Capital Advisors Inc. OK Acquires 8,985 Shares of The Boeing Company $BA

Capital Advisors Inc. OK boosted its holdings in The Boeing Company (NYSE:BA) by 4.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 231,339 shares of the aircraft producer’s stock after purchasing an additional 8,985 shares during the quarter. Capital Advisors Inc. OK’s holdings in Boeing were worth $49,930,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Boeing in the 2nd quarter worth approximately $378,459,000. Vanguard Group Inc. boosted its holdings in Boeing by 1.7% in the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after acquiring an additional 1,118,316 shares in the last quarter. Ninety One UK Ltd purchased a new stake in shares of Boeing in the third quarter worth $192,734,000. Amundi increased its holdings in shares of Boeing by 75.5% during the second quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock valued at $376,700,000 after acquiring an additional 764,236 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Boeing by 3,581.5% in the 2nd quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after purchasing an additional 692,489 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Dana S. Deasy bought 554 shares of Boeing stock in a transaction on Monday, November 24th. The shares were acquired at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the acquisition, the senior vice president owned 28,442 shares of the company’s stock, valued at $5,087,704.96. The trade was a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. BNP Paribas set a $150.00 price target on shares of Boeing in a report on Tuesday, November 18th. BNP Paribas Exane initiated coverage on shares of Boeing in a report on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research report on Thursday, October 30th. Finally, Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $234.92.

Boeing Trading Up 4.7%

Shares of BA stock opened at $227.27 on Friday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The stock has a market capitalization of $172.74 billion, a P/E ratio of -16.61, a P/E/G ratio of 6.56 and a beta of 1.16. The firm’s 50 day moving average is $202.26 and its 200 day moving average is $214.80.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. Boeing’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter last year, the firm earned ($10.44) earnings per share. As a group, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing Company 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.