HB Wealth Management LLC Buys 4,165 Shares of The Boeing Company $BA

HB Wealth Management LLC lifted its stake in shares of The Boeing Company (NYSE:BAFree Report) by 22.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,327 shares of the aircraft producer’s stock after buying an additional 4,165 shares during the quarter. HB Wealth Management LLC’s holdings in Boeing were worth $4,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Realta Investment Advisors grew its holdings in shares of Boeing by 256.7% during the 3rd quarter. Realta Investment Advisors now owns 3,631 shares of the aircraft producer’s stock worth $784,000 after acquiring an additional 2,613 shares during the period. CX Institutional grew its stake in Boeing by 26.3% in the third quarter. CX Institutional now owns 7,324 shares of the aircraft producer’s stock worth $1,581,000 after purchasing an additional 1,526 shares during the period. Strategic Blueprint LLC raised its holdings in Boeing by 14.1% in the third quarter. Strategic Blueprint LLC now owns 5,330 shares of the aircraft producer’s stock worth $1,150,000 after purchasing an additional 658 shares in the last quarter. WMG Financial Advisors LLC lifted its position in Boeing by 6.6% during the third quarter. WMG Financial Advisors LLC now owns 2,513 shares of the aircraft producer’s stock valued at $542,000 after buying an additional 155 shares during the period. Finally, Childress Capital Advisors LLC grew its position in shares of Boeing by 8.4% in the 3rd quarter. Childress Capital Advisors LLC now owns 2,155 shares of the aircraft producer’s stock worth $465,000 after buying an additional 167 shares during the period. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BA. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research note on Tuesday, September 30th. Loop Capital set a $223.00 target price on shares of Boeing in a research note on Monday, November 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Tigress Financial restated a “buy” rating and issued a $275.00 price target on shares of Boeing in a research note on Monday, December 29th. Finally, Citigroup began coverage on Boeing in a research report on Thursday, December 11th. They set a “buy” rating and a $265.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.33.

Get Our Latest Stock Analysis on BA

Boeing Price Performance

BA stock opened at $234.32 on Friday. The stock has a market capitalization of $178.10 billion, a P/E ratio of -17.13, a P/E/G ratio of 6.48 and a beta of 1.16. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The business has a fifty day moving average price of $203.97 and a 200-day moving average price of $215.75.

Boeing (NYSE:BAGet Free Report) last released 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 the consensus estimate of $21.61 billion. During the same period last year, the firm earned ($10.44) EPS. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. As a group, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Trending Headlines about Boeing

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Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, 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 SEC, which is accessible through this hyperlink. Also, SVP Dana S. Deasy purchased 554 shares of the stock in a transaction dated Monday, November 24th. The shares were purchased at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the acquisition, the senior vice president directly owned 28,442 shares in the company, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.09% of the stock is owned by insiders.

Boeing Profile

(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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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