Cerity Partners LLC Increases Stock Holdings in The Boeing Company $BA

Cerity Partners LLC raised its stake in The Boeing Company (NYSE:BAFree Report) by 45.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 213,976 shares of the aircraft producer’s stock after purchasing an additional 66,398 shares during the quarter. Cerity Partners LLC’s holdings in Boeing were worth $46,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BA. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing in the third quarter valued at approximately $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $26,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. Finally, American National Bank & Trust boosted its stake in shares of Boeing by 124.2% in the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 77 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Wells Fargo & Company initiated coverage on Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target on the stock. Tigress Financial lifted their price target on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wolfe Research restated an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $259.80.

Check Out Our Latest Research Report on Boeing

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Boeing Stock Performance

Shares of BA stock opened at $209.31 on Thursday. The stock has a fifty day moving average price of $222.11 and a 200 day moving average price of $221.11. The stock has a market cap of $165.00 billion, a PE ratio of 101.61 and a beta of 1.19. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. The business’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 firm posted ($0.49) earnings per share. Sell-side analysts forecast that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Boeing 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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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