Cheviot Value Management LLC Invests $475,000 in Boeing Co (BA)

Cheviot Value Management LLC bought a new position in Boeing Co (NYSE:BA) during the fourth quarter, Holdings Channel reports. The institutional investor bought 3,051 shares of the aircraft producer’s stock, valued at approximately $475,000.

Other institutional investors have also recently modified their holdings of the company. Baker Boyer National Bank increased its position in Boeing by 5.7% in the third quarter. Baker Boyer National Bank now owns 4,387 shares of the aircraft producer’s stock valued at $578,000 after buying an additional 237 shares in the last quarter. Raymond James Trust N.A. increased its position in Boeing by 0.8% in the third quarter. Raymond James Trust N.A. now owns 22,057 shares of the aircraft producer’s stock valued at $2,906,000 after buying an additional 174 shares in the last quarter. Jacobs & Co. CA increased its position in Boeing by 2.4% in the third quarter. Jacobs & Co. CA now owns 58,655 shares of the aircraft producer’s stock valued at $7,727,000 after buying an additional 1,363 shares in the last quarter. Fisher Asset Management LLC increased its position in Boeing by 35.1% in the third quarter. Fisher Asset Management LLC now owns 290,778 shares of the aircraft producer’s stock valued at $38,307,000 after buying an additional 75,528 shares in the last quarter. Finally, Naples Global Advisors LLC increased its position in Boeing by 1.1% in the third quarter. Naples Global Advisors LLC now owns 24,216 shares of the aircraft producer’s stock valued at $3,190,000 after buying an additional 271 shares in the last quarter. Institutional investors and hedge funds own 74.66% of the company’s stock.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Boeing Co (NYSE:BA) opened at 175.82 on Friday. The stock has a 50 day moving average of $175.28 and a 200-day moving average of $153.59. Boeing Co has a 12-month low of $122.35 and a 12-month high of $185.71. The company has a market cap of $107.69 billion, a PE ratio of 23.10 and a beta of 1.08.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.13. Boeing had a return on equity of 239.48% and a net margin of 5.18%. The company earned $23.30 billion during the quarter, compared to analyst estimates of $23.25 billion. During the same quarter last year, the firm posted $1.60 EPS. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. On average, equities research analysts anticipate that Boeing Co will post $9.30 earnings per share for the current fiscal year.

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Several research firms have commented on BA. Vetr upgraded shares of Boeing from a “sell” rating to a “hold” rating and set a $153.66 price objective on the stock in a report on Thursday, December 22nd. Barclays PLC upped their price objective on shares of Boeing from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, January 17th. Canaccord Genuity reiterated a “hold” rating and issued a $162.00 price objective (up from $150.00) on shares of Boeing in a report on Sunday, January 29th. Deutsche Bank AG restated a “buy” rating and issued a $175.00 price target on shares of Boeing in a research note on Wednesday, December 14th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $165.00 price target on shares of Boeing in a research note on Tuesday, December 13th. Six investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $159.50.

In related news, SVP Thomas J. Downey sold 1,000 shares of Boeing stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $163.93, for a total value of $163,930.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP J Michael Luttig sold 102,080 shares of Boeing stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $166.76, for a total value of $17,022,860.80. The disclosure for this sale can be found here. In the last three months, insiders sold 206,827 shares of company stock valued at $34,170,203. 0.58% of the stock is currently owned by insiders.

About Boeing

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

5 Day Chart for NYSE:BA

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