CWA Asset Management Group LLC Has $3.25 Million Stock Position in The Boeing Company $BA

CWA Asset Management Group LLC increased its position in shares of The Boeing Company (NYSE:BA) by 161.6% during the third quarter, Holdings Channel reports. The fund owned 15,070 shares of the aircraft producer’s stock after acquiring an additional 9,309 shares during the quarter. CWA Asset Management Group LLC’s holdings in Boeing were worth $3,253,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new position in shares of Boeing during the fourth quarter valued at $201,000. AQR Capital Management LLC boosted its position in Boeing by 522.5% during the 1st quarter. AQR Capital Management LLC now owns 69,170 shares of the aircraft producer’s stock worth $11,797,000 after acquiring an additional 58,059 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Boeing by 13.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 83,934 shares of the aircraft producer’s stock valued at $14,315,000 after acquiring an additional 10,262 shares in the last quarter. UniSuper Management Pty Ltd increased its holdings in shares of Boeing by 7.8% in the 1st quarter. UniSuper Management Pty Ltd now owns 49,912 shares of the aircraft producer’s stock valued at $8,512,000 after purchasing an additional 3,600 shares during the period. Finally, Ashton Thomas Private Wealth LLC lifted its position in shares of Boeing by 21.4% in the first quarter. Ashton Thomas Private Wealth LLC now owns 9,705 shares of the aircraft producer’s stock worth $1,655,000 after purchasing an additional 1,710 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 0.2%

Shares of Boeing stock opened at $228.23 on Tuesday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The stock has a 50 day moving average price of $202.36 and a two-hundred day moving average price of $215.14. The stock has a market capitalization of $173.47 billion, a P/E ratio of -16.68, a PEG ratio of 6.56 and a beta of 1.16.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share 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. The company’s revenue was up 30.4% compared to the same quarter last year. During the same period last year, the firm earned ($10.44) EPS. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on BA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. BNP Paribas Exane assumed coverage on shares of Boeing in a research note on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price target on the stock. Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a report on Thursday, October 30th. Citigroup assumed coverage on Boeing in a research note on Thursday, December 11th. They issued a “buy” rating and a $265.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price target on Boeing from $240.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $234.92.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 1,366 shares of the business’s 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 completion of the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dana S. Deasy bought 554 shares of the stock in a transaction on Monday, November 24th. The stock was acquired at an average cost 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 approximately $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 insiders.

Boeing 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.