CMH Wealth Management LLC Acquires 23,372 Shares of The Boeing Company (NYSE:BA)

CMH Wealth Management LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 71.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,167 shares of the aircraft producer’s stock after buying an additional 23,372 shares during the period. Boeing accounts for about 2.3% of CMH Wealth Management LLC’s investment portfolio, making the stock its 13th biggest holding. CMH Wealth Management LLC’s holdings in Boeing were worth $9,942,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the third quarter worth $30,000. Planning Capital Management Corp raised its holdings in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the period. Truvestments Capital LLC bought a new position in shares of Boeing during the third quarter worth $58,000. Finally, Fairscale Capital LLC bought a new stake in shares of Boeing in the 2nd quarter valued at $59,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 1.3 %

BA stock opened at $171.14 on Tuesday. The company has a market cap of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The business has a 50 day moving average price of $163.15 and a two-hundred day moving average price of $164.61.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm posted ($3.26) EPS. The company’s revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Jefferies Financial Group decreased their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, October 15th. UBS Group cut their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group lowered their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

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.