Capital Wealth Planning LLC Acquires 14,175 Shares of The Boeing Company $BA

Capital Wealth Planning LLC lifted its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 102.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,034 shares of the aircraft producer’s stock after purchasing an additional 14,175 shares during the quarter. Capital Wealth Planning LLC’s holdings in Boeing were worth $6,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Purus Wealth Management LLC boosted its stake in shares of Boeing by 3.6% during the 4th quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock worth $256,000 after acquiring an additional 41 shares during the period. West Wealth Group LLC boosted its stake in Boeing by 0.6% in the 4th quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer’s stock valued at $1,581,000 after purchasing an additional 42 shares during the period. First Heartland Consultants Inc. boosted its stake in Boeing by 1.1% in the 4th quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock valued at $882,000 after purchasing an additional 43 shares during the period. XML Financial LLC boosted its stake in Boeing by 0.5% in the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after purchasing an additional 43 shares during the period. Finally, Global Financial Private Client LLC boosted its stake in Boeing by 1.1% in the 4th quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock valued at $874,000 after purchasing an additional 44 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

NYSE:BA opened at $209.31 on Thursday. The stock has a fifty day moving average price of $222.11 and a 200-day moving average price of $221.11. The company has a market cap of $165.00 billion, a price-to-earnings ratio of 101.61 and a beta of 1.19. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.49) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In related news, Director Bradley D. Tilden bought 1,370 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director owned 1,370 shares in the company, valued at $299,345. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on BA shares. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Wolfe Research restated an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research note on Thursday, April 23rd. Citigroup boosted their price target on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Morgan Stanley boosted their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Read Our Latest Stock Report on BA

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

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.

Read More

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.