Diversified Trust Co Acquires 5,007 Shares of The Boeing Company $BA

Diversified Trust Co increased its holdings in The Boeing Company (NYSE:BA) by 73.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,781 shares of the aircraft producer’s stock after acquiring an additional 5,007 shares during the quarter. Diversified Trust Co’s holdings in Boeing were worth $2,345,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BA shares. Wolfe Research reiterated an “outperform” rating and set a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Tigress Financial raised 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. Weiss Ratings cut Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Citigroup upped their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Morgan Stanley increased their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Two investment 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 stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $262.32.

Insider Activity

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the 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 completion of the acquisition, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Boeing Stock Up 0.4%

Shares of Boeing stock opened at $223.51 on Monday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The firm has a market cap of $176.19 billion, a price-to-earnings ratio of 108.50 and a beta of 1.20. The company has a 50-day moving average of $224.23 and a 200 day moving average of $223.07. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 business had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. The company’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.49) EPS. As a group, sell-side analysts anticipate that The Boeing Company will post -0.15 earnings per share 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.