a beta of 1.56. The business’s fifty day simple moving average is $181.47 and its 200-day simple moving average is $191.42. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. On average, sell-side analysts anticipate that The Boeing Company will post -1.86 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Citigroup decreased their price target on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Bank of America increased their price target on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. JPMorgan Chase & Co. decreased their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, UBS Group dropped their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $220.89.

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.