Callan Family Office LLC Raises Stock Position in The Boeing Company $BA

Callan Family Office LLC grew its holdings in The Boeing Company (NYSE:BA) by 239.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,111 shares of the aircraft producer’s stock after acquiring an additional 22,657 shares during the period. Callan Family Office LLC’s holdings in Boeing were worth $6,728,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Capital Advisors Ltd. LLC raised its stake in shares of Boeing by 16.8% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 916 shares of the aircraft producer’s stock valued at $192,000 after acquiring an additional 132 shares during the period. Leo Wealth LLC increased its stake in Boeing by 37.6% during the 2nd quarter. Leo Wealth LLC now owns 2,592 shares of the aircraft producer’s stock worth $543,000 after buying an additional 708 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new stake in Boeing during the 2nd quarter worth $62,859,000. US Bancorp DE increased its stake in Boeing by 8.1% during the 2nd quarter. US Bancorp DE now owns 262,288 shares of the aircraft producer’s stock worth $54,957,000 after buying an additional 19,636 shares during the period. Finally, Tandem Capital Management Corp ADV increased its stake in Boeing by 3.2% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 14,692 shares of the aircraft producer’s stock worth $3,078,000 after buying an additional 456 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $216.48 on Friday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The company has a 50-day simple moving average of $224.51 and a 200-day simple moving average of $205.99. The firm has a market capitalization of $163.69 billion, a PE ratio of -13.11 and a beta of 1.47.

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

Analyst Ratings Changes

BA has been the topic of several analyst reports. UBS Group set a $280.00 price target on shares of Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, June 12th. Susquehanna reaffirmed a “positive” rating and set a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Finally, Vertical Research raised shares of 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 report on Monday, September 8th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $233.91.

Insider Activity

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

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.