BSN CAPITAL PARTNERS Ltd Buys Shares of 81,208 The Boeing Company $BA

BSN CAPITAL PARTNERS Ltd acquired a new position in The Boeing Company (NYSE:BA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 81,208 shares of the aircraft producer’s stock, valued at approximately $18,109,000. Boeing comprises 0.8% of BSN CAPITAL PARTNERS Ltd’s portfolio, making the stock its 20th largest position.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the third quarter worth $25,000. Strive Financial Group LLC bought a new stake in Boeing during the fourth quarter valued at about $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing in the fourth quarter worth about $26,000. CrossGen Wealth LLC bought a new position in Boeing in the 4th quarter worth $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in Boeing in the 4th quarter worth $27,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley increased 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. Wolfe Research reissued an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Citigroup boosted their price target on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 18th. Tigress Financial raised their price objective on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.32.

Boeing Trading Up 0.4%

Shares of BA stock opened at $223.51 on Friday. The company’s 50-day moving average price is $224.23 and its 200-day moving average price is $222.81. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The stock has a market cap of $176.19 billion, a price-to-earnings ratio of 108.50 and a beta of 1.19.

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

Insider Buying and Selling at Boeing

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

About Boeing

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.