Wealth Enhancement Advisory Services LLC Has $78.03 Million Stake in The Boeing Company $BA

Wealth Enhancement Advisory Services LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 351,751 shares of the aircraft producer’s stock after selling 2,750 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Boeing were worth $78,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in BA. Intrua Financial LLC grew its holdings in Boeing by 108.2% during the 3rd quarter. Intrua Financial LLC now owns 2,903 shares of the aircraft producer’s stock worth $627,000 after acquiring an additional 1,509 shares during the period. High Net Worth Advisory Group LLC grew its stake in Boeing by 51.3% during the third quarter. High Net Worth Advisory Group LLC now owns 3,025 shares of the aircraft producer’s stock worth $653,000 after purchasing an additional 1,025 shares during the period. Xcel Wealth Management LLC lifted its stake in Boeing by 12.1% in the third quarter. Xcel Wealth Management LLC now owns 49,230 shares of the aircraft producer’s stock valued at $10,625,000 after buying an additional 5,327 shares during the period. Quantum Portfolio Management LLC acquired a new position in Boeing in the third quarter valued at approximately $328,000. Finally, Tred Avon Family Wealth LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $358,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. Tigress Financial reissued a “buy” rating and set a $275.00 price objective on shares of Boeing in a report on Monday, December 29th. New Street Research set a $257.00 price target on shares of Boeing in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Sanford C. Bernstein raised their price objective on Boeing from $277.00 to $298.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Jefferies Financial Group set a $255.00 target price on Boeing in a research report on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $237.46.

Boeing Stock Down 0.4%

Shares of NYSE:BA traded down $1.10 during midday trading on Tuesday, reaching $246.58. The company’s stock had a trading volume of 1,067,735 shares, compared to its average volume of 7,692,951. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $248.75. The stock has a fifty day moving average of $209.63 and a 200 day moving average of $217.42. The firm has a market capitalization of $187.42 billion, a PE ratio of -17.99, a P/E/G ratio of 7.05 and a beta of 1.16.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the firm posted ($10.44) earnings per share. Boeing’s revenue for the quarter was up 30.4% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

About Boeing

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.