The Boeing Company (NYSE:BA) Shares Purchased by CFM Wealth Partners LLC

CFM Wealth Partners LLC raised its position in The Boeing Company (NYSE:BA) by 24.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,671 shares of the aircraft producer’s stock after purchasing an additional 329 shares during the period. CFM Wealth Partners LLC’s holdings in Boeing were worth $254,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ERn Financial LLC raised its position in shares of Boeing by 17.0% during the 3rd quarter. ERn Financial LLC now owns 1,374 shares of the aircraft producer’s stock worth $209,000 after purchasing an additional 200 shares during the last quarter. Lynch & Associates IN raised its holdings in shares of Boeing by 1.4% in the third quarter. Lynch & Associates IN now owns 19,913 shares of the aircraft producer’s stock worth $3,028,000 after acquiring an additional 274 shares during the last quarter. Crane Advisory LLC lifted its position in shares of Boeing by 16.1% in the third quarter. Crane Advisory LLC now owns 2,272 shares of the aircraft producer’s stock valued at $351,000 after acquiring an additional 315 shares in the last quarter. Prospect Financial Services LLC boosted its stake in shares of Boeing by 19.6% during the third quarter. Prospect Financial Services LLC now owns 33,385 shares of the aircraft producer’s stock valued at $5,076,000 after acquiring an additional 5,467 shares during the last quarter. Finally, Magnus Financial Group LLC increased its position in Boeing by 2.0% during the 3rd quarter. Magnus Financial Group LLC now owns 9,734 shares of the aircraft producer’s stock worth $1,480,000 after purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Cowen reduced their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday. Susquehanna restated a “positive” rating and set a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. JPMorgan Chase & Co. cut their price target on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday. Sanford C. Bernstein decreased their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Finally, The Goldman Sachs Group lowered their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $201.00.

Boeing Price Performance

NYSE:BA opened at $152.45 on Wednesday. The firm has a 50-day moving average of $161.80 and a two-hundred day moving average of $173.13. The stock has a market cap of $93.59 billion, a P/E ratio of -42.94 and a beta of 1.57. The Boeing Company has a 1-year low of $146.02 and a 1-year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same period in the prior year, the company earned ($0.82) earnings per share. The business’s revenue was down 14.6% compared to the same quarter last year. As a group, equities analysts expect that The Boeing Company will post -5.35 earnings per share for the current year.

About Boeing

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.