Nisa Investment Advisors LLC Acquires 8,802 Shares of The Boeing Company $BA

Nisa Investment Advisors LLC lifted its stake in The Boeing Company (NYSE:BAFree Report) by 4.7% in the 4th quarter, HoldingsChannel reports. The firm owned 196,739 shares of the aircraft producer’s stock after acquiring an additional 8,802 shares during the period. Nisa Investment Advisors LLC’s holdings in Boeing were worth $42,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Boeing during the third quarter valued at about $25,000. Reyes Financial Architecture Inc. purchased a new position in shares of Boeing during the 3rd quarter valued at about $32,000. Game Plan Financial Advisors LLC lifted its position in shares of Boeing by 650.0% during the 4th quarter. Game Plan Financial Advisors LLC now owns 150 shares of the aircraft producer’s stock valued at $33,000 after buying an additional 130 shares in the last quarter. Davis Capital Management bought a new position in shares of Boeing during the 3rd quarter valued at approximately $33,000. Finally, Howard Hughes Medical Institute bought a new position in shares of Boeing during the 2nd quarter valued at approximately $34,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

BA stock opened at $199.03 on Wednesday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $254.35. The firm has a market capitalization of $156.31 billion, a P/E ratio of 99.02 and a beta of 1.14. The company has a fifty day simple moving average of $225.74 and a two-hundred day simple moving average of $216.59. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37.

Boeing (NYSE:BAGet Free Report) last posted its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $22.41 billion. The business’s quarterly revenue was up 57.1% on a year-over-year basis. During the same quarter last year, the firm earned ($5.90) earnings per share. Analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BA. Wolfe Research restated an “outperform” rating on shares of Boeing in a research note on Tuesday, January 27th. Susquehanna reissued a “positive” rating and issued a $280.00 price objective on shares of Boeing in a research note on Thursday, January 15th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. TD Cowen restated a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Finally, Morgan Stanley set a $245.00 price target on Boeing in a report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $248.86.

Check Out Our Latest Stock Report on Boeing

Insider Buying and Selling

In related news, Director Mortimer J. Buckley acquired 2,230 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $224.20 per share, with a total value of $499,966.00. Following the purchase, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Uma M. Amuluru sold 1,503 shares of Boeing stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the transaction, the executive vice president owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. This trade represents a 7.33% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 21,012 shares of company stock valued at $4,980,687. 0.10% of the stock is currently owned by company insiders.

More Boeing News

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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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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