BSN CAPITAL PARTNERS Ltd Acquires Shares of 81,208 The Boeing Company $BA

BSN CAPITAL PARTNERS Ltd bought a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 81,208 shares of the aircraft producer’s stock, valued at approximately $18,109,000. Boeing makes up about 0.8% of BSN CAPITAL PARTNERS Ltd’s portfolio, making the stock its 20th largest holding.

Other hedge funds have also made changes to their positions in the company. S Harris Financial Group LLC acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $350,000. Targeted Financial Services LLC acquired a new position in Boeing in the fourth quarter worth $271,000. Tulsa Wealth Advisors INC acquired a new position in Boeing in the fourth quarter worth $302,000. Koenig Investment Advisory LLC bought a new stake in Boeing during the fourth quarter valued at $1,001,000. Finally, Clearwave Capital LLC bought a new stake in Boeing during the fourth quarter valued at $202,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective on the stock. Morgan Stanley lifted their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Tigress Financial raised their price objective 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. Finally, Wolfe Research restated an “outperform” rating and set a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $262.32.

Insider Transactions at Boeing

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Boeing Price Performance

Shares of NYSE:BA opened at $223.51 on Friday. The firm has a market cap of $176.19 billion, a price-to-earnings ratio of 108.50 and a beta of 1.19. The business has a fifty day simple moving average of $224.23 and a 200 day simple moving average of $222.81. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the previous year, the company earned ($0.49) EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -0.15 earnings per share 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.