APS Management Group Inc. Purchases New Stake in The Boeing Company $BA

APS Management Group Inc. acquired a new position in The Boeing Company (NYSE:BAFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,307 shares of the aircraft producer’s stock, valued at approximately $923,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Harbor Asset Planning Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at about $25,000. Piscataqua Savings Bank lifted its holdings in Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 137 shares during the last quarter. Davis Capital Management acquired a new position in Boeing in the third quarter valued at approximately $33,000. Howard Hughes Medical Institute bought a new position in shares of Boeing during the second quarter valued at approximately $34,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Boeing during the 2nd quarter worth approximately $35,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE BA opened at $229.59 on Wednesday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The firm has a market cap of $174.51 billion, a P/E ratio of -16.78, a PEG ratio of 6.57 and a beta of 1.16. The stock has a fifty day moving average price of $202.48 and a two-hundred day moving average price of $215.36.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data 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 analyst estimates of $21.61 billion. During the same period last year, the business posted ($10.44) EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BA shares. Zacks Research upgraded Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target for the company. in a research report on Thursday, October 30th. Citigroup began coverage on shares of Boeing in a research report on Thursday, December 11th. They issued a “buy” rating and a $265.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Finally, UBS Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, December 10th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $235.33.

Check Out Our Latest Report on Boeing

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Dana S. Deasy bought 554 shares of Boeing stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the acquisition, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This represents a 1.99% increase in their position. The SEC filing for this purchase provides additional information. 0.09% of the stock is currently owned by corporate insiders.

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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