MTM Investment Management LLC Takes $200,000 Position in The Boeing Company $BA

MTM Investment Management LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 956 shares of the aircraft producer’s stock, valued at approximately $200,000.

Other large investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Boeing during the 2nd quarter valued at $378,459,000. Vanguard Group Inc. lifted its holdings in Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after purchasing an additional 1,212,327 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Boeing by 3,581.5% during the second quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after acquiring an additional 692,489 shares during the last quarter. Rovida Advisors Inc. bought a new position in shares of Boeing during the 2nd quarter valued at about $129,231,000. Finally, Strs Ohio purchased a new position in Boeing during the 1st quarter valued at approximately $98,984,000. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Boeing

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

Boeing Price Performance

BA stock opened at $194.45 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The firm’s 50-day moving average is $212.85 and its 200 day moving average is $214.68. The company has a market capitalization of $147.80 billion, a PE ratio of -14.21 and a beta of 1.44.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the prior year, the company earned ($10.44) EPS. Boeing’s quarterly revenue was up 30.4% on a year-over-year basis. Sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Susquehanna reduced their price objective on Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a research note on Wednesday. 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. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 24th. Citigroup reiterated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 target price on shares of Boeing in a report on Monday, September 29th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $240.30.

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.