Capital Advisors Inc. OK Has $59.88 Million Stock Position in The Boeing Company $BA

Capital Advisors Inc. OK increased its position in shares of The Boeing Company (NYSE:BAFree Report) by 19.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 275,800 shares of the aircraft producer’s stock after buying an additional 44,461 shares during the period. Capital Advisors Inc. OK’s holdings in Boeing were worth $59,882,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SteelPeak Wealth LLC raised its stake in Boeing by 50.4% during the 3rd quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock valued at $5,689,000 after purchasing an additional 8,833 shares during the last quarter. Patton Fund Management Inc. grew its position in Boeing by 734.4% in the 3rd quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock worth $2,228,000 after purchasing an additional 9,085 shares during the last quarter. Fisher Asset Management LLC grew its position in Boeing by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock worth $1,188,153,000 after purchasing an additional 177,597 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Boeing by 41.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock worth $48,316,000 after purchasing an additional 65,216 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of Boeing by 47.7% during the third quarter. Farther Finance Advisors LLC now owns 18,477 shares of the aircraft producer’s stock valued at $3,988,000 after buying an additional 5,966 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mortimer J. Buckley purchased 2,230 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of $224.20 per share, with a total value of $499,966.00. Following the purchase, the director directly owned 4,430 shares in the company, valued at $993,206. This represents a 101.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the sale, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. This trade represents a 31.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 21,012 shares of company stock worth $4,980,687 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BA. Royal Bank Of Canada lifted their target price on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Weiss Ratings raised Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Vertical Research reiterated a “buy” rating and issued a $281.00 price objective on shares of Boeing in a research report on Tuesday, January 27th. Susquehanna reissued a “positive” rating and set a $280.00 price objective on shares of Boeing in a report on Thursday, January 15th. Finally, Morgan Stanley set a $245.00 price objective on Boeing in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $248.86.

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Boeing Stock Performance

NYSE BA opened at $199.03 on Wednesday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.35. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The stock has a market cap of $156.31 billion, a P/E ratio of 99.02 and a beta of 1.14. The company’s 50-day simple moving average is $225.74 and its 200 day simple moving average is $216.59.

Boeing (NYSE:BAGet Free Report) last announced its quarterly 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. During the same quarter in the prior year, the business earned ($5.90) EPS. The firm’s revenue for the quarter was up 57.1% on a year-over-year basis. As a group, research analysts forecast that The Boeing Company will post -2.58 earnings per share 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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