Greystone Financial Group LLC Acquires 5,699 Shares of The Boeing Company $BA

Greystone Financial Group LLC grew its holdings in The Boeing Company (NYSE:BA) by 183.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,808 shares of the aircraft producer’s stock after purchasing an additional 5,699 shares during the period. Greystone Financial Group LLC’s holdings in Boeing were worth $1,901,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Boeing during the second quarter valued at $378,459,000. Vanguard Group Inc. raised its position in Boeing by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after buying an additional 1,118,316 shares during the last quarter. Ninety One UK Ltd bought a new position in Boeing during the 3rd quarter valued at about $192,734,000. Amundi boosted its holdings in shares of Boeing by 75.5% during the 2nd quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock valued at $376,700,000 after acquiring an additional 764,236 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Boeing by 3,581.5% during the second quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock valued at $149,149,000 after purchasing an additional 692,489 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of several research reports. Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. New Street Research set a $257.00 price target on Boeing in a report on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Finally, Loop Capital set a $223.00 target price on Boeing in a report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.92.

Boeing Stock Performance

Shares of Boeing stock opened at $227.27 on Monday. The stock has a market cap of $172.74 billion, a P/E ratio of -16.61, a P/E/G ratio of 6.56 and a beta of 1.16. The stock’s fifty day moving average is $202.26 and its 200 day moving average is $214.92. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the firm posted ($10.44) EPS. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. Analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In other news, SVP Dana S. Deasy purchased 554 shares of the stock in a transaction on Monday, November 24th. The shares were acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is owned by insiders.

Boeing 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.