CMH Wealth Management LLC Acquires 2,908 Shares of The Boeing Company $BA

CMH Wealth Management LLC raised its holdings in The Boeing Company (NYSE:BA) by 4.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 71,558 shares of the aircraft producer’s stock after acquiring an additional 2,908 shares during the period. Boeing accounts for 2.4% of CMH Wealth Management LLC’s portfolio, making the stock its 12th largest position. CMH Wealth Management LLC’s holdings in Boeing were worth $15,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. XML Financial LLC boosted its position in shares of Boeing by 0.5% in the fourth quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after acquiring an additional 43 shares during the period. Strait & Sound Wealth Management LLC increased its position in Boeing by 1.1% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer’s stock worth $850,000 after acquiring an additional 44 shares during the period. B.O.S.S. Retirement Advisors LLC increased its position in Boeing by 1.4% during the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock worth $632,000 after acquiring an additional 44 shares during the period. PKS Advisory Services LLC raised its stake in Boeing by 2.5% during the 4th quarter. PKS Advisory Services LLC now owns 1,839 shares of the aircraft producer’s stock valued at $399,000 after purchasing an additional 45 shares during the last quarter. Finally, Horizon Bancorp Inc. IN raised its stake in Boeing by 3.1% during the 1st quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer’s stock valued at $297,000 after purchasing an additional 45 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 0.9%

Shares of BA stock opened at $207.93 on Tuesday. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The stock has a fifty day moving average price of $220.34 and a 200 day moving average price of $220.95. The stock has a market cap of $164.34 billion, a P/E ratio of 90.01 and a beta of 1.21.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same period last year, the firm earned ($1.24) EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts predict that The Boeing Company will post -0.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BA shares. Robert W. Baird set a $300.00 price target on shares of Boeing in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Wolfe Research cut shares of Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada decreased their target price on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $272.58.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Contract negotiations will resume: Boeing and the union representing approximately 17,000 engineers and technical workers agreed to restart negotiations on September 8. Resuming talks could reduce the immediate risk of a work stoppage if the parties reach an agreement. Boeing, engineers union agree to resume contract talks on Sept 8, union says
• Positive Sentiment: 737 production is accelerating: Reports indicate Boeing’s 737 production line is operating at its fastest pace in years. Higher output could support aircraft deliveries, revenue, cash generation and backlog reduction, although investors remain focused on whether Boeing can sustain the pace while maintaining quality. Boeing Is Building 737s Faster Than It Has in Years. But Its Engineers Just Authorized an October Strike.
• Neutral Sentiment: Additional credit capacity improves financial flexibility: Boeing reportedly secured a new $3 billion facility and expanded total credit lines to about $10 billion. The liquidity provides a buffer against production or labor disruptions, but also underscores the company’s need to preserve cash and manage its heavy debt burden. Boeing secures $10B in total credit lines
• Neutral Sentiment: Finance leadership transition: Boeing appointed Ryan L. Shedd as senior vice president and controller, succeeding retiring executive Michael J. Cleary. The planned transition is not expected to materially alter near-term earnings, but financial reporting oversight remains important during Boeing’s recovery. Boeing names Ryan L. Shedd senior vice president and controller
• Negative Sentiment: Strike risk remains the main overhang: Engineers rejected Boeing’s four-year contract proposals by wide margins and authorized a potential strike. Existing contracts expire October 6, creating a risk that a walkout could interrupt engineering, production and certification work just as 737 output is improving. Boeing engineers authorize potential October strike
• Negative Sentiment: Delivery concerns temper the production news: Commentary warns that a faster build rate does not automatically translate into deliveries or cash flow if aircraft remain held for inspections, rework or customer acceptance. This keeps execution and quality-control risks central to the BA investment case. Boeing: Don’t Let the Delivery Drop Fool You

About Boeing

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.