The Boeing Company $BA Shares Sold by Friedenthal Financial

Friedenthal Financial lowered its position in shares of The Boeing Company (NYSE:BAFree Report) by 96.1% in the third quarter, HoldingsChannel.com reports. The firm owned 177 shares of the aircraft producer’s stock after selling 4,395 shares during the quarter. Friedenthal Financial’s holdings in Boeing were worth $38,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BA. Harbor Asset Planning Inc. purchased a new stake in Boeing during the 2nd quarter worth about $25,000. Piscataqua Savings Bank raised its position in shares of Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in Boeing during the second quarter worth approximately $34,000. Decker Retirement Planning Inc. acquired a new position in Boeing in the second quarter valued at approximately $35,000. Finally, IMG Wealth Management Inc. increased its stake in Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president owned 14,656 shares in the company, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dana S. Deasy bought 554 shares of the stock in a transaction dated Monday, November 24th. The stock was purchased at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the acquisition, the senior vice president owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.09% of the stock is owned by corporate insiders.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Analysts Set New Price Targets

Several brokerages have recently issued reports on BA. JPMorgan Chase & Co. upped their target price on shares of Boeing from $240.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Citigroup assumed coverage on shares of Boeing in a research note on Thursday, December 11th. They issued a “buy” rating and a $265.00 price objective for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $267.00 price objective on shares of Boeing in a report on Friday, November 14th. Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $233.17.

View Our Latest Stock Analysis on BA

Boeing Stock Performance

Shares of BA opened at $216.91 on Wednesday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The firm has a 50-day simple moving average of $201.83 and a 200-day simple moving average of $214.22. The company has a market capitalization of $164.87 billion, a price-to-earnings ratio of -15.86 and a beta of 1.18.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the business earned ($10.44) EPS. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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