General Pension Society PZU Joint Stock Co Boosts Position in The Boeing Company $BA

General Pension Society PZU Joint Stock Co boosted its position in shares of The Boeing Company (NYSE:BA) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,500 shares of the aircraft producer’s stock after purchasing an additional 3,000 shares during the quarter. Boeing comprises 6.3% of General Pension Society PZU Joint Stock Co’s holdings, making the stock its 8th biggest position. General Pension Society PZU Joint Stock Co’s holdings in Boeing were worth $26,008,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BA. Vanguard Group Inc. boosted its stake in Boeing by 1.7% in 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 last quarter. Ninety One UK Ltd bought a new stake in Boeing in the third quarter valued at about $192,734,000. Amundi lifted its stake in Boeing by 75.5% in the second quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock valued at $376,700,000 after buying an additional 764,236 shares during the period. Newport Trust Company LLC boosted its holdings in Boeing by 2.5% during the third quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock worth $6,301,901,000 after buying an additional 707,490 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in shares of Boeing by 3,581.5% during the 2nd quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after buying an additional 692,489 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 2,731 shares of the business’s stock in a transaction dated 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 $2,814,300. The trade was a 18.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Howard E. Mckenzie sold 10,497 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the transaction, the executive vice president owned 14,692 shares of the company’s stock, valued at approximately $3,437,781.08. This represents a 41.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BA. UBS Group increased their price target on shares of Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Susquehanna reiterated a “positive” rating and issued a $280.00 target price on shares of Boeing in a report on Thursday, January 15th. TD Cowen reissued a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Finally, BNP Paribas Exane set a $150.00 target price on Boeing in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $246.14.

Boeing Trading Up 0.7%

NYSE:BA opened at $244.82 on Tuesday. 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 business has a 50 day moving average price of $225.92 and a two-hundred day moving average price of $219.02. The company has a market cap of $192.27 billion, a P/E ratio of 121.80 and a beta of 1.15.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. Boeing’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same quarter last year, the business earned ($5.90) earnings per share. As a group, analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.