The Boeing Company $BA Shares Acquired by Cwm LLC

Cwm LLC boosted its holdings in The Boeing Company (NYSE:BA) by 8.1% during the 3rd quarter, Holdings Channel reports. The fund owned 148,540 shares of the aircraft producer’s stock after acquiring an additional 11,088 shares during the quarter. Cwm LLC’s holdings in Boeing were worth $32,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Harbor Asset Planning Inc. acquired a new position in shares of Boeing during the second quarter valued at $25,000. Piscataqua Savings Bank increased its stake 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 buying an additional 137 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Boeing during the 2nd quarter worth about $34,000. Decker Retirement Planning Inc. acquired a new stake in shares of Boeing in the 2nd quarter worth approximately $35,000. Finally, IMG Wealth Management Inc. boosted its holdings in shares of 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 acquiring an additional 110 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Dana S. Deasy purchased 554 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president 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 disclosure for this sale is available in the SEC filing. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

BA has been the subject of a number of research analyst reports. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 target price on shares of Boeing in a research report on Monday, September 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. BNP Paribas Exane assumed coverage on shares of Boeing in a research report on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price target on the stock. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and upped their price target for the company from $242.00 to $270.00 in a report on Monday, September 8th. Finally, Citigroup started coverage on shares of Boeing in a research note on Thursday, December 11th. They issued a “buy” rating and a $265.00 price objective on the stock. 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 assigned a Sell rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $233.17.

Boeing Trading Down 0.8%

NYSE BA opened at $216.34 on Friday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The company has a market cap of $164.44 billion, a PE ratio of -15.81 and a beta of 1.18. The stock’s 50-day moving average price is $202.10 and its two-hundred day moving average price is $214.27.

Boeing (NYSE:BA) last released its quarterly 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 firm had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the prior year, the company earned ($10.44) EPS. Boeing’s revenue for the quarter 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 fiscal year.

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.