Swiss National Bank Cuts Stock Holdings in The Boeing Company $BA

Swiss National Bank decreased its position in The Boeing Company (NYSE:BAFree Report) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,173,500 shares of the aircraft producer’s stock after selling 104,200 shares during the quarter. Swiss National Bank owned approximately 0.29% of Boeing worth $469,107,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. WINTON GROUP Ltd increased its position in shares of Boeing by 1,222.8% during the third quarter. WINTON GROUP Ltd now owns 83,783 shares of the aircraft producer’s stock valued at $18,083,000 after buying an additional 77,449 shares during the period. Russell Investments Group Ltd. boosted its position in 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 acquiring an additional 65,216 shares in the last quarter. Gerber Kawasaki Wealth & Investment Management grew its holdings in shares of Boeing by 2.9% during the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,253 shares of the aircraft producer’s stock worth $486,000 after acquiring an additional 63 shares during the period. Inceptionr LLC raised its position in shares of Boeing by 18.2% in the 3rd quarter. Inceptionr LLC now owns 6,391 shares of the aircraft producer’s stock worth $1,379,000 after acquiring an additional 982 shares in the last quarter. Finally, PFG Advisors raised its position in shares of Boeing by 26.8% in the 3rd quarter. PFG Advisors now owns 7,434 shares of the aircraft producer’s stock worth $1,605,000 after acquiring an additional 1,571 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In other news, Director Mortimer J. Buckley acquired 2,230 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average price of $224.20 per share, with a total value of $499,966.00. Following the completion of the acquisition, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. The trade was a 101.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total value of $1,528,606.97. Following the sale, the senior vice president owned 13,978 shares of the company’s stock, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 21,012 shares of company stock valued at $4,980,687. Insiders own 0.09% of the company’s stock.

Boeing Stock Up 4.1%

Shares of NYSE:BA opened at $231.12 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37. The stock has a fifty day simple moving average of $235.70 and a two-hundred day simple moving average of $219.73. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $254.35. The stock has a market capitalization of $181.51 billion, a price-to-earnings ratio of 114.99 and a beta of 1.14.

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

Analyst Ratings Changes

Several research firms recently weighed in on BA. The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. JPMorgan Chase & Co. raised their price objective on Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Argus upgraded shares of Boeing to a “hold” rating in a report on Monday, February 2nd. Weiss Ratings raised shares of Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. Finally, Morgan Stanley set a $245.00 price target on shares of Boeing in a research note on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $246.14.

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Boeing Company 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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