The Boeing Company $BA Shares Purchased by Rockland Trust Co.

Rockland Trust Co. boosted its holdings in The Boeing Company (NYSE:BA) by 112.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,257 shares of the aircraft producer’s stock after acquiring an additional 2,785 shares during the period. Rockland Trust Co.’s holdings in Boeing were worth $1,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Alpha Cubed Investments LLC grew its stake in Boeing by 43.3% during the 2nd quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock worth $754,000 after buying an additional 1,088 shares during the last quarter. SteelPeak Wealth LLC lifted its stake in Boeing by 50.4% in the third quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock valued at $5,689,000 after buying an additional 8,833 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Boeing by 1.7% during the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock valued at $13,991,022,000 after acquiring an additional 1,118,316 shares during the period. Patton Fund Management Inc. grew its position in shares of Boeing by 734.4% during the third quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock worth $2,228,000 after acquiring an additional 9,085 shares during the last quarter. Finally, Vestor Capital LLC grew its position in shares of Boeing by 8,287.4% during the second quarter. Vestor Capital LLC now owns 246,086 shares of the aircraft producer’s stock worth $51,562,000 after acquiring an additional 243,152 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Boeing news, SVP Dana S. Deasy bought 554 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the acquisition, the senior vice president directly 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 purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Uma M. Amuluru sold 2,731 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $236.00, for a total transaction of $644,516.00. Following the sale, the executive vice president directly owned 11,925 shares of the company’s stock, valued at approximately $2,814,300. This represents a 18.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.09% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BA shares. Tigress Financial reiterated a “buy” rating and issued a $275.00 price objective on shares of Boeing in a research report on Monday, December 29th. Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. TD Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Jefferies Financial Group lifted their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Sunday, February 1st. Finally, UBS Group raised their price target on Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $246.14.

Boeing Stock Performance

Shares of NYSE BA opened at $242.64 on Wednesday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $254.35. The firm has a market cap of $190.56 billion, a P/E ratio of 120.72 and a beta of 1.15. The stock has a fifty day moving average price of $226.67 and a two-hundred day moving average price of $219.09. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $22.41 billion. The firm’s quarterly revenue was up 57.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($5.90) EPS. Research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.