CFO4Life Group LLC Raises Holdings in The Boeing Company $BA

CFO4Life Group LLC increased its position in The Boeing Company (NYSE:BA) by 60.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,276 shares of the aircraft producer’s stock after buying an additional 858 shares during the period. CFO4Life Group LLC’s holdings in Boeing were worth $477,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Harbor Asset Planning Inc. bought a new stake in Boeing in the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank grew its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Boeing in the second quarter worth $35,000. IMG Wealth Management Inc. raised its stake in Boeing by 159.4% during the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares in the last quarter. Finally, Legacy Investment Solutions LLC bought a new position in Boeing during the second quarter valued at $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $194.45 on Friday. The firm has a market capitalization of $147.80 billion, a PE ratio of -14.21 and a beta of 1.44. The business has a 50 day simple moving average of $212.85 and a two-hundred day simple moving average of $214.45. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter last year, the firm posted ($10.44) EPS. The business’s revenue for the quarter was up 30.4% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In related news, Director Mortimer J. Buckley acquired 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director directly owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a report on Thursday, October 30th. Jefferies Financial Group set a $255.00 price objective on Boeing in a research note on Tuesday, September 30th. Loop Capital set a $223.00 price objective on Boeing in a research note on Monday, November 3rd. Zacks Research downgraded Boeing from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. decreased their price target on Boeing from $251.00 to $240.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $240.30.

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.