The Boeing Company $BA Shares Acquired by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lifted its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 63.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 31,757 shares of the aircraft producer’s stock after acquiring an additional 12,335 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Boeing were worth $6,854,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alpha Cubed Investments LLC lifted its position in Boeing by 43.3% during the second quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock valued at $754,000 after purchasing an additional 1,088 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Boeing during the 2nd quarter valued at about $62,859,000. Vanguard Group Inc. lifted its holdings in shares of Boeing by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock valued at $13,991,022,000 after buying an additional 1,118,316 shares during the period. SteelPeak Wealth LLC boosted its stake in shares of Boeing by 50.4% in the third quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock worth $5,689,000 after buying an additional 8,833 shares during the last quarter. Finally, Patton Fund Management Inc. grew its holdings in Boeing by 734.4% during the third quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock worth $2,228,000 after acquiring an additional 9,085 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Key Boeing News

Here are the key news stories impacting Boeing this week:

Boeing Stock Up 0.3%

Shares of NYSE BA opened at $252.16 on Monday. The firm has a market cap of $191.66 billion, a price-to-earnings ratio of -18.43, a price-to-earnings-growth ratio of 7.18 and a beta of 1.16. The company’s 50-day simple moving average is $214.08 and its 200-day simple moving average is $218.29. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $254.14.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the company earned ($10.44) earnings per share. The company’s quarterly revenue was up 30.4% compared to the same quarter last year. Equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $250.00 price target on shares of Boeing in a report on Monday, September 29th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a research note on Tuesday, December 9th. New Street Research set a $257.00 price target on shares of Boeing in a report on Tuesday, December 9th. Loop Capital set a $223.00 price objective on shares of Boeing in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Boeing from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $241.26.

Read Our Latest Stock Report on BA

Insider Activity at Boeing

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

Boeing Profile

(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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