CHURCHILL MANAGEMENT Corp Makes New $1.15 Million Investment in The Boeing Company $BA

CHURCHILL MANAGEMENT Corp purchased a new stake in shares of The Boeing Company (NYSE:BA) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,487 shares of the aircraft producer’s stock, valued at approximately $1,150,000.

A number of other hedge funds have also recently made changes to their positions in BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $201,000. Merit Financial Group LLC boosted its position in shares of Boeing by 9.1% during the first quarter. Merit Financial Group LLC now owns 18,511 shares of the aircraft producer’s stock worth $3,157,000 after acquiring an additional 1,551 shares during the last quarter. ST Germain D J Co. Inc. grew its stake in Boeing by 9.4% during the first quarter. ST Germain D J Co. Inc. now owns 1,624 shares of the aircraft producer’s stock valued at $277,000 after acquiring an additional 140 shares in the last quarter. HBW Advisory Services LLC increased its holdings in Boeing by 4.3% in the 1st quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer’s stock valued at $266,000 after acquiring an additional 64 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Boeing by 17.4% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,188 shares of the aircraft producer’s stock worth $885,000 after purchasing an additional 769 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This represents a 9.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the purchase, the director owned 2,200 shares of the company’s stock, valued at $497,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.09% of the company’s stock.

Boeing Price Performance

NYSE:BA opened at $217.12 on Friday. The firm has a market capitalization of $164.18 billion, a price-to-earnings ratio of -13.15 and a beta of 1.47. The business has a 50 day simple moving average of $225.39 and a 200-day simple moving average of $204.38. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA) last released its quarterly 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 during the quarter, compared to the consensus estimate of $20.13 billion. The business’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.90) EPS. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of a number of research analyst reports. Rothschild & Co Redburn upgraded Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective for the company in a research report on Friday, June 27th. Susquehanna reissued a “positive” rating and set a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Barclays raised their price target on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. UBS Group set a $280.00 price objective on Boeing and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, Citigroup reissued a “buy” rating on shares of Boeing in a report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $233.91.

Boeing Company 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.