Boeing Co (NYSE:BA) Shares Purchased by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC increased its stake in shares of Boeing Co (NYSE:BA) by 4.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,640 shares of the aircraft producer’s stock after purchasing an additional 150 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Boeing were worth $1,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Altfest L J & Co. Inc. purchased a new stake in Boeing during the 1st quarter worth about $1,117,000. Foundations Investment Advisors LLC purchased a new stake in Boeing during the 1st quarter worth about $233,000. Biltmore Wealth Management LLC purchased a new stake in Boeing during the 1st quarter worth about $614,000. LifePlan Financial Group Inc lifted its holdings in Boeing by 4.6% during the 1st quarter. LifePlan Financial Group Inc now owns 1,142 shares of the aircraft producer’s stock worth $436,000 after buying an additional 50 shares during the last quarter. Finally, Neville Rodie & Shaw Inc. lifted its holdings in Boeing by 7.9% during the 1st quarter. Neville Rodie & Shaw Inc. now owns 45,632 shares of the aircraft producer’s stock worth $17,404,000 after buying an additional 3,337 shares during the last quarter. 67.86% of the stock is owned by hedge funds and other institutional investors.

BA traded up $3.63 on Friday, hitting $375.70. 2,012,433 shares of the company traded hands, compared to its average volume of 3,902,974. The company has a 50 day moving average of $365.32 and a 200-day moving average of $362.42. The company has a quick ratio of 0.29, a current ratio of 1.03 and a debt-to-equity ratio of 48.98. The stock has a market capitalization of $210.98 billion, a PE ratio of 23.47, a PEG ratio of 11.10 and a beta of 1.25. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.85 by $1.07. The firm had revenue of $15.75 billion during the quarter, compared to the consensus estimate of $15.05 billion. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The firm’s revenue was down 35.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.33 EPS. On average, research analysts anticipate that Boeing Co will post 3.88 EPS for the current year.

A number of analysts have issued reports on the company. Bank of America set a $420.00 price target on Boeing and gave the stock a “hold” rating in a report on Thursday, June 27th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a report on Thursday, September 19th. Wolfe Research downgraded Boeing from an “outperform” rating to a “peer perform” rating and reduced their target price for the company from $404.00 to $393.00 in a report on Thursday, July 25th. UBS Group set a $470.00 target price on Boeing and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Buckingham Research set a $395.00 target price on Boeing and gave the company a “hold” rating in a report on Friday, September 27th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $403.33.

Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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