Ashton Thomas Private Wealth LLC Boosts Position in The Boeing Company $BA

Ashton Thomas Private Wealth LLC grew its stake in The Boeing Company (NYSE:BAFree Report) by 28.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,948 shares of the aircraft producer’s stock after purchasing an additional 2,902 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Boeing were worth $2,795,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Boeing by 1.7% during the second 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 last quarter. Newport Trust Company LLC increased its holdings in shares of Boeing by 2.5% in the 3rd quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock worth $6,301,901,000 after purchasing an additional 707,490 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Boeing by 2.7% in the second quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock worth $3,402,073,000 after purchasing an additional 432,026 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Boeing by 3.8% during the second quarter. Fisher Asset Management LLC now owns 5,327,443 shares of the aircraft producer’s stock valued at $1,116,259,000 after purchasing an additional 196,666 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Boeing by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer’s stock valued at $888,910,000 after buying an additional 44,338 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of Boeing stock opened at $236.68 on Friday. The company has a market capitalization of $185.88 billion, a price-to-earnings ratio of 117.75, a PEG ratio of 11.61 and a beta of 1.15. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The stock’s 50-day simple moving average is $223.68 and its 200-day simple moving average is $218.99. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $254.35.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $22.41 billion. During the same quarter in the previous year, the business earned ($5.90) EPS. The company’s quarterly revenue was up 57.1% on a year-over-year basis. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BA. JPMorgan Chase & Co. raised their target price on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. BNP Paribas Exane set a $150.00 price target on Boeing in a research note on Tuesday, November 18th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Citigroup reissued a “buy” rating on shares of Boeing in a report on Thursday. Finally, TD Cowen restated a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, four have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $247.39.

Check Out Our Latest Analysis on BA

Trending Headlines about Boeing

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Insider Activity

In related news, SVP Dana S. Deasy acquired 554 shares of Boeing stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $178.88 per share, with a total value 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 $5,087,704.96. The trade was a 1.99% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Uma M. Amuluru sold 2,731 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $236.00, for a total value of $644,516.00. Following the sale, the executive vice president owned 11,925 shares in the company, valued at $2,814,300. The trade was a 18.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate 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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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