Kirtland Hills Capital Management LLC Invests $280,000 in The Boeing Company (NYSE:BA)

Kirtland Hills Capital Management LLC bought a new stake in The Boeing Company (NYSE:BA) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,839 shares of the aircraft producer’s stock, valued at approximately $280,000.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Stifel Nicolaus boosted their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. Citigroup cut their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, Susquehanna cut their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Stock Performance

Shares of NYSE:BA opened at $145.58 on Wednesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The stock has a market capitalization of $90.00 billion, a P/E ratio of -11.29 and a beta of 1.57. The stock has a 50-day simple moving average of $152.53 and a 200-day simple moving average of $168.95.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($3.26) EPS. Analysts predict that The Boeing Company will post -16.2 earnings per share for the current year.

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.