The Boeing Company (NYSE:BA) Shares Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its position in The Boeing Company by 89.2%, holding 9,454 shares valued at approximately $1.61 million.
• Boeing's recent quarterly earnings showed a 34.9% increase in revenue, totaling $22.75 billion, despite reporting a loss of ($1.24) earnings per share, which missed estimates.
• Institutional investors collectively own 64.82% of Boeing's stock, with several other hedge funds recently increasing their positions, indicating strong institutional interest.

Callan Family Office LLC raised its position in The Boeing Company (NYSE:BA - Free Report) by 89.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,454 shares of the aircraft producer's stock after purchasing an additional 4,457 shares during the period. Callan Family Office LLC's holdings in Boeing were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. American National Bank & Trust boosted its holdings in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after buying an additional 128 shares in the last quarter. REAP Financial Group LLC boosted its holdings in shares of Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after buying an additional 65 shares in the last quarter. Dogwood Wealth Management LLC boosted its stake in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 112 shares during the period. Heck Capital Advisors LLC acquired a new stake in Boeing during the 4th quarter worth $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its stake in Boeing by 122.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock worth $34,000 after purchasing an additional 105 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 0.3%

Shares of BA traded up $0.71 during trading hours on Wednesday, reaching $233.32. The company had a trading volume of 6,665,849 shares, compared to its average volume of 6,966,942. The firm has a 50 day simple moving average of $218.48 and a 200-day simple moving average of $191.69. The company has a market capitalization of $176.43 billion, a price-to-earnings ratio of -14.13 and a beta of 1.48. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. The firm's quarterly revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the company earned ($2.90) EPS. Sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president directly owned 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares of the company's stock, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada reiterated an "outperform" rating and set a $250.00 price target on shares of Boeing in a research note on Wednesday, July 30th. Bank of America increased their price target on shares of Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research note on Monday, July 28th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $228.90.

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.