CMG Global Holdings LLC Has $13.30 Million Stake in The Boeing Company $BA

CMG Global Holdings LLC lifted its stake in The Boeing Company (NYSE:BA) by 21.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 56,349 shares of the aircraft producer’s stock after purchasing an additional 10,073 shares during the period. Boeing accounts for 6.0% of CMG Global Holdings LLC’s holdings, making the stock its 3rd biggest position. CMG Global Holdings LLC’s holdings in Boeing were worth $13,296,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the third quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new stake in shares of Boeing in the fourth quarter worth approximately $26,000. Strategic Wealth Advisors LLC bought a new stake in shares of Boeing in the fourth quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Boeing during the fourth quarter valued at approximately $28,000. Finally, American National Bank & Trust grew its position in Boeing by 124.2% during the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 77 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Shares of NYSE BA opened at $220.63 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The firm has a market capitalization of $173.92 billion, a price-to-earnings ratio of 107.10 and a beta of 1.21. The firm has a 50 day moving average of $217.61 and a 200 day moving average of $218.34.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the prior year, the firm earned ($0.49) EPS. Boeing’s revenue for the quarter was up 14.0% compared to the same quarter last year. On average, research analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Ann M. Schmidt sold 6,281 shares of Boeing stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the transaction, the senior vice president owned 13,978 shares of the company’s stock, valued at $3,401,825.86. The trade was a 31.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mortimer J. Buckley purchased 2,230 shares of the stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the acquisition, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This represents a 101.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Argus upgraded shares of Boeing to a “hold” rating in a research report on Monday, February 2nd. Vertical Research restated a “buy” rating and set a $281.00 target price on shares of Boeing in a research report on Tuesday, January 27th. Finally, TD Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.60.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China’s reported agreement to buy 200 Boeing aircraft is still a meaningful commercial win and could help Boeing’s backlog and long-term sales outlook. Reuters: Trump says China to potentially buy 750 Boeing planes
• Positive Sentiment: Trump suggested the initial commitment could grow substantially, raising the possibility of a much larger follow-on order if talks progress. NYT/related coverage: Trump Announces Boeing Jet Order From China. Beijing Stays Silent.
• Neutral Sentiment: The deal remains vague, with no clear confirmation from Beijing and limited information on delivery timing, making it hard for investors to assess the financial impact. Bloomberg: Boeing Gets China Deal at Trump’s Visit, With Many Questions
• Negative Sentiment: The market had been expecting a much bigger order, so the reported 200-jet commitment disappointed traders and triggered a selloff in the shares. MarketWatch: Boeing’s stock drops as Trump’s order deal with China disappoints
• Negative Sentiment: Separate headlines about a $49.5 million jury verdict tied to the 737 Max crash add to Boeing’s ongoing legal and reputational overhang. Fortune: Jury awards $49.5 million to family of 24-year-old who died in Boeing 737 Max crash in 2019

Boeing Profile

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.