Chilton Capital Management LLC Raises Position in The Boeing Company $BA

Chilton Capital Management LLC boosted its position in shares of The Boeing Company (NYSE:BA) by 29.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 292 shares of the aircraft producer’s stock after buying an additional 67 shares during the period. Chilton Capital Management LLC’s holdings in Boeing were worth $61,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new position in shares of Boeing during the 2nd quarter valued at about $25,000. Piscataqua Savings Bank increased its position in Boeing by 1,712.5% during the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the last quarter. 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 worth $38,000 after purchasing an additional 110 shares during the period. Monetary Management Group Inc. boosted its holdings in Boeing by 33.3% in the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares during the last quarter. Finally, Keener Financial Planning LLC purchased a new stake in shares of Boeing in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on BA. UBS Group set a $280.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Wednesday, July 30th. Barclays lifted their target price on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research note on Friday. Vertical Research raised Boeing from a “hold” rating to a “buy” rating and raised their price objective for the stock from $242.00 to $270.00 in a research report on Monday, September 8th. Finally, Bank of America upped their target price on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $242.32.

Insider Activity at Boeing

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction 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 approximately $497,420. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

Boeing Stock Up 1.5%

Shares of BA stock opened at $221.13 on Monday. The firm has a 50 day moving average of $221.68 and a two-hundred day moving average of $210.85. The stock has a market capitalization of $167.21 billion, a PE ratio of -13.39 and a beta of 1.47. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. Boeing’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($2.90) earnings per share. Analysts expect that The Boeing Company will post -2.58 EPS 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.