Capital Advisors Inc. OK Purchases 44,461 Shares of The Boeing Company $BA

Capital Advisors Inc. OK raised its position in shares of The Boeing Company (NYSE:BAFree Report) by 19.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 275,800 shares of the aircraft producer’s stock after acquiring an additional 44,461 shares during the period. Capital Advisors Inc. OK’s holdings in Boeing were worth $59,882,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in Boeing during the 3rd quarter worth approximately $25,000. Reyes Financial Architecture Inc. bought a new position in Boeing in the 3rd quarter valued at $32,000. Davis Capital Management bought a new position in Boeing in the 3rd quarter valued at $33,000. Game Plan Financial Advisors LLC boosted its stake in Boeing by 650.0% in the fourth quarter. Game Plan Financial Advisors LLC now owns 150 shares of the aircraft producer’s stock worth $33,000 after purchasing an additional 130 shares in the last quarter. Finally, Howard Hughes Medical Institute acquired a new position in Boeing in the second quarter worth $34,000. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In related news, SVP Ann M. Schmidt sold 6,281 shares of the 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 transaction, the senior vice president directly owned 13,978 shares in the company, valued at $3,401,825.86. This represents a 31.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mortimer J. Buckley acquired 2,230 shares of Boeing stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the purchase, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. The trade was a 101.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 21,012 shares of company stock worth $4,980,687 over the last quarter. Company insiders own 0.10% of the company’s stock.

Boeing Trading Up 5.2%

Shares of BA opened at $199.03 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $254.35. The firm has a market capitalization of $156.31 billion, a PE ratio of 99.02 and a beta of 1.14. The stock’s fifty day simple moving average is $225.74 and its 200-day simple moving average is $216.59.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. Boeing’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($5.90) earnings per share. As a group, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BA. Weiss Ratings upgraded Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Tigress Financial upped their price target on shares of Boeing from $275.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Royal Bank Of Canada raised their price objective on shares of Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Finally, Argus upgraded shares of Boeing to a “hold” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $248.86.

View Our Latest Report on BA

Key Boeing News

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Boeing Company 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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