The Boeing Company $BA Shares Sold by Rheos Capital Works Inc.

Rheos Capital Works Inc. cut its stake in The Boeing Company (NYSE:BA) by 51.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 211,400 shares of the aircraft producer’s stock after selling 225,000 shares during the period. Boeing accounts for about 2.9% of Rheos Capital Works Inc.’s portfolio, making the stock its 9th largest position. Rheos Capital Works Inc.’s holdings in Boeing were worth $45,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC boosted its stake in Boeing by 3.1% in the 4th quarter. Flagship Harbor Advisors LLC now owns 4,309 shares of the aircraft producer’s stock worth $936,000 after purchasing an additional 128 shares in the last quarter. Paragon Financial Partners Inc. boosted its stake in Boeing by 10.8% in the 4th quarter. Paragon Financial Partners Inc. now owns 2,050 shares of the aircraft producer’s stock worth $445,000 after purchasing an additional 200 shares in the last quarter. Newbridge Financial Services Group Inc. boosted its stake in Boeing by 26.1% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 5,742 shares of the aircraft producer’s stock worth $1,247,000 after purchasing an additional 1,187 shares in the last quarter. Kraematon Investment Advisors Inc. boosted its stake in Boeing by 18.5% in the 4th quarter. Kraematon Investment Advisors Inc. now owns 4,095 shares of the aircraft producer’s stock worth $889,000 after purchasing an additional 640 shares in the last quarter. Finally, Portside Wealth Group LLC boosted its stake in Boeing by 15.4% in the 4th quarter. Portside Wealth Group LLC now owns 22,342 shares of the aircraft producer’s stock worth $4,851,000 after purchasing an additional 2,981 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

BA opened at $212.32 on Tuesday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $254.35. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37. The firm has a market capitalization of $166.74 billion, a PE ratio of 105.63 and a beta of 1.13. The firm has a 50 day moving average of $222.43 and a two-hundred day moving average of $216.42.

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

Analyst Ratings Changes

A number of analysts recently commented on BA shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a research note on Wednesday, January 28th. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. TD Cowen reissued a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Vertical Research reissued a “buy” rating and set a $281.00 price target on shares of Boeing in a research report on Tuesday, January 27th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $252.48.

Insider Activity

In other news, SVP Ann M. Schmidt sold 6,281 shares of Boeing stock in a transaction that occurred on 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 transaction, the senior vice president directly owned 13,978 shares of the company’s stock, valued at $3,401,825.86. The trade was a 31.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mortimer J. Buckley bought 2,230 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the acquisition, the director owned 4,430 shares in the company, valued at approximately $993,206. This represents a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 21,012 shares of company stock valued at $4,980,687 in the last quarter. Company insiders own 0.10% of the company’s stock.

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.