The Boeing Company $BA Shares Sold by Nwam LLC

Nwam LLC lowered its holdings in The Boeing Company (NYSE:BAFree Report) by 8.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,293 shares of the aircraft producer’s stock after selling 4,234 shares during the period. Boeing comprises 0.7% of Nwam LLC’s holdings, making the stock its 18th biggest holding. Nwam LLC’s holdings in Boeing were worth $10,450,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Harbor Asset Planning Inc. bought a new position in shares of Boeing in the second quarter valued at $25,000. Piscataqua Savings Bank grew its holdings in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Davis Capital Management acquired a new stake in shares of Boeing during the third quarter worth $33,000. Howard Hughes Medical Institute purchased a new stake in shares of Boeing during the second quarter valued at $34,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at $35,000. 64.82% of the stock is currently owned by institutional investors.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Boeing Stock Up 2.1%

Shares of BA opened at $247.62 on Friday. The firm has a market cap of $188.21 billion, a price-to-earnings ratio of -18.10, a price-to-earnings-growth ratio of 6.91 and a beta of 1.16. The company’s fifty day moving average is $207.51 and its 200-day moving average is $216.85. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $248.75.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same period in the previous year, the company earned ($10.44) EPS. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a research note on Tuesday, September 30th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research report on Thursday, October 30th. Citigroup increased their target price on Boeing from $265.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Research upgraded Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $237.46.

Get Our Latest Stock Analysis on BA

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Dana S. Deasy acquired 554 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were bought at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the acquisition, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.09% of the stock is currently owned by insiders.

Boeing Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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