The Boeing Company $BA Shares Purchased by Glenview Trust Co

Glenview Trust Co boosted its stake in The Boeing Company (NYSE:BA) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 220,334 shares of the aircraft producer’s stock after buying an additional 8,060 shares during the period. Boeing makes up approximately 0.8% of Glenview Trust Co’s portfolio, making the stock its 27th biggest position. Glenview Trust Co’s holdings in Boeing were worth $47,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the stock. Revolve Wealth Partners LLC purchased a new position in Boeing in the 4th quarter valued at approximately $201,000. Sivia Capital Partners LLC raised its stake in shares of Boeing by 16.5% in the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after acquiring an additional 217 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in Boeing by 25.5% in the second quarter. Koshinski Asset Management Inc. now owns 3,161 shares of the aircraft producer’s stock valued at $662,000 after purchasing an additional 643 shares during the period. Signature Estate & Investment Advisors LLC grew its stake in Boeing by 5.3% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 5,279 shares of the aircraft producer’s stock worth $1,106,000 after purchasing an additional 267 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Boeing during the 2nd quarter worth about $7,522,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a research note on Thursday, October 30th. Morgan Stanley set a $245.00 price target on shares of Boeing in a research note on Wednesday, January 28th. Wolfe Research reissued an “outperform” rating on shares of Boeing in a research report on Tuesday, January 27th. TD Cowen restated a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. Finally, Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $246.14.

Boeing Stock Performance

NYSE BA opened at $242.96 on Tuesday. The firm has a market cap of $190.80 billion, a P/E ratio of 120.87 and a beta of 1.15. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $254.35. The business’s 50-day moving average price is $229.65 and its 200 day moving average price is $219.45. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37.

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

Insider Activity at Boeing

In other news, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the transaction, the executive vice president directly owned 14,692 shares in the company, valued at $3,437,781.08. The trade was a 41.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 price of $178.88 per share, with a total value of $99,099.52. Following the transaction, the senior vice president owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.09% of the stock is currently owned by insiders.

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.