Lewis Asset Management LLC Has $809,000 Stock Position in The Boeing Company (NYSE:BA)

Lewis Asset Management LLC boosted its holdings in The Boeing Company (NYSE:BA) by 38.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,318 shares of the aircraft producer’s stock after buying an additional 1,488 shares during the period. Lewis Asset Management LLC’s holdings in Boeing were worth $809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Kiely Wealth Advisory Group Inc. bought a new position in Boeing during the 2nd quarter worth approximately $33,000. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing during the second quarter worth $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Boeing in the 2nd quarter valued at approximately $39,000. Finally, Strategic Financial Concepts LLC bought a new stake in Boeing in the 2nd quarter valued at approximately $41,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Robert W. Baird cut their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. UBS Group reduced their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group cut their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $190.37.

Boeing Price Performance

BA opened at $150.98 on Friday. The company has a market capitalization of $93.34 billion, a PE ratio of -11.70 and a beta of 1.57. The business has a fifty day simple moving average of $156.17 and a 200 day simple moving average of $170.60. The Boeing Company has a 1 year low of $144.13 and a 1 year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the business earned ($3.26) EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Equities analysts anticipate that The Boeing Company will post -16.09 earnings per share for the current fiscal year.

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.