Cahill Financial Advisors Inc. Takes $227,000 Position in The Boeing Company $BA

Cahill Financial Advisors Inc. purchased a new position in The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,083 shares of the aircraft producer’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BA. Vestcor Inc grew its position in Boeing by 9.0% during the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after purchasing an additional 1,195 shares in the last quarter. National Pension Service boosted its stake in shares of Boeing by 19.6% during the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after buying an additional 218,049 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Boeing during the 2nd quarter valued at $62,859,000. Kelman Lazarov Inc. acquired a new position in shares of Boeing in the first quarter worth $262,000. Finally, Vanguard Group Inc. raised its holdings in shares of Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after acquiring an additional 1,212,327 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 0.1%

Shares of BA stock opened at $194.74 on Tuesday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a market cap of $148.02 billion, a PE ratio of -14.24 and a beta of 1.44. The business’s 50 day moving average is $215.84 and its two-hundred day moving average is $214.51.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the firm earned ($10.44) EPS. The company’s revenue was up 30.4% compared to the same quarter last year. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BA. Sanford C. Bernstein boosted their target price on Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and boosted their price target for the company from $242.00 to $270.00 in a research note on Monday, September 8th. UBS Group restated a “buy” rating on shares of Boeing in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research note on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $241.80.

Insiders Place Their Bets

In other Boeing news, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. The SEC filing for this sale provides additional information. 0.09% of the stock is owned by insiders.

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.