Bradley Foster & Sargent Inc. CT Increases Stock Position in The Boeing Company $BA

Bradley Foster & Sargent Inc. CT increased its holdings in The Boeing Company (NYSE:BAFree Report) by 8,079.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 184,684 shares of the aircraft producer’s stock after buying an additional 182,426 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Boeing were worth $39,860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blue Barn Wealth LLC grew its position in shares of Boeing by 1.8% in the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after purchasing an additional 46 shares in the last quarter. N.E.W. Advisory Services LLC boosted its stake in Boeing by 3.1% in the 3rd quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock worth $332,000 after purchasing an additional 46 shares during the period. Motco grew its holdings in Boeing by 5.4% during the 3rd quarter. Motco now owns 921 shares of the aircraft producer’s stock valued at $199,000 after buying an additional 47 shares in the last quarter. Encompass Wealth Advisors LLC increased its position in shares of 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 buying an additional 47 shares during the period. Finally, Jacobsen Capital Management lifted its holdings in shares of Boeing by 4.6% in the third quarter. Jacobsen Capital Management now owns 1,070 shares of the aircraft producer’s stock worth $231,000 after buying an additional 47 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

Boeing Stock Performance

NYSE BA opened at $233.44 on Wednesday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $254.35. The company has a fifty day moving average of $233.57 and a 200-day moving average of $219.89. The company has a market capitalization of $183.33 billion, a P/E ratio of 116.14 and a beta of 1.15. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19.

Boeing (NYSE:BAGet Free Report) last released its quarterly 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 firm had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $22.41 billion. During the same quarter in the previous year, the business earned ($5.90) EPS. The company’s revenue for the quarter was up 57.1% on a year-over-year basis. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, SVP Ann M. Schmidt sold 6,281 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the sale, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. The trade was a 31.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 transaction of $2,456,193.03. Following the transaction, the executive vice president 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 disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 19,509 shares of company stock valued at $4,629,316. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BA shares. Jefferies Financial Group boosted their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Sunday, February 1st. Susquehanna restated a “positive” rating and set a $280.00 price target on shares of Boeing in a research report on Thursday, January 15th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. Loop Capital set a $223.00 price objective on Boeing in a research report on Monday, November 3rd. Finally, Zacks Research upgraded Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $246.14.

Read Our Latest Stock Analysis on BA

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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