Bank Pictet & Cie Europe AG Has $33.77 Million Stock Position in The Boeing Company $BA

Bank Pictet & Cie Europe AG lifted its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 92.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,470 shares of the aircraft producer’s stock after acquiring an additional 75,192 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Boeing were worth $33,771,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Guyasuta Investment Advisors Inc. increased its holdings in Boeing by 0.6% during the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 7,925 shares of the aircraft producer’s stock worth $1,710,000 after purchasing an additional 51 shares in the last quarter. Wealth Management Associates Inc. purchased a new position in shares of Boeing during the third quarter valued at approximately $615,000. Financial Consulate Inc. bought a new stake in Boeing during the third quarter worth $77,000. Salomon & Ludwin LLC raised its position in Boeing by 56.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 579 shares of the aircraft producer’s stock valued at $125,000 after buying an additional 210 shares during the last quarter. Finally, Ninety One UK Ltd bought a new position in Boeing during the 3rd quarter valued at $192,734,000. Institutional investors own 64.82% of the company’s stock.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction on 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 owned 14,656 shares of the company’s stock, valued at $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 is available at the SEC website. Also, SVP Dana S. Deasy purchased 554 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were purchased at an average price of $178.88 per share, with a total value of $99,099.52. Following the purchase, the senior vice president directly owned 28,442 shares in the company, valued at $5,087,704.96. This trade represents a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.09% of the company’s stock.

Boeing Stock Down 0.7%

Boeing stock opened at $217.07 on Friday. The firm has a 50 day moving average price of $202.14 and a 200-day moving average price of $214.52. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The company has a market capitalization of $164.99 billion, a P/E ratio of -15.87 and a beta of 1.16.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) 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 analyst estimates of $21.61 billion. During the same quarter last year, the firm posted ($10.44) EPS. The company’s revenue was up 30.4% compared to the same quarter last year. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BA. Sanford C. Bernstein reiterated an “outperform” rating and issued a $267.00 target price on shares of Boeing in a research note on Friday, November 14th. Loop Capital set a $223.00 price objective on shares of Boeing in a research note on Monday, November 3rd. BNP Paribas set a $150.00 target price on Boeing in a research note on Tuesday, November 18th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Boeing in a report on Monday, September 29th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $275.00 price target on shares of Boeing in a research report on Monday. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.92.

Get Our Latest Report on BA

About Boeing

(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

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.