Chris Bulman Inc Makes New Investment in The Boeing Company (NYSE:BA)

Chris Bulman Inc purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 754 shares of the aircraft producer’s stock, valued at approximately $137,000.

A number of other institutional investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing during the 4th quarter worth about $26,000. Vima LLC bought a new position in Boeing in the 4th quarter worth approximately $34,000. Accent Capital Management LLC acquired a new position in shares of Boeing during the fourth quarter worth approximately $39,000. Frank Rimerman Advisors LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $48,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Boeing in the second quarter worth $34,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $157.62 on Friday. The stock’s 50 day simple moving average is $176.53 and its 200 day simple moving average is $180.65. The Boeing Company has a one year low of $156.70 and a one year high of $267.54. The firm has a market cap of $96.76 billion, a PE ratio of -44.40 and a beta of 1.57.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the previous year, the firm earned ($0.82) EPS. The business’s revenue was down 14.6% on a year-over-year basis. As a group, equities analysts expect that The Boeing Company will post -4.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on BA. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. UBS Group cut their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Stifel Nicolaus lifted their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $119.00 price target (down previously from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Finally, 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. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $211.29.

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.