GRIMES & Co WEALTH MANAGEMENT LLC Has $1.55 Million Stock Holdings in The Boeing Company $BA

GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in The Boeing Company (NYSE:BAFree Report) by 102.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,178 shares of the aircraft producer’s stock after buying an additional 3,630 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Boeing were worth $1,549,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BA. Vanguard Group Inc. increased its position in Boeing by 1.7% during the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after acquiring an additional 1,118,316 shares during the period. Geode Capital Management LLC increased its holdings in shares of Boeing by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock worth $3,402,073,000 after purchasing an additional 432,026 shares during the period. Fisher Asset Management LLC raised its position in shares of Boeing by 3.8% during the second quarter. Fisher Asset Management LLC now owns 5,327,443 shares of the aircraft producer’s stock valued at $1,116,259,000 after buying an additional 196,666 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Boeing by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer’s stock valued at $888,910,000 after buying an additional 44,338 shares during the period. Finally, Legal & General Group Plc grew its position in Boeing by 6.3% during the second quarter. Legal & General Group Plc now owns 3,145,620 shares of the aircraft producer’s stock worth $659,102,000 after buying an additional 187,545 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

More Boeing News

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Boeing Price Performance

Boeing stock opened at $244.48 on Wednesday. The firm has a market capitalization of $185.82 billion, a P/E ratio of -17.87, a P/E/G ratio of 6.83 and a beta of 1.16. The stock has a fifty day moving average price of $205.59 and a two-hundred day moving average price of $216.45. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $247.40.

Boeing (NYSE:BAGet Free Report) last issued its earnings results 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 firm had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($10.44) EPS. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Dana S. Deasy bought 554 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was 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 of the company’s stock, valued at $5,087,704.96. The trade was a 1.99% increase in their position. The SEC filing for this purchase provides additional information. 0.09% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on BA. BNP Paribas Exane began coverage on Boeing in a report on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price target for the company. Tigress Financial restated a “buy” rating and set a $275.00 price objective on shares of Boeing in a research report on Monday, December 29th. Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a report on Thursday, October 30th. Finally, New Street Research set a $257.00 price objective on shares of Boeing in a report on Tuesday, December 9th. Three equities research 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $235.54.

Get Our Latest Stock Analysis on Boeing

Boeing Company 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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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