Cambridge Financial Group Inc. Acquires 1,460 Shares of Boeing Co (NYSE:BA)

Cambridge Financial Group Inc. increased its holdings in Boeing Co (NYSE:BA) by 9.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,409 shares of the aircraft producer’s stock after purchasing an additional 1,460 shares during the period. Boeing makes up about 1.8% of Cambridge Financial Group Inc.’s investment portfolio, making the stock its 28th largest position. Cambridge Financial Group Inc.’s holdings in Boeing were worth $2,596,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cigna Investments Inc. New increased its position in Boeing by 6.4% in the first quarter. Cigna Investments Inc. New now owns 15,046 shares of the aircraft producer’s stock worth $2,244,000 after purchasing an additional 910 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in Boeing by 5.4% in the first quarter. Sequoia Financial Advisors LLC now owns 9,153 shares of the aircraft producer’s stock worth $1,365,000 after purchasing an additional 472 shares during the last quarter. MainStreet Investment Advisors LLC increased its position in Boeing by 140.9% in the first quarter. MainStreet Investment Advisors LLC now owns 4,686 shares of the aircraft producer’s stock worth $699,000 after purchasing an additional 2,741 shares during the last quarter. Banco Santander S.A. increased its position in Boeing by 330.7% during the first quarter. Banco Santander S.A. now owns 584,178 shares of the aircraft producer’s stock valued at $87,125,000 after acquiring an additional 448,540 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Boeing by 20.2% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 294,665 shares of the aircraft producer’s stock valued at $43,946,000 after acquiring an additional 49,596 shares during the last quarter. Institutional investors own 65.59% of the company’s stock.

BA has been the topic of a number of analyst reports. Norddeutsche Landesbank cut shares of Boeing to a “sell” rating and set a $110.00 price objective on the stock. in a research report on Tuesday, May 5th. TheStreet cut shares of Boeing from a “c-” rating to a “d” rating in a research report on Wednesday, April 29th. Zacks Investment Research cut shares of Boeing from a “hold” rating to a “sell” rating and set a $146.00 price objective on the stock. in a research report on Friday, April 24th. Citigroup cut shares of Boeing from a “buy” rating to a “neutral” rating and set a $175.00 price objective on the stock. in a research report on Monday, April 20th. Finally, Credit Suisse Group cut their price objective on shares of Boeing from $367.00 to $187.00 and set a “neutral” rating on the stock in a research report on Friday, March 27th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $231.04.

NYSE:BA traded down $1.47 during mid-day trading on Friday, reaching $137.53. The company’s stock had a trading volume of 21,072,749 shares, compared to its average volume of 33,287,024. Boeing Co has a 1 year low of $89.00 and a 1 year high of $391.00. The stock has a fifty day moving average of $135.22 and a 200-day moving average of $264.07. The firm has a market capitalization of $78.44 billion, a PE ratio of -22.69 and a beta of 1.45.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($2.04) by $0.34. Boeing had a negative net margin of 4.84% and a negative return on equity of 3.08%. The company had revenue of $16.91 billion during the quarter, compared to analyst estimates of $16.90 billion. During the same period in the prior year, the firm earned $3.16 earnings per share. The firm’s revenue for the quarter was down 26.2% compared to the same quarter last year. As a group, equities analysts forecast that Boeing Co will post -5.05 earnings per share for the current year.

Boeing Company 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.

Featured Article: How to invest in a bear market

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.