CMH Wealth Management LLC Decreases Holdings in The Boeing Company (NYSE:BA)

CMH Wealth Management LLC decreased its position in shares of The Boeing Company (NYSE:BAGet Rating) by 43.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,450 shares of the aircraft producer’s stock after selling 23,146 shares during the quarter. Boeing accounts for about 1.5% of CMH Wealth Management LLC’s holdings, making the stock its 24th biggest position. CMH Wealth Management LLC’s holdings in Boeing were worth $4,163,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of BA. Invesco Ltd. lifted its stake in Boeing by 5.6% in the 4th quarter. Invesco Ltd. now owns 1,293,970 shares of the aircraft producer’s stock valued at $260,502,000 after buying an additional 68,367 shares in the last quarter. Schroder Investment Management Group lifted its stake in Boeing by 4.5% in the 4th quarter. Schroder Investment Management Group now owns 29,382 shares of the aircraft producer’s stock valued at $5,915,000 after buying an additional 1,252 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Boeing in the 4th quarter valued at approximately $340,000. Rowland & Co. Investment Counsel ADV lifted its stake in Boeing by 27.2% in the 4th quarter. Rowland & Co. Investment Counsel ADV now owns 2,470 shares of the aircraft producer’s stock valued at $497,000 after buying an additional 528 shares in the last quarter. Finally, Mmbg Investment Advisors CO. purchased a new stake in Boeing in the 4th quarter valued at approximately $1,174,000. Hedge funds and other institutional investors own 57.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BA. Wells Fargo & Company reduced their target price on Boeing from $214.00 to $210.00 and set an “overweight” rating on the stock in a research note on Thursday, July 28th. StockNews.com upgraded Boeing from a “sell” rating to a “hold” rating in a report on Friday, July 29th. JPMorgan Chase & Co. boosted their price target on Boeing from $188.00 to $200.00 in a report on Thursday, July 28th. Bank of America boosted their price target on Boeing from $170.00 to $175.00 and gave the company a “neutral” rating in a report on Wednesday, September 7th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $281.00 price target on shares of Boeing in a report on Tuesday, August 23rd. Three analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $218.07.

Boeing Stock Down 6.1 %

Shares of BA stock traded down $8.42 on Friday, reaching $130.29. 212,129 shares of the stock were exchanged, compared to its average volume of 5,998,220. The stock has a market cap of $77.37 billion, a P/E ratio of -14.61 and a beta of 1.35. The firm has a 50 day moving average of $158.67 and a two-hundred day moving average of $156.08. The Boeing Company has a 1-year low of $113.02 and a 1-year high of $233.94.

Boeing (NYSE:BAGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The company had revenue of $16.68 billion during the quarter, compared to analysts’ expectations of $17.53 billion. During the same period in the prior year, the company posted $0.40 EPS. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -1.95 EPS for the current fiscal year.

Boeing Company Profile

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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