International Assets Investment Management LLC Trims Stake in The Boeing Company $BA

International Assets Investment Management LLC cut its position in The Boeing Company (NYSE:BAFree Report) by 95.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,831 shares of the aircraft producer’s stock after selling 135,000 shares during the quarter. International Assets Investment Management LLC’s holdings in Boeing were worth $1,433,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in BA. Harbor Asset Planning Inc. acquired a new stake in shares of Boeing in the second quarter valued at approximately $25,000. Davis Capital Management purchased a new stake in Boeing in the 3rd quarter valued at $33,000. Howard Hughes Medical Institute acquired a new stake in Boeing during the 2nd quarter worth $34,000. Decker Retirement Planning Inc. acquired a new stake in Boeing during the 2nd quarter worth $35,000. Finally, IMG Wealth Management Inc. grew its position in Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after purchasing an additional 110 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

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

Boeing Trading Up 0.3%

Shares of BA opened at $252.16 on Friday. The stock’s 50 day moving average is $214.08 and its two-hundred day moving average is $218.35. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.14. The firm has a market capitalization of $191.66 billion, a PE ratio of -18.43, a P/E/G ratio of 7.18 and a beta of 1.16.

Boeing (NYSE:BAGet Free Report) last issued its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period last year, the business posted ($10.44) earnings per share. On average, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on BA. UBS Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, December 10th. The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Susquehanna reaffirmed a “positive” rating and set a $280.00 price objective on shares of Boeing in a research report on Thursday, January 15th. Tigress Financial reiterated a “buy” rating and issued a $275.00 target price on shares of Boeing in a research note on Monday, December 29th. Finally, Sanford C. Bernstein upped their price target on Boeing from $277.00 to $298.00 and gave the stock an “outperform” rating in a research note on Thursday, January 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $241.26.

View Our Latest Stock Report on Boeing

Key Headlines Impacting Boeing

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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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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