The Boeing Company $BA Position Increased by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its holdings in shares of The Boeing Company (NYSE:BA) by 25.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,906 shares of the aircraft producer’s stock after acquiring an additional 3,684 shares during the quarter. Advisors Asset Management Inc.’s holdings in Boeing were worth $3,865,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BA. Wallace Advisory Group LLC increased its holdings in shares of Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after acquiring an additional 44 shares during the period. Blue Barn Wealth LLC raised its holdings in Boeing by 1.8% during the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after purchasing an additional 46 shares in the last quarter. N.E.W. Advisory Services LLC lifted its holdings in shares of Boeing by 3.1% in the third quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock valued at $332,000 after buying an additional 46 shares during the period. Motco lifted its holdings in Boeing by 5.4% in the 3rd quarter. Motco now owns 921 shares of the aircraft producer’s stock valued at $199,000 after acquiring an additional 47 shares during the last quarter. Finally, Encompass Wealth Advisors LLC lifted its stake in Boeing by 0.9% during the third quarter. Encompass Wealth Advisors LLC now owns 5,045 shares of the aircraft producer’s stock valued at $1,089,000 after purchasing an additional 47 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada increased their price target on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Jefferies Financial Group lifted their price target on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Sunday, February 1st. TD Cowen reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Finally, JPMorgan Chase & Co. upped their target price on Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $246.14.

Insider Buying and Selling

In other news, EVP Uma M. Amuluru sold 2,731 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total transaction of $644,516.00. Following the completion of the transaction, the executive vice president directly owned 11,925 shares in the company, valued at $2,814,300. The trade was a 18.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $233.99, for a total value of $2,456,193.03. Following the completion of the sale, the executive vice president directly owned 14,692 shares of the company’s stock, valued at $3,437,781.08. This represents a 41.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of Boeing stock opened at $242.96 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37. The firm has a fifty day simple moving average of $228.92 and a 200-day simple moving average of $219.40. The stock has a market capitalization of $190.80 billion, a price-to-earnings ratio of 120.87 and a beta of 1.15. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $254.35.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, topping the consensus estimate of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $22.41 billion. The business’s revenue was up 57.1% compared to the same quarter last year. During the same quarter last year, the business earned ($5.90) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

About Boeing

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.