The Boeing Company $BA Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in The Boeing Company (NYSE:BA) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,529,417 shares of the aircraft producer’s stock after acquiring an additional 756,057 shares during the period. Vanguard Group Inc. owned 8.88% of Boeing worth $14,574,874,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Providence Financial Advisors LLC bought a new position in shares of Boeing during the third quarter worth about $343,000. Pallas Capital Advisors LLC raised its stake in Boeing by 10.8% during the third quarter. Pallas Capital Advisors LLC now owns 3,821 shares of the aircraft producer’s stock valued at $825,000 after buying an additional 372 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in Boeing by 4.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 263,677 shares of the aircraft producer’s stock worth $56,909,000 after buying an additional 10,125 shares during the last quarter. Calton & Associates Inc. grew its position in shares of Boeing by 15.5% in the 3rd quarter. Calton & Associates Inc. now owns 2,714 shares of the aircraft producer’s stock worth $586,000 after acquiring an additional 364 shares in the last quarter. Finally, Hardy Reed LLC bought a new stake in shares of Boeing in the 3rd quarter valued at approximately $904,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. New Street Research set a $257.00 target price on shares of Boeing in a report on Tuesday, December 9th. Jefferies Financial Group upped their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Sunday, February 1st. Susquehanna reissued a “positive” rating and issued a $280.00 target price on shares of Boeing in a research report on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target for the company. in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $246.14.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 2,731 shares of Boeing stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total transaction of $644,516.00. Following the completion of the sale, the executive vice president directly owned 11,925 shares in the company, valued at $2,814,300. The trade was a 18.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $233.99, for a total value of $2,456,193.03. Following the completion of the sale, the executive vice president directly owned 14,692 shares of the company’s stock, valued at approximately $3,437,781.08. The trade was a 41.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.09% of the company’s stock.

Boeing Stock Up 1.5%

BA stock opened at $242.96 on Monday. The company has a 50 day moving average of $228.92 and a two-hundred day moving average of $219.30. The company has a market cap of $190.80 billion, a price-to-earnings ratio of 120.87 and a beta of 1.15. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $254.35. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The company had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. During the same period last year, the company posted ($5.90) earnings per share. The company’s revenue was up 57.1% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing Profile

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.