Chicago Partners Investment Group LLC Buys 2,599 Shares of The Boeing Company $BA

Chicago Partners Investment Group LLC grew its position in The Boeing Company (NYSE:BAFree Report) by 24.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,034 shares of the aircraft producer’s stock after purchasing an additional 2,599 shares during the period. Chicago Partners Investment Group LLC’s holdings in Boeing were worth $2,594,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BA. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing in the 3rd quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in Boeing during the 4th quarter valued at $25,000. Ares Financial Consulting LLC acquired a new stake in Boeing during the 4th quarter valued at $26,000. CrossGen Wealth LLC bought a new position in Boeing in the 4th quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in Boeing in the 4th quarter valued at $27,000. Institutional investors own 64.82% of the company’s stock.

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Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley boosted their price objective on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Wolfe Research restated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Citigroup upped their price target on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Tigress Financial increased their price objective on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $261.61.

Read Our Latest Research Report on Boeing

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Boeing Price Performance

Shares of BA stock opened at $215.74 on Tuesday. The firm has a market cap of $170.07 billion, a price-to-earnings ratio of 104.73 and a beta of 1.21. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The stock has a 50-day moving average price of $223.01 and a 200 day moving average price of $224.83.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.49) earnings per share. Research analysts expect that The Boeing Company will post -0.1 EPS for the current year.

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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