Nisa Investment Advisors LLC Acquires 8,802 Shares of The Boeing Company $BA

Nisa Investment Advisors LLC raised its holdings in The Boeing Company (NYSE:BAFree Report) by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 196,739 shares of the aircraft producer’s stock after buying an additional 8,802 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Boeing were worth $42,716,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Revolve Wealth Partners LLC bought a new stake in Boeing in the fourth quarter valued at $201,000. Sivia Capital Partners LLC boosted its position in shares of Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after purchasing an additional 217 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of Boeing by 5.3% in the 2nd quarter. Mackenzie Financial Corp now owns 72,730 shares of the aircraft producer’s stock valued at $15,239,000 after buying an additional 3,642 shares during the period. Van Hulzen Asset Management LLC grew its stake in shares of Boeing by 5.5% in the 2nd quarter. Van Hulzen Asset Management LLC now owns 2,965 shares of the aircraft producer’s stock valued at $621,000 after buying an additional 155 shares during the period. Finally, M&T Bank Corp increased its position in Boeing by 26.9% in the 2nd quarter. M&T Bank Corp now owns 84,137 shares of the aircraft producer’s stock valued at $17,630,000 after buying an additional 17,842 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Zacks Research raised shares of Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. New Street Research set a $257.00 price objective on Boeing in a report on Tuesday, December 9th. TD Cowen reiterated a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. UBS Group increased their price objective on Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada raised their price objective on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $248.86.

Read Our Latest Analysis on Boeing

Boeing Stock Up 5.2%

Shares of Boeing stock opened at $199.03 on Wednesday. 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 Boeing Company has a 12-month low of $128.88 and a 12-month high of $254.35. The company’s fifty day simple moving average is $225.74 and its two-hundred day simple moving average is $216.59. The company has a market cap of $156.31 billion, a P/E ratio of 99.02 and a beta of 1.14.

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, beating 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 company’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($5.90) earnings per share. Research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

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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