The Boeing Company $BA Shares Bought by Oak Family Advisors LLC

Oak Family Advisors LLC lifted its stake in The Boeing Company (NYSE:BAFree Report) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,943 shares of the aircraft producer’s stock after acquiring an additional 9,271 shares during the period. Boeing accounts for approximately 3.9% of Oak Family Advisors LLC’s holdings, making the stock its 3rd biggest position. Oak Family Advisors LLC’s holdings in Boeing were worth $14,535,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing in the 3rd quarter worth approximately $25,000. Ares Financial Consulting LLC acquired a new stake in shares of Boeing in the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Boeing in the 4th quarter worth approximately $28,000. American National Bank & Trust lifted its stake in shares of Boeing by 124.2% in the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 77 shares during the period. Finally, Reyes Financial Architecture Inc. acquired a new stake in shares of Boeing in the 3rd quarter worth approximately $32,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.5%

Shares of BA opened at $231.02 on Friday. The business’s 50-day moving average price is $216.90 and its 200 day moving average price is $217.70. The stock has a market capitalization of $182.11 billion, a P/E ratio of 112.15 and a beta of 1.21. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.49) EPS. Analysts expect that The Boeing Company will post -0.15 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on BA shares. Citigroup reduced their price target on shares of Boeing from $290.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. JPMorgan Chase & Co. increased their target price on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Tigress Financial increased their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Finally, Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $259.60.

Check Out Our Latest Stock Report on Boeing

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 1,503 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the sale, the executive vice president owned 19,015 shares in the company, valued at approximately $4,445,326.70. This represents a 7.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley purchased 2,230 shares of Boeing stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $224.20 per share, with a total value of $499,966.00. Following the transaction, the director owned 4,430 shares in the company, valued at $993,206. This represents a 101.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

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.

Featured Stories

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.