ARS Investment Partners LLC Purchases 37,039 Shares of The Boeing Company $BA

ARS Investment Partners LLC increased its holdings in The Boeing Company (NYSE:BA) by 23.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,331 shares of the aircraft producer’s stock after buying an additional 37,039 shares during the period. Boeing accounts for approximately 2.0% of ARS Investment Partners LLC’s portfolio, making the stock its 19th largest holding. ARS Investment Partners LLC’s holdings in Boeing were worth $38,877,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Purus Wealth Management LLC grew its position in Boeing by 3.6% during the fourth quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock worth $256,000 after buying an additional 41 shares in the last quarter. West Wealth Group LLC raised its holdings in shares of 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 acquiring an additional 42 shares in the last quarter. First Heartland Consultants Inc. raised its holdings in shares of 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 acquiring an additional 43 shares in the last quarter. XML Financial LLC boosted its position in shares of Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after acquiring an additional 43 shares during the last quarter. Finally, Global Financial Private Client LLC boosted its position in shares of Boeing by 1.1% during the 4th quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock valued at $874,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. Citigroup boosted their price objective on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Morgan Stanley lifted their target price on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Finally, Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.32.

Insiders Place Their Bets

In other news, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Boeing Trading Up 0.4%

Shares of BA stock opened at $223.51 on Friday. 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 business has a 50-day moving average price of $224.23 and a two-hundred day moving average price of $222.81. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The firm has a market cap of $176.19 billion, a P/E ratio of 108.50 and a beta of 1.19.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Boeing’s revenue for the quarter 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. Equities analysts anticipate that The Boeing Company will post -0.15 EPS for the current fiscal year.

Boeing Profile

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.