The Boeing Company $BA Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. reduced its stake in The Boeing Company (NYSE:BA) by 32.6% during the 4th quarter, Holdings Channel reports. The fund owned 10,338 shares of the aircraft producer’s stock after selling 5,009 shares during the period. Crossmark Global Holdings Inc.’s holdings in Boeing were worth $2,245,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after purchasing an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC grew its holdings in shares of 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 in the last quarter. Great Lakes Advisors LLC grew its holdings in shares of Boeing by 25,532.3% during the third quarter. Great Lakes Advisors LLC now owns 424,983 shares of the aircraft producer’s stock worth $91,725,000 after buying an additional 423,325 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Boeing in the fourth quarter valued at approximately $89,368,000. Finally, Bessemer Group Inc. raised its position in shares of Boeing by 50.3% in the third quarter. Bessemer Group Inc. now owns 1,069,819 shares of the aircraft producer’s stock valued at $230,900,000 after buying an additional 357,995 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Susquehanna restated a “positive” rating and set a $280.00 target price on shares of Boeing in a research report on Thursday, January 15th. JPMorgan Chase & Co. increased their price target on Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Argus upgraded Boeing to a “hold” rating in a report on Monday, February 2nd. Vertical Research reaffirmed a “buy” rating and issued a $281.00 price objective on shares of Boeing in a research report on Tuesday, January 27th. Finally, Royal Bank Of Canada upped their target price on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.60.

Boeing Trading Up 0.3%

BA stock opened at $238.12 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The company has a market cap of $187.71 billion, a price-to-earnings ratio of 115.59 and a beta of 1.21. The business has a fifty day simple moving average of $217.23 and a 200-day simple moving average of $218.00. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the previous year, the business posted ($0.49) EPS. Boeing’s revenue was up 14.0% compared to the same quarter last year. On average, equities research analysts expect that The Boeing Company will post -0.15 EPS for the current year.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley purchased 2,230 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the acquisition, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. This represents a 101.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ann M. Schmidt sold 6,281 shares of Boeing stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the transaction, the senior vice president directly owned 13,978 shares in the company, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.10% of the company’s stock.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing CEO Kelly Ortberg is expected to join President Trump’s delegation to China, raising hopes for constructive trade discussions and potential aircraft sales interest from Chinese buyers. Article Title
• Positive Sentiment: The FAA approved Boeing’s protocol for safely returning MD-11 aircraft to service in the U.S. after a fatal UPS cargo crash, a sign of regulatory progress that could help Boeing’s aviation services and credibility. Article Title
• Positive Sentiment: Investor attention remains on Boeing’s improving order momentum, defense backlog growth, and aviation services demand, which are helping the stock as the company works toward a longer-term turnaround. Article Title
• Positive Sentiment: Boeing’s long-delayed 777-9 is reportedly getting closer to delivery, which could eventually ease concerns about program delays and support future commercial aircraft revenue. Article Title
• Neutral Sentiment: Coverage highlighting Boeing as one of several Dow stocks near technical buy points reflects improved market sentiment, but it is more of a trading setup than a company-specific catalyst. Article Title
• Negative Sentiment: Boeing still faces headwinds from trade tensions and possible aircraft cancellations, and a Bloomberg feature noted that the company’s comeback depends on a new plane program that remains elusive. Article Title

About Boeing

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.