Vanguard Group Inc. Buys 756,057 Shares of The Boeing Company $BA

Vanguard Group Inc. lifted its stake in shares of The Boeing Company (NYSE:BA) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 67,529,417 shares of the aircraft producer’s stock after acquiring an additional 756,057 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Boeing worth $14,574,874,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Alpha Cubed Investments LLC grew its holdings in shares of Boeing by 43.3% during the second quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock worth $754,000 after purchasing an additional 1,088 shares during the last quarter. SteelPeak Wealth LLC lifted its position in Boeing by 50.4% during the 3rd quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock worth $5,689,000 after buying an additional 8,833 shares in the last quarter. Patton Fund Management Inc. lifted its position in Boeing by 734.4% during the 3rd quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock worth $2,228,000 after buying an additional 9,085 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Boeing by 7.1% during the 2nd quarter. Moors & Cabot Inc. now owns 21,990 shares of the aircraft producer’s stock worth $4,607,000 after acquiring an additional 1,461 shares during the last quarter. Finally, Vestor Capital LLC increased its position in Boeing by 8,287.4% in the 2nd quarter. Vestor Capital LLC now owns 246,086 shares of the aircraft producer’s stock valued at $51,562,000 after acquiring an additional 243,152 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. BNP Paribas Exane set a $150.00 target price on shares of Boeing in a research report on Tuesday, November 18th. Susquehanna restated a “positive” rating and issued 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 price objective on shares of Boeing in a research report on Monday, December 29th. Wolfe Research reissued an “outperform” rating on shares of Boeing in a research note on Tuesday, January 27th. Finally, UBS Group upped their price target on Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $246.14.

Insider Transactions at Boeing

In related news, EVP Howard E. Mckenzie sold 10,497 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $233.99, for a total value of $2,456,193.03. Following the sale, the executive vice president directly owned 14,692 shares in the company, valued at $3,437,781.08. This trade represents a 41.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Dana S. Deasy acquired 554 shares of Boeing stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the purchase, the senior vice president directly 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 disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Performance

BA stock opened at $242.96 on Monday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.35. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The company has a market cap of $190.80 billion, a P/E ratio of 120.87 and a beta of 1.15. The business’s fifty day moving average is $228.92 and its 200-day moving average is $219.30.

Boeing (NYSE:BA) last announced 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 company had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. The firm’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same period last year, the firm earned ($5.90) earnings per share. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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.