Xcel Wealth Management LLC Has $688,000 Stock Holdings in The Boeing Company (NYSE:BA)

Xcel Wealth Management LLC grew its holdings in The Boeing Company (NYSE:BA) by 28.4% during the third quarter, Holdings Channel reports. The firm owned 4,168 shares of the aircraft producer’s stock after acquiring an additional 921 shares during the quarter. Xcel Wealth Management LLC’s holdings in The Boeing were worth $688,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. NuWave Investment Management LLC acquired a new position in shares of The Boeing in the 2nd quarter valued at about $30,000. Hall Laurie J Trustee bought a new stake in The Boeing in the 3rd quarter valued at about $33,000. Laidlaw Wealth Management LLC increased its position in The Boeing by 84,338.8% in the 2nd quarter. Laidlaw Wealth Management LLC now owns 6,738,216 shares of the aircraft producer’s stock valued at $36,000 after buying an additional 6,730,236 shares in the last quarter. Pacific Center for Financial Services increased its position in The Boeing by 100.0% in the 2nd quarter. Pacific Center for Financial Services now owns 200 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 100 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. increased its position in The Boeing by 79.5% in the 3rd quarter. Riggs Asset Managment Co. Inc. now owns 569 shares of the aircraft producer’s stock valued at $38,000 after buying an additional 252 shares in the last quarter. 52.57% of the stock is currently owned by institutional investors.

In other news, Director Steven M. Mollenkopf acquired 1,152 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were acquired at an average price of $173.36 per share, for a total transaction of $199,710.72. Following the completion of the purchase, the director now owns 1,152 shares in the company, valued at $199,710.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

Shares of NYSE BA traded down $5.70 during midday trading on Friday, reaching $142.59. The company’s stock had a trading volume of 468,154 shares, compared to its average volume of 29,709,518. The Boeing Company has a 12-month low of $89.00 and a 12-month high of $375.60. The firm has a 50 day moving average price of $163.00 and a 200-day moving average price of $163.60. The stock has a market capitalization of $83.70 billion, a P/E ratio of -29.36 and a beta of 1.37.

The Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 28th. The aircraft producer reported ($1.39) EPS for the quarter, beating the consensus estimate of ($2.33) by $0.94. The Boeing had a negative return on equity of 3.08% and a negative net margin of 4.27%. On average, equities analysts anticipate that The Boeing Company will post -10.37 EPS for the current fiscal year.

A number of analysts recently commented on BA shares. JPMorgan Chase & Co. decreased their target price on The Boeing from $170.00 to $155.00 and set a “neutral” rating for the company in a research report on Friday. 140166 decreased their target price on The Boeing from $240.00 to $210.00 in a research report on Thursday, July 30th. Royal Bank of Canada set a $181.00 target price on The Boeing and gave the company a “buy” rating in a research report on Thursday. Credit Suisse Group decreased their price objective on The Boeing from $84.00 to $74.00 and set a “neutral” rating for the company in a report on Thursday. Finally, UBS Group set a $150.00 price objective on The Boeing and gave the stock a “neutral” rating in a report on Wednesday, September 30th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $201.32.

The Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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