Apollon Wealth Management LLC Raises Stock Holdings in The Boeing Company (NYSE:BA)

Apollon Wealth Management LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,632 shares of the aircraft producer’s stock after buying an additional 1,216 shares during the quarter. Apollon Wealth Management LLC’s holdings in Boeing were worth $3,829,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. CWM LLC raised its holdings in Boeing by 9.3% in the third quarter. CWM LLC now owns 26,552 shares of the aircraft producer’s stock valued at $4,037,000 after buying an additional 2,249 shares during the period. Quotient Wealth Partners LLC raised its stake in shares of Boeing by 23.6% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,530 shares of the aircraft producer’s stock valued at $233,000 after acquiring an additional 292 shares during the period. Watts Gwilliam & Co. LLC acquired a new position in shares of Boeing during the 3rd quarter valued at $365,000. JGP Wealth Management LLC boosted its position in Boeing by 18.7% during the 3rd quarter. JGP Wealth Management LLC now owns 1,398 shares of the aircraft producer’s stock worth $213,000 after purchasing an additional 220 shares during the period. Finally, Next Level Private LLC increased its holdings in Boeing by 50.1% in the 3rd quarter. Next Level Private LLC now owns 22,621 shares of the aircraft producer’s stock valued at $3,439,000 after purchasing an additional 7,551 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BA has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Price Performance

NYSE BA opened at $181.51 on Friday. The firm has a market capitalization of $136.14 billion, a PE ratio of -9.91 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.10. The company’s 50 day simple moving average is $172.22 and its 200 day simple moving average is $164.29.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -2.3 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.