First Horizon Corp Takes Position in The Boeing Company $BA

First Horizon Corp acquired a new position in The Boeing Company (NYSE:BAFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,321 shares of the aircraft producer’s stock, valued at approximately $933,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $201,000. HBW Advisory Services LLC boosted its stake in Boeing by 5.9% during the 2nd quarter. HBW Advisory Services LLC now owns 1,649 shares of the aircraft producer’s stock valued at $346,000 after purchasing an additional 92 shares in the last quarter. RB Capital Management LLC increased its position in shares of Boeing by 4.0% during the 2nd quarter. RB Capital Management LLC now owns 1,710 shares of the aircraft producer’s stock valued at $358,000 after purchasing an additional 66 shares during the period. Nova Wealth Management Inc. increased its position in shares of Boeing by 40.3% during the 2nd quarter. Nova Wealth Management Inc. now owns 421 shares of the aircraft producer’s stock valued at $88,000 after purchasing an additional 121 shares during the period. Finally, Capital Asset Advisory Services LLC raised its stake in shares of Boeing by 126.7% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 3,008 shares of the aircraft producer’s stock worth $631,000 after buying an additional 1,681 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 2.2%

BA stock opened at $239.73 on Tuesday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The firm has a 50-day moving average of $204.67 and a two-hundred day moving average of $216.24. The firm has a market capitalization of $182.22 billion, a PE ratio of -17.52, a P/E/G ratio of 6.68 and a beta of 1.16.

Boeing (NYSE:BAGet Free Report) last released its 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 for the quarter, compared to analyst estimates of $21.61 billion. Boeing’s quarterly revenue was up 30.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($10.44) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on BA. Loop Capital set a $223.00 target price on Boeing in a research note on Monday, November 3rd. BNP Paribas set a $150.00 price target on shares of Boeing in a report on Tuesday, November 18th. Susquehanna reduced their price objective on shares of Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a research report on Wednesday, November 12th. Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, New Street Research set a $257.00 target price on shares of Boeing in a research note on Tuesday, December 9th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $235.33.

Read Our Latest Stock Analysis on Boeing

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president owned 14,656 shares in the company, 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 this link. Also, SVP Dana S. Deasy purchased 554 shares of the stock in a transaction dated Monday, November 24th. The shares were acquired at an average price of $178.88 per share, for a total transaction of $99,099.52. Following 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. Additional details regarding this purchase are available in the official SEC disclosure. 0.09% of the stock is owned by insiders.

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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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