BI Asset Management Fondsmaeglerselskab A S Sells 4,062 Shares of The Boeing Company $BA

BI Asset Management Fondsmaeglerselskab A S reduced its holdings in The Boeing Company (NYSE:BAFree Report) by 8.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 42,739 shares of the aircraft producer’s stock after selling 4,062 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Boeing were worth $9,224,000 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 business. Harbor Asset Planning Inc. bought a new position in Boeing in the 2nd quarter worth $25,000. Davis Capital Management bought a new stake in shares of Boeing during the 3rd quarter valued at about $33,000. Howard Hughes Medical Institute purchased a new position in shares of Boeing during the second quarter valued at about $34,000. Decker Retirement Planning Inc. bought a new position in Boeing in the second quarter worth about $35,000. Finally, IMG Wealth Management Inc. lifted its holdings in Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after buying an additional 110 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Activity

In other news, SVP Dana S. Deasy purchased 554 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were purchased at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the acquisition, the senior vice president directly owned 28,442 shares in the company, valued at $5,087,704.96. This represents a 1.99% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the completion of the transaction, the executive vice president owned 14,692 shares of the company’s stock, valued at approximately $3,437,781.08. The trade was a 41.67% 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.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on BA shares. Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a report on Thursday, October 30th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Thursday. JPMorgan Chase & Co. raised their price objective on Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Wolfe Research restated an “outperform” rating on shares of Boeing in a report on Tuesday, January 27th. Finally, New Street Research set a $257.00 price target on shares of Boeing in a research note on Tuesday, December 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $247.39.

Check Out Our Latest Report on BA

Boeing Price Performance

Shares of NYSE:BA opened at $236.68 on Friday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $254.35. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. The business has a fifty day moving average price of $223.68 and a 200-day moving average price of $218.99. The company has a market capitalization of $185.88 billion, a PE ratio of 117.75, a PEG ratio of 11.61 and a beta of 1.15.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 EPS 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 analysts’ expectations of $22.41 billion. The business’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same period last year, the company posted ($5.90) earnings per share. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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