CMG Global Holdings LLC Purchases 2,316 Shares of The Boeing Company (NYSE:BA)

CMG Global Holdings LLC raised its position in shares of The Boeing Company (NYSE:BA) by 16.7% during the third quarter, HoldingsChannel.com reports. The fund owned 16,190 shares of the aircraft producer’s stock after buying an additional 2,316 shares during the quarter. Boeing accounts for about 1.4% of CMG Global Holdings LLC’s holdings, making the stock its 20th biggest position. CMG Global Holdings LLC’s holdings in Boeing were worth $2,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Jennison Associates LLC increased its holdings in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after acquiring an additional 602,143 shares in the last quarter. ING Groep NV bought a new stake in shares of Boeing during the third quarter worth about $11,679,000. Lazari Capital Management Inc. increased its position in shares of Boeing by 55.7% during the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after acquiring an additional 8,309 shares in the last quarter. Atlanta Consulting Group Advisors LLC raised its holdings in shares of Boeing by 537.6% in the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 7,524 shares of the aircraft producer’s stock worth $1,144,000 after acquiring an additional 6,344 shares during the last quarter. Finally, Patten & Patten Inc. TN boosted its position in shares of Boeing by 19.8% during the third quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock valued at $3,741,000 after buying an additional 4,065 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA opened at $149.27 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54. The stock’s 50-day simple moving average is $151.70 and its 200 day simple moving average is $168.42.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($3.26) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -16.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on BA. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday, October 15th. Citigroup reduced their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. The Goldman Sachs Group lowered their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Finally, TD Cowen decreased their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $190.37.

About Boeing

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.