The Boeing Company $BA Shares Bought by Synergy Asset Management LLC

Synergy Asset Management LLC lifted its stake in shares of The Boeing Company (NYSE:BA) by 208.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,931 shares of the aircraft producer’s stock after acquiring an additional 3,331 shares during the quarter. Synergy Asset Management LLC’s holdings in Boeing were worth $1,054,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Revolve Wealth Partners LLC purchased a new stake in Boeing in the fourth quarter valued at $201,000. Advisors Asset Management Inc. grew its holdings in shares of Boeing by 0.7% during the first quarter. Advisors Asset Management Inc. now owns 14,275 shares of the aircraft producer’s stock worth $2,435,000 after purchasing an additional 101 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Boeing by 522.5% during the first quarter. AQR Capital Management LLC now owns 69,170 shares of the aircraft producer’s stock worth $11,797,000 after purchasing an additional 58,059 shares in the last quarter. Hancock Whitney Corp increased its position in shares of Boeing by 2.8% during the first quarter. Hancock Whitney Corp now owns 4,157 shares of the aircraft producer’s stock worth $709,000 after purchasing an additional 112 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Boeing by 13.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,934 shares of the aircraft producer’s stock valued at $14,315,000 after purchasing an additional 10,262 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In other Boeing news, SVP Dana S. Deasy acquired 554 shares of the stock in a transaction on Monday, November 24th. The shares were bought at an average price of $178.88 per share, with a total value of $99,099.52. Following the acquisition, the senior vice president owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of research reports. Susquehanna dropped their price target on Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a research note on Wednesday, November 12th. Citigroup started coverage on shares of Boeing in a research report on Thursday, December 11th. They set a “buy” rating and a $265.00 target price on the stock. JPMorgan Chase & Co. upped their price target on shares of Boeing from $240.00 to $245.00 and gave the company an “overweight” rating in a research report on Friday, December 19th. Loop Capital set a $223.00 price target on shares of Boeing in a research note on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research note on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $234.92.

Boeing Price Performance

Shares of NYSE BA opened at $227.27 on Friday. The stock has a fifty day moving average price of $202.26 and a 200 day moving average price of $214.80. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a market cap of $172.74 billion, a PE ratio of -16.61, a P/E/G ratio of 6.56 and a beta of 1.16.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the company earned ($10.44) earnings per share. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. Analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing Profile

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.