Ceeto Capital Group LLC Acquires 6,000 Shares of The Boeing Company $BA

Ceeto Capital Group LLC grew its holdings in The Boeing Company (NYSE:BAFree Report) by 93.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,397 shares of the aircraft producer’s stock after buying an additional 6,000 shares during the period. Boeing makes up 0.8% of Ceeto Capital Group LLC’s portfolio, making the stock its 23rd largest holding. Ceeto Capital Group LLC’s holdings in Boeing were worth $2,676,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Reyes Financial Architecture Inc. bought a new position in shares of Boeing in the 3rd quarter valued at about $32,000. Davis Capital Management purchased a new position in Boeing in the third quarter worth about $33,000. Howard Hughes Medical Institute bought a new stake in Boeing during the second quarter worth approximately $34,000. Centerpoint Advisors LLC increased its stake 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 acquiring an additional 63 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in Boeing during the third quarter valued at approximately $45,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Shares of NYSE:BA opened at $209.97 on Friday. The firm has a market cap of $164.90 billion, a PE ratio of 104.46 and a beta of 1.14. The firm’s 50 day simple moving average is $235.19 and its 200-day simple moving average is $219.29. The Boeing Company has a one year low of $128.88 and a one year 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.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) 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 firm’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($5.90) EPS. As a group, equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of several analyst reports. Tigress Financial reaffirmed a “buy” rating and issued a $275.00 price objective on shares of Boeing in a research note on Monday, December 29th. Citigroup restated a “buy” rating on shares of Boeing in a report on Thursday, February 5th. Weiss Ratings upgraded Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. Finally, BNP Paribas Exane set a $150.00 price objective on shares of Boeing in a research note on Tuesday, November 18th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $246.14.

Check Out Our Latest Stock Report on BA

Key Boeing News

Here are the key news stories impacting Boeing this week:

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,503 shares of Boeing stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total transaction of $351,371.34. Following the completion of the sale, the executive vice president directly owned 19,015 shares of the company’s stock, valued at $4,445,326.70. The trade was a 7.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction on 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 completion of the sale, the senior vice president owned 13,978 shares of the company’s stock, valued at $3,401,825.86. This represents a 31.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 21,012 shares of company stock valued at $4,980,687. Company insiders own 0.09% of the company’s stock.

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.

See Also

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.