Accredited Wealth Management LLC Has $1.78 Million Stock Holdings in The Boeing Company $BA

Accredited Wealth Management LLC raised its holdings in The Boeing Company (NYSE:BAFree Report) by 2,531.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,237 shares of the aircraft producer’s stock after purchasing an additional 7,924 shares during the quarter. Boeing accounts for approximately 1.5% of Accredited Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Accredited Wealth Management LLC’s holdings in Boeing were worth $1,778,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of BA. Revolve Wealth Partners LLC acquired a new position in shares of Boeing during the fourth quarter worth $201,000. Sivia Capital Partners LLC grew its holdings in Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after acquiring an additional 217 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Boeing by 1.4% during the second quarter. Flagship Harbor Advisors LLC now owns 4,293 shares of the aircraft producer’s stock worth $899,000 after purchasing an additional 59 shares during the period. World Investment Advisors raised its position in Boeing by 13.9% during the 2nd quarter. World Investment Advisors now owns 9,956 shares of the aircraft producer’s stock worth $2,086,000 after purchasing an additional 1,216 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its stake in shares of Boeing by 41.6% in the second quarter. Hantz Financial Services Inc. now owns 1,086 shares of the aircraft producer’s stock valued at $228,000 after buying an additional 319 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Susquehanna restated a “positive” rating and issued a $280.00 price target on shares of Boeing in a research report on Thursday, January 15th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Thursday, February 5th. TD Cowen reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Finally, Weiss Ratings raised Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $246.14.

Get Our Latest Research Report on Boeing

Insiders Place Their Bets

In related news, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the sale, the executive vice president directly owned 14,692 shares in the company, valued at approximately $3,437,781.08. The trade was a 41.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ann M. Schmidt sold 6,281 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the transaction, the senior vice president owned 13,978 shares of the company’s stock, valued at approximately $3,401,825.86. This represents a 31.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 21,012 shares of company stock worth $4,980,687 over the last quarter. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Down 0.8%

Boeing stock opened at $227.66 on Friday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $254.35. The firm’s 50-day simple moving average is $234.75 and its 200 day simple moving average is $220.03. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The stock has a market cap of $178.79 billion, a PE ratio of 113.26 and a beta of 1.15.

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

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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