754 Shares in The Boeing Company (NYSE:BA) Purchased by Chris Bulman Inc

Chris Bulman Inc bought a new stake in shares of 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 bought 754 shares of the aircraft producer’s stock, valued at approximately $137,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing during the fourth quarter worth about $26,000. Vima LLC acquired a new stake in Boeing during the fourth quarter valued at approximately $34,000. Hobbs Group Advisors LLC bought a new stake in Boeing during the second quarter worth approximately $34,000. McClarren Financial Advisors Inc. grew its position in Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares during the last quarter. Finally, Bfsg LLC bought a new position in shares of Boeing in the first quarter valued at $39,000. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BA shares. Stifel Nicolaus raised their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America increased their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 price objective on shares of Boeing in a report on Tuesday, June 25th. Sanford C. Bernstein decreased their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Finally, Robert W. Baird dropped their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.29.

Boeing Price Performance

BA opened at $157.62 on Friday. The company has a market capitalization of $96.76 billion, a PE ratio of -44.40 and a beta of 1.57. The business has a 50-day moving average of $176.53 and a 200-day moving average of $180.65. The Boeing Company has a fifty-two week low of $156.70 and a fifty-two week high of $267.54.

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

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.