Cwm LLC Has $23.23 Million Stock Holdings in The Boeing Company (NYSE:BA)

Cwm LLC boosted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 8.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,174 shares of the aircraft producer's stock after purchasing an additional 11,179 shares during the period. Cwm LLC's holdings in Boeing were worth $23,225,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Iron Horse Wealth Management LLC boosted its stake in shares of Boeing by 33.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 297 shares of the aircraft producer's stock worth $51,000 after acquiring an additional 75 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Boeing by 5.4% in the 1st quarter. New York State Common Retirement Fund now owns 1,057,661 shares of the aircraft producer's stock worth $180,384,000 after purchasing an additional 54,513 shares during the last quarter. Platform Technology Partners boosted its position in Boeing by 1.5% during the first quarter. Platform Technology Partners now owns 16,358 shares of the aircraft producer's stock worth $2,790,000 after purchasing an additional 238 shares during the period. Arizona State Retirement System boosted its holdings in shares of Boeing by 4.3% during the 1st quarter. Arizona State Retirement System now owns 219,569 shares of the aircraft producer's stock worth $37,447,000 after buying an additional 9,050 shares during the period. Finally, Realta Investment Advisors grew its stake in Boeing by 6.3% in the 1st quarter. Realta Investment Advisors now owns 3,440 shares of the aircraft producer's stock valued at $587,000 after buying an additional 205 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president directly owned 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,744 shares of company stock worth $1,511,370. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BA shares. Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. The Goldman Sachs Group set a $212.00 target price on Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Citigroup reaffirmed a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, UBS Group boosted their target price on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $216.32.

Boeing Price Performance

Shares of NYSE:BA opened at $226.68 on Monday. The stock has a market capitalization of $170.92 billion, a price-to-earnings ratio of -12.65 and a beta of 1.41. The business's fifty day moving average price is $206.14 and its two-hundred day moving average price is $183.00. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $231.23.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the business earned ($1.13) EPS. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal 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.

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