The Boeing Company $BA Holdings Cut by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 18.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,029,822 shares of the aircraft producer’s stock after selling 225,816 shares during the period. SG Americas Securities LLC’s holdings in Boeing were worth $223,595,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in BA. Revolve Wealth Partners LLC acquired a new position in Boeing during the fourth quarter worth $201,000. Sivia Capital Partners LLC increased its holdings in shares of 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 period. Ameritas Investment Partners Inc. increased its stake in Boeing by 133.6% during the second quarter. Ameritas Investment Partners Inc. now owns 16,696 shares of the aircraft producer’s stock valued at $3,498,000 after acquiring an additional 9,550 shares during the period. Longfellow Investment Management Co. LLC bought a new stake in shares of Boeing during the second quarter valued at approximately $3,179,000. Finally, Summit Global Investments bought a new stake in Boeing in the 2nd quarter valued at $203,000. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BA. Wolfe Research reissued an “outperform” rating on shares of Boeing in a report on Tuesday, January 27th. Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Thursday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Finally, New Street Research set a $257.00 target price on Boeing in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $248.86.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 1,503 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the transaction, the executive vice president directly owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. This represents a 7.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total value of $1,528,606.97. Following the transaction, the senior vice president owned 13,978 shares of the company’s stock, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,012 shares of company stock worth $4,980,687 over the last three months. 0.10% of the stock is currently owned by insiders.

Boeing Price Performance

Shares of BA opened at $198.55 on Tuesday. The stock has a 50 day simple moving average of $231.95 and a 200 day simple moving average of $217.89. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $254.35. 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 firm has a market capitalization of $155.93 billion, a PE ratio of 98.78 and a beta of 1.14.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, topping the consensus estimate of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. During the same quarter last year, the business posted ($5.90) earnings per share. The business’s quarterly revenue was up 57.1% on a year-over-year basis. Sell-side analysts predict that The Boeing Company will post -2.58 EPS 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.