CMG Global Holdings LLC Has $4.85 Million Stake in The Boeing Company (NYSE:BA)

CMG Global Holdings LLC grew its position in shares of The Boeing Company (NYSE:BA) by 71.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,744 shares of the aircraft producer’s stock after buying an additional 11,554 shares during the quarter. Boeing makes up about 2.7% of CMG Global Holdings LLC’s investment portfolio, making the stock its 10th biggest position. CMG Global Holdings LLC’s holdings in Boeing were worth $4,850,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BA. Sugar Maple Asset Management LLC bought a new stake in Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. Cedar Wealth Management LLC bought a new position in Boeing in the 3rd quarter worth approximately $30,000. Finally, Planning Capital Management Corp lifted its holdings in Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 3.3 %

BA opened at $179.47 on Friday. The firm’s fifty day simple moving average is $168.24 and its 200 day simple moving average is $164.26. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. On average, research analysts predict that The Boeing Company will post -1.61 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BA shares. Citigroup dropped their target price on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.00.

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.