Curbstone Financial Management Corp Makes New $489,000 Investment in The Boeing Company $BA

Curbstone Financial Management Corp bought a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, Holdings Channel reports. The firm bought 2,336 shares of the aircraft producer’s stock, valued at approximately $489,000.

A number of other hedge funds have also recently made changes to their positions in BA. Harbor Asset Planning Inc. bought a new stake in Boeing during the second quarter valued at about $25,000. Piscataqua Savings Bank boosted 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 valued at $30,000 after purchasing an additional 137 shares in the last quarter. Monetary Management Group Inc. boosted its position in Boeing by 33.3% during the first 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 in the last quarter. Keener Financial Planning LLC bought a new stake in Boeing during the second quarter valued at about $41,000. Finally, Columbia River Financial Group LLC bought a new stake in Boeing during the first quarter valued at about $50,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Up 0.6%

Boeing stock opened at $213.09 on Friday. The firm has a market cap of $161.13 billion, a price-to-earnings ratio of -12.91 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. The business’s 50-day moving average price is $223.10 and its 200 day moving average price is $207.83.

Boeing (NYSE:BA) last posted its 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 company had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter last year, the business posted ($2.90) earnings per share. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In related news, Director Mortimer J. Buckley bought 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased 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. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Jefferies Financial Group set a $255.00 price objective on Boeing in a research report on Tuesday, September 30th. Redburn Atlantic upgraded Boeing from a “hold” rating to a “strong-buy” rating and increased their price target for the company from $180.00 to $275.00 in a research note on Friday, June 27th. KGI Securities upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 24th. Barclays increased their price target on Boeing from $210.00 to $255.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. increased their price target on Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $240.20.

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.