Aberdeen Group plc Increases Holdings in The Boeing Company $BA

Aberdeen Group plc boosted its stake in The Boeing Company (NYSE:BA) by 22.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 637,999 shares of the aircraft producer’s stock after buying an additional 116,013 shares during the period. Aberdeen Group plc owned 0.08% of Boeing worth $138,497,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Boeing by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after purchasing an additional 1,118,316 shares during the period. Newport Trust Company LLC boosted its stake in Boeing by 2.5% during 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 acquiring an additional 707,490 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Boeing by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock valued at $3,402,073,000 after purchasing an additional 432,026 shares during the period. Fisher Asset Management LLC increased its stake in shares of Boeing by 3.8% in the 2nd quarter. Fisher Asset Management LLC now owns 5,327,443 shares of the aircraft producer’s stock valued at $1,116,259,000 after acquiring an additional 196,666 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Boeing by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer’s stock worth $888,910,000 after purchasing an additional 44,338 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of BA stock opened at $242.96 on Friday. The stock’s fifty day simple moving average is $228.92 and its 200 day simple moving average is $219.35. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. The Boeing Company has a one year low of $128.88 and a one year high of $254.35. The firm has a market cap of $190.80 billion, a price-to-earnings ratio of 120.87 and a beta of 1.15.

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

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 2,731 shares of Boeing 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 directly owned 11,925 shares in the company, valued at approximately $2,814,300. The trade was a 18.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Dana S. Deasy acquired 554 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BA. Susquehanna reiterated a “positive” rating and issued a $280.00 price target on shares of Boeing in a research report on Thursday, January 15th. Vertical Research reissued a “buy” rating and set a $281.00 price target on shares of Boeing in a research report on Tuesday, January 27th. Royal Bank Of Canada boosted their price target on shares of Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Argus upgraded Boeing to a “hold” rating in a report on Monday, February 2nd. Finally, BNP Paribas Exane set a $150.00 target price on shares of Boeing in a report on Tuesday, November 18th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $246.14.

Boeing Company Profile

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.