Bradley Foster & Sargent Inc. CT Raises Holdings in The Boeing Company $BA

Bradley Foster & Sargent Inc. CT increased its stake in shares of The Boeing Company (NYSE:BAFree Report) by 8,079.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,684 shares of the aircraft producer’s stock after acquiring an additional 182,426 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Boeing were worth $39,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Davis Capital Management purchased a new position in shares of Boeing in the third quarter worth $33,000. Howard Hughes Medical Institute purchased a new stake in Boeing during the 2nd quarter valued at $34,000. Decker Retirement Planning Inc. bought a new stake in Boeing in the 2nd quarter worth $35,000. Centerpoint Advisors LLC increased its position in shares of Boeing by 62.4% in the third quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock valued at $35,000 after acquiring an additional 63 shares during the period. Finally, Legacy Investment Solutions LLC bought a new position in shares of Boeing during the second quarter valued at about $39,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Vertical Research restated a “buy” rating and set a $281.00 target price on shares of Boeing in a report on Tuesday, January 27th. Royal Bank Of Canada raised their price target on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $246.14.

Read Our Latest Research Report on BA

Boeing Stock Up 1.3%

NYSE:BA opened at $233.44 on Wednesday. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. The firm’s 50-day moving average price is $233.57 and its 200-day moving average price is $219.89. The company has a market capitalization of $183.33 billion, a PE ratio of 116.14 and a beta of 1.15. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $254.35.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $22.41 billion. The company’s revenue was up 57.1% on a year-over-year basis. During the same period last year, the business earned ($5.90) earnings per share. On average, equities analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total value of $2,456,193.03. Following the sale, the executive vice president directly owned 14,692 shares of the company’s stock, valued at $3,437,781.08. The trade was a 41.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 2,731 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $236.00, for a total value of $644,516.00. Following the transaction, the executive vice president directly owned 11,925 shares of the company’s stock, valued at approximately $2,814,300. This trade represents a 18.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,509 shares of company stock valued at $4,629,316 in the last ninety days. 0.09% of the stock is currently owned by corporate insiders.

Key Boeing News

Here are the key news stories impacting Boeing this week:

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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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