The Boeing Company $BA Stock Position Lessened by Private Advisory Group LLC

Private Advisory Group LLC cut its position in shares of The Boeing Company (NYSE:BA) by 72.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,472 shares of the aircraft producer’s stock after selling 3,870 shares during the quarter. Private Advisory Group LLC’s holdings in Boeing were worth $274,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Highland Investment Advisors LLC bought a new stake in Boeing in the 2nd quarter worth approximately $26,000. Strategic Wealth Advisors LLC bought a new position in Boeing during the second quarter valued at approximately $27,000. Bell Investment Advisors Inc bought a new position in Boeing during the second quarter valued at approximately $29,000. Security National Bank of SO Dak purchased a new position in shares of Boeing during the second quarter worth approximately $30,000. Finally, Retirement Wealth Solutions LLC raised its stake in shares of Boeing by 3,575.0% during the third quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock worth $27,000 after acquiring an additional 143 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Key Boeing News

Investors following BA have been watching these news items:

• Negative Sentiment: Options traders bought 145,457 put contracts, 65% above average volume—possibly signaling increased hedging or bearish expectations, though options activity is not conclusive. Article: Boeing Unusual Options Trading
• Negative Sentiment: ETFs were net sellers of $25.2 million in Boeing shares on Nov. 11, adding to evidence of near-term selling pressure. Article: ETFs Are Net Sellers of Boeing
• Negative Sentiment: A law firm announced an investigation into possible securities violations and is seeking information from investors who suffered losses. The announcement is not a finding of wrongdoing, but may add reputational and legal uncertainty. Article: Kaplan Fox Investigates Boeing

Analyst Ratings Changes

BA has been the subject of a number of recent research reports. Sanford C. Bernstein lowered their price objective on shares of Boeing from $278.00 to $223.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. Wolfe Research raised shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. Rothschild & Co Redburn lifted their target price on shares of Boeing from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Deutsche Bank boosted their price target on shares of Boeing from $244.00 to $248.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Finally, Citigroup lowered shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $247.88.

Boeing Trading Down 0.1%

Boeing stock traded down $0.10 during trading hours on Friday, reaching $171.45. The company had a trading volume of 5,291,906 shares, compared to its average volume of 10,606,441. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The company has a 50-day moving average price of $188.81 and a 200 day moving average price of $213.49. The firm has a market cap of $135.86 billion, a price-to-earnings ratio of 18.66 and a beta of 1.34. The Boeing Company has a 12-month low of $165.01 and a 12-month high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The company had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($7.47) EPS. Equities analysts forecast that The Boeing Company will post -1.84 earnings per share for the current year.

Insider Transactions at Boeing

In other news, EVP David Raymond sold 2,994 shares of the business’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $174.91, for a total transaction of $523,680.54. Following the transaction, the executive vice president directly owned 38,456 shares of the company’s stock, valued at approximately $6,726,338.96. The trade was a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mortimer Buckley bought 5,820 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average price of $171.55 per share, with a total value of $998,421.00. Following the acquisition, the director owned 10,250 shares of the company’s stock, valued at $1,758,387.50. This represents a 131.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.10% of the company’s stock.

Boeing Company Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.