Vanguard Personalized Indexing Management LLC Has $15.97 Million Stock Holdings in The Boeing Company $BA

Vanguard Personalized Indexing Management LLC boosted its stake in The Boeing Company (NYSE:BA) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,972 shares of the aircraft producer’s stock after buying an additional 3,965 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Boeing were worth $15,967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Boeing by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after purchasing an additional 1,118,316 shares in the last quarter. Ninety One UK Ltd bought a new position in shares of Boeing in the third quarter valued at about $192,734,000. Amundi raised its holdings in shares of Boeing by 75.5% in the second quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock valued at $376,700,000 after buying an additional 764,236 shares during the last quarter. Newport Trust Company LLC lifted its position in Boeing by 2.5% during the 3rd quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock worth $6,301,901,000 after buying an additional 707,490 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Boeing by 3,581.5% during the 2nd quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after acquiring an additional 692,489 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. This represents a 8.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Dana S. Deasy purchased 554 shares of the company’s stock in a transaction dated Monday, November 24th. The stock was acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This represents a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is owned by company insiders.

Boeing Trading Up 0.3%

Shares of NYSE BA opened at $252.16 on Monday. The company has a fifty day moving average price of $214.08 and a 200 day moving average price of $218.29. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $254.14. The firm has a market cap of $191.66 billion, a PE ratio of -18.43, a PEG ratio of 7.18 and a beta of 1.16.

Boeing (NYSE:BA) 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 for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter last year, the firm posted ($10.44) earnings per share. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BA shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. New Street Research set a $257.00 target price on Boeing in a research report on Tuesday, December 9th. UBS Group reiterated a “buy” rating on shares of Boeing in a report on Wednesday, December 10th. Finally, Loop Capital set a $223.00 price objective on Boeing in a research report on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $241.26.

Boeing Company 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.