Benjamin Edwards Inc. Lowers Position in The Boeing Company $BA

Benjamin Edwards Inc. decreased its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 14.6% in the 4th quarter, Holdings Channel reports. The firm owned 14,948 shares of the aircraft producer’s stock after selling 2,562 shares during the period. Benjamin Edwards Inc.’s holdings in Boeing were worth $3,246,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BA. Fisher Asset Management LLC lifted its stake in Boeing by 3.3% during the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock worth $1,188,153,000 after purchasing an additional 177,597 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Boeing by 41.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after purchasing an additional 65,216 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Boeing by 0.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,026,896 shares of the aircraft producer’s stock valued at $437,465,000 after buying an additional 11,968 shares in the last quarter. Xcel Wealth Management LLC lifted its position in Boeing by 12.1% in the 3rd quarter. Xcel Wealth Management LLC now owns 49,230 shares of the aircraft producer’s stock worth $10,625,000 after buying an additional 5,327 shares during the last quarter. Finally, Granite Investment Partners LLC lifted its position in Boeing by 1,984.0% in the 3rd quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock worth $6,787,000 after buying an additional 29,939 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

Analyst Upgrades and Downgrades

A number of brokerages have commented on BA. Citigroup reduced their price target on shares of Boeing from $290.00 to $256.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. Wells Fargo & Company started coverage on shares of Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. Finally, TD Cowen reissued a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus target price of $259.60.

View Our Latest Analysis on BA

Boeing Price Performance

Shares of BA stock opened at $224.39 on Wednesday. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The firm has a market cap of $176.89 billion, a P/E ratio of 108.93 and a beta of 1.21. The business’s 50 day moving average price is $216.96 and its 200-day moving average price is $217.45.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.49) EPS. On average, equities research analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the transaction, the senior vice president owned 13,978 shares in the company, valued at approximately $3,401,825.86. This represents a 31.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of the firm’s 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 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 position. The SEC filing for this sale provides additional information. Insiders have sold 18,281 shares of company stock worth $4,336,171 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.

About Boeing

(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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