IHT Wealth Management LLC Acquires 10,087 Shares of The Boeing Company (NYSE:BA)

IHT Wealth Management LLC increased its holdings in The Boeing Company (NYSE:BA) by 31.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,908 shares of the aircraft producer’s stock after purchasing an additional 10,087 shares during the period. IHT Wealth Management LLC’s holdings in Boeing were worth $6,394,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Investment Management Corp of Ontario increased its position in Boeing by 48.8% during the third quarter. Investment Management Corp of Ontario now owns 19,201 shares of the aircraft producer’s stock valued at $2,919,000 after acquiring an additional 6,300 shares during the last quarter. Coastwise Capital Group LLC increased its position in Boeing by 11.6% during the third quarter. Coastwise Capital Group LLC now owns 6,603 shares of the aircraft producer’s stock valued at $1,004,000 after acquiring an additional 685 shares during the last quarter. Concentric Capital Strategies LP bought a new position in Boeing during the third quarter valued at $2,133,000. Benjamin Edwards Inc. increased its position in Boeing by 209.3% during the third quarter. Benjamin Edwards Inc. now owns 13,864 shares of the aircraft producer’s stock valued at $2,108,000 after acquiring an additional 9,381 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Boeing during the third quarter valued at $636,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA traded down $0.69 during mid-day trading on Tuesday, hitting $155.85. 1,250,460 shares of the company traded hands, compared to its average volume of 9,145,089. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $267.54. The business has a 50 day moving average of $151.48 and a 200 day moving average of $167.35.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the business posted ($3.26) EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts anticipate that The Boeing Company will post -16.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BA shares. Susquehanna cut their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. UBS Group cut their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday, October 15th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Finally, Morgan Stanley cut their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Three equities 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 an average price target of $190.11.

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.