The Boeing Company $BA Shares Purchased by Legal & General Group Plc

Legal & General Group Plc increased its stake in shares of The Boeing Company (NYSE:BAFree Report) by 7.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,369,615 shares of the aircraft producer’s stock after purchasing an additional 223,995 shares during the period. Legal & General Group Plc’s holdings in Boeing were worth $727,264,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. purchased a new stake in shares of Boeing in the 3rd quarter valued at $32,000. Davis Capital Management acquired a new stake in shares of Boeing in the 3rd quarter valued at $33,000. Howard Hughes Medical Institute purchased a new stake in Boeing during the 2nd quarter worth about $34,000. Centerpoint Advisors LLC raised its holdings in Boeing by 62.4% during the third quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock worth $35,000 after purchasing an additional 63 shares in the last quarter. Finally, AlphaQuest LLC acquired a new stake in Boeing during the 3rd quarter worth $45,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Insider Buying and Selling at Boeing

In other Boeing news, Director Mortimer J. Buckley bought 2,230 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the transaction, the director owned 4,430 shares in the company, valued at approximately $993,206. The trade was a 101.36% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the completion of the sale, the senior vice president directly owned 13,978 shares in the company, valued at $3,401,825.86. This trade represents a 31.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 21,012 shares of company stock valued at $4,980,687. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of analyst reports. Citigroup reiterated a “buy” rating on shares of Boeing in a research report on Thursday, February 5th. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price objective on Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. UBS Group increased their target price on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $246.14.

Read Our Latest Stock Report on Boeing

Boeing Stock Down 2.7%

BA opened at $224.84 on Tuesday. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The company has a market cap of $176.58 billion, a price-to-earnings ratio of 111.86 and a beta of 1.14. The Boeing Company has a one year low of $128.88 and a one year high of $254.35. The business’s fifty day moving average is $235.85 and its two-hundred day moving average is $219.73.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to analysts’ expectations of $22.41 billion. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($5.90) EPS. Analysts anticipate 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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