The Boeing Company $BA Shares Bought by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. grew its position in The Boeing Company (NYSE:BAFree Report) by 12.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,300 shares of the aircraft producer’s stock after buying an additional 14,700 shares during the quarter. Boeing accounts for 1.0% of Adams Diversified Equity Fund Inc.’s holdings, making the stock its 28th largest holding. Adams Diversified Equity Fund Inc.’s holdings in Boeing were worth $29,202,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Wallace Advisory Group LLC grew its position in Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after acquiring an additional 44 shares in the last quarter. Aspire Capital Advisors LLC boosted its stake in shares of Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after purchasing an additional 45 shares during the period. Lantz Financial LLC grew its holdings in shares of Boeing by 1.5% in the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock valued at $644,000 after purchasing an additional 46 shares in the last quarter. Blue Barn Wealth LLC increased its stake in Boeing by 1.8% during the 2nd quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after buying an additional 46 shares during the period. Finally, Motco increased its stake in Boeing by 5.4% during the 3rd quarter. Motco now owns 921 shares of the aircraft producer’s stock worth $199,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

Wall Street Analyst Weigh In

Several brokerages have commented on BA. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price for the company. in a report on Thursday, October 30th. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Tigress Financial reaffirmed a “buy” rating and issued a $275.00 price target on shares of Boeing in a research report on Monday, December 29th. Finally, Loop Capital set a $223.00 price objective on Boeing in a research report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $235.33.

Read Our Latest Research Report on Boeing

Insider Buying and Selling

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

Boeing Price Performance

Boeing stock opened at $229.59 on Wednesday. The stock has a market cap of $174.51 billion, a PE ratio of -16.78, a P/E/G ratio of 6.57 and a beta of 1.16. The stock’s fifty day moving average is $202.48 and its two-hundred day moving average is $215.36. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm posted ($10.44) EPS. The business’s revenue was up 30.4% on a year-over-year basis. On average, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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