5,175 Shares in The Boeing Company $BA Acquired by Connective Portfolio Management LLC

Connective Portfolio Management LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the third quarter, HoldingsChannel reports. The fund bought 5,175 shares of the aircraft producer’s stock, valued at approximately $1,114,000. Boeing makes up about 2.0% of Connective Portfolio Management LLC’s portfolio, making the stock its 21st largest holding.

Other large investors also recently modified their holdings of the company. Harbor Asset Planning Inc. bought a new position in shares of Boeing during the second quarter worth about $25,000. Piscataqua Savings Bank increased its position in Boeing by 1,712.5% during the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares during the period. Howard Hughes Medical Institute bought a new position in Boeing during the 2nd quarter worth approximately $34,000. Decker Retirement Planning Inc. acquired a new position in shares of Boeing in the 2nd quarter worth approximately $35,000. Finally, IMG Wealth Management Inc. boosted its stake in shares of Boeing by 159.4% in the 2nd 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. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BA shares. Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research note on Thursday, October 30th. UBS Group reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, December 10th. Loop Capital set a $223.00 target price on Boeing in a report on Monday, November 3rd. Finally, Jefferies Financial Group set a $255.00 price target on Boeing in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $233.17.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Dana S. Deasy bought 554 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the acquisition, the senior vice president directly owned 28,442 shares in the company, valued at $5,087,704.96. The trade was 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 company insiders.

Boeing Stock Performance

Shares of Boeing stock opened at $216.34 on Friday. The stock has a market capitalization of $164.44 billion, a PE ratio of -15.81 and a beta of 1.18. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The stock has a 50 day moving average price of $202.10 and a two-hundred day moving average price of $214.27.

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

Boeing Company 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.