The Boeing Company $BA Shares Purchased by Cwm LLC

Key Points

• Cwm LLC increased its holdings in Boeing shares by 0.9%, bringing its total to 137,452 shares valued at $28.8 million as of the most recent SEC filing.
• Director Mortimer J. Buckley purchased 2,200 shares of Boeing stock, while EVP David Christopher Raymond sold 3,771 shares, indicating ongoing insider trading activities.
• Boeing's stock has a consensus rating of "Moderate Buy" with price targets ranging from $250 to $275 according to various analysts.

Cwm LLC increased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 137,452 shares of the aircraft producer's stock after acquiring an additional 1,278 shares during the quarter. Cwm LLC's holdings in Boeing were worth $28,800,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BA. Revolve Wealth Partners LLC acquired a new stake in Boeing during the fourth quarter worth approximately $201,000. GAMMA Investing LLC boosted its holdings in shares of Boeing by 13.9% in the 1st quarter. GAMMA Investing LLC now owns 5,851 shares of the aircraft producer's stock valued at $998,000 after purchasing an additional 716 shares during the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in shares of Boeing by 50.8% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 5,558 shares of the aircraft producer's stock valued at $948,000 after purchasing an additional 1,873 shares during the last quarter. Goldstone Financial Group LLC acquired a new position in shares of Boeing in the 1st quarter valued at $278,000. Finally, Stock Yards Bank & Trust Co. boosted its holdings in shares of Boeing by 11.4% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 3,194 shares of the aircraft producer's stock valued at $545,000 after purchasing an additional 328 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director directly owned 2,200 shares of the company's stock, valued at approximately $497,420. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction on Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BA shares. Rothschild & Co Redburn upgraded shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a report on Friday, June 27th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $250.00 price target on shares of Boeing in a report on Monday, September 29th. Susquehanna reiterated a "positive" rating and issued a $270.00 price target on shares of Boeing in a report on Monday, September 15th. KGI Securities upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 24th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $233.91.

Boeing Trading Down 2.3%

NYSE:BA opened at $211.04 on Monday. The firm has a market capitalization of $159.58 billion, a price-to-earnings ratio of -12.78 and a beta of 1.47. The firm's fifty day simple moving average is $224.29 and its 200 day simple moving average is $206.57. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

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

Boeing 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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