Kovack Advisors Inc. Purchases 2,407 Shares of The Boeing Company $BA

Kovack Advisors Inc. increased its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 47.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,475 shares of the aircraft producer’s stock after buying an additional 2,407 shares during the quarter. Kovack Advisors Inc.’s holdings in Boeing were worth $1,613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alpha Cubed Investments LLC increased its position in shares of Boeing by 43.3% in the second quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock worth $754,000 after purchasing an additional 1,088 shares during the period. SteelPeak Wealth LLC grew its stake in Boeing by 50.4% during the third quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock worth $5,689,000 after buying an additional 8,833 shares in the last quarter. Vanguard Group Inc. increased its holdings in Boeing by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock valued at $13,991,022,000 after buying an additional 1,118,316 shares during the period. Patton Fund Management Inc. increased its holdings in Boeing by 734.4% in the 3rd quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock valued at $2,228,000 after buying an additional 9,085 shares during the period. Finally, Moors & Cabot Inc. raised its position in shares of Boeing by 7.1% in the 2nd quarter. Moors & Cabot Inc. now owns 21,990 shares of the aircraft producer’s stock valued at $4,607,000 after buying an additional 1,461 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the transaction, the senior vice president directly owned 13,978 shares in the company, valued at approximately $3,401,825.86. This represents a 31.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Dana S. Deasy acquired 554 shares of Boeing stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the purchase, the senior vice president owned 28,442 shares of the company’s stock, valued at $5,087,704.96. The trade was a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 19,509 shares of company stock valued at $4,629,316. 0.09% of the stock is owned by insiders.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Wall Street Analysts Forecast Growth

BA has been the topic of several analyst reports. Loop Capital set a $223.00 price target on shares of Boeing in a research report on Monday, November 3rd. Jefferies Financial Group raised 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. New Street Research set a $257.00 price target on Boeing in a research note on Tuesday, December 9th. Royal Bank Of Canada upped their price objective on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, Tigress Financial reiterated a “buy” rating and issued a $275.00 target price on shares of Boeing in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $246.14.

Check Out Our Latest Report on Boeing

Boeing Price Performance

Boeing stock opened at $232.01 on Friday. 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 company has a market capitalization of $182.21 billion, a PE ratio of 115.43 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 stock has a 50-day moving average price of $232.55 and a two-hundred day moving average price of $219.90.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $10.32. The firm had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $22.41 billion. The business’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same quarter last year, the firm posted ($5.90) earnings per share. Analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Boeing Profile

(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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