Pacer Advisors Inc. Raises Position in The Boeing Company $BA

Pacer Advisors Inc. raised its position in The Boeing Company (NYSE:BA) by 20.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,252 shares of the aircraft producer’s stock after buying an additional 13,097 shares during the period. Pacer Advisors Inc.’s holdings in Boeing were worth $16,889,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Blue Zone Wealth Advisors LLC boosted its stake in shares of Boeing by 1.1% in the third quarter. Blue Zone Wealth Advisors LLC now owns 25,414 shares of the aircraft producer’s stock worth $5,485,000 after acquiring an additional 265 shares during the last quarter. Whitener Capital Management Inc. lifted its holdings in Boeing by 34.3% in the 3rd quarter. Whitener Capital Management Inc. now owns 1,645 shares of the aircraft producer’s stock valued at $355,000 after purchasing an additional 420 shares in the last quarter. Curbstone Financial Management Corp boosted its stake in Boeing by 4.7% during the 3rd quarter. Curbstone Financial Management Corp now owns 2,446 shares of the aircraft producer’s stock worth $528,000 after purchasing an additional 110 shares during the last quarter. Pure Portfolios Holdings LLC grew its holdings in shares of Boeing by 14.4% during the third quarter. Pure Portfolios Holdings LLC now owns 3,168 shares of the aircraft producer’s stock worth $684,000 after buying an additional 399 shares in the last quarter. Finally, Norden Group LLC raised its position in shares of Boeing by 21.4% in the third quarter. Norden Group LLC now owns 8,349 shares of the aircraft producer’s stock valued at $1,802,000 after buying an additional 1,474 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of recent research reports. Royal Bank Of Canada restated an “outperform” rating and set a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. New Street Research set a $257.00 target price on Boeing in a report on Tuesday, December 9th. Citigroup assumed coverage on Boeing in a report on Thursday, December 11th. They issued a “buy” rating and a $265.00 price target for the company. BNP Paribas set a $150.00 price objective on Boeing in a research report on Tuesday, November 18th. Finally, JPMorgan Chase & Co. upped their target price on Boeing from $240.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $233.17.

Boeing Stock Performance

BA 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 one year low of $128.88 and a one year high of $242.69. The business’s 50 day moving average price is $202.10 and its 200 day moving average price is $214.26.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business 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 earned ($10.44) EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Dana S. Deasy bought 554 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were bought at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This represents a 1.99% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.09% of the stock is currently owned by insiders.

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.