Stratos Wealth Advisors LLC Has $1.78 Million Stock Position in The Boeing Company $BA

Stratos Wealth Advisors LLC raised its stake in The Boeing Company (NYSE:BAFree Report) by 37.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,255 shares of the aircraft producer’s stock after acquiring an additional 2,247 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Boeing were worth $1,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the fourth quarter worth $201,000. Sivia Capital Partners LLC raised its holdings in Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after purchasing an additional 217 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Boeing by 11.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 124,176 shares of the aircraft producer’s stock worth $26,051,000 after buying an additional 12,540 shares during the last quarter. MGO One Seven LLC lifted its holdings in Boeing by 14.7% in the second quarter. MGO One Seven LLC now owns 9,699 shares of the aircraft producer’s stock valued at $2,032,000 after buying an additional 1,240 shares during the period. Finally, Vest Financial LLC boosted its stake in Boeing by 39.2% in the second quarter. Vest Financial LLC now owns 15,700 shares of the aircraft producer’s stock valued at $3,290,000 after acquiring an additional 4,425 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Insider Activity

In other news, EVP Uma M. Amuluru sold 2,731 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total transaction of $644,516.00. Following the sale, the executive vice president owned 11,925 shares in the company, valued at $2,814,300. This represents a 18.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Dana S. Deasy acquired 554 shares of the stock in a transaction dated Monday, November 24th. The shares were purchased at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the purchase, the senior vice president directly owned 28,442 shares in the company, valued at $5,087,704.96. The trade was a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on BA. Loop Capital set a $223.00 target price on shares of Boeing in a report on Monday, November 3rd. Morgan Stanley set a $245.00 price objective on Boeing in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Thursday, October 30th. Royal Bank Of Canada boosted their target price on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.14.

Get Our Latest Stock Analysis on BA

Boeing Stock Down 2.4%

NYSE:BA opened at $236.65 on Thursday. The stock has a 50-day simple moving average of $227.35 and a 200 day simple moving average of $219.21. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $254.35. The company has a market cap of $185.85 billion, a PE ratio of 117.74 and a beta of 1.15. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $10.32. The business had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $22.41 billion. Boeing’s revenue was up 57.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($5.90) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

About Boeing

(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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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