Anchor Investment Management LLC Acquires 4,159 Shares of The Boeing Company $BA

Anchor Investment Management LLC boosted its stake in The Boeing Company (NYSE:BAFree Report) by 79.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,395 shares of the aircraft producer’s stock after acquiring an additional 4,159 shares during the period. Anchor Investment Management LLC’s holdings in Boeing were worth $2,028,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the 4th quarter valued at about $201,000. Sivia Capital Partners LLC raised its stake in Boeing by 16.5% in the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after buying an additional 217 shares in the last quarter. Rovida Advisors Inc. purchased a new stake in Boeing in the second quarter worth about $129,231,000. Foundations Investment Advisors LLC boosted its position in Boeing by 12.2% during the 2nd quarter. Foundations Investment Advisors LLC now owns 13,305 shares of the aircraft producer’s stock valued at $2,788,000 after acquiring an additional 1,448 shares in the last quarter. Finally, WealthShield Partners LLC boosted its position in Boeing by 52.5% during the 2nd quarter. WealthShield Partners LLC now owns 2,778 shares of the aircraft producer’s stock valued at $582,000 after acquiring an additional 956 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

Boeing Stock Up 2.5%

BA stock opened at $209.97 on Monday. The business has a 50 day moving average of $235.19 and a 200 day moving average of $219.17. The firm has a market cap of $164.90 billion, a PE ratio of 104.46 and a beta of 1.14. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.35. 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:BAGet Free Report) last released 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 company had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $22.41 billion. During the same period last year, the firm posted ($5.90) earnings per share. The company’s revenue was up 57.1% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity

In other news, Director Mortimer J. Buckley bought 2,230 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the acquisition, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. This represents a 101.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Uma M. Amuluru sold 2,731 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $236.00, for a total transaction of $644,516.00. Following the sale, the executive vice president owned 11,925 shares in the company, valued at approximately $2,814,300. The trade was a 18.63% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 21,012 shares of company stock worth $4,980,687. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BA. Tigress Financial reissued a “buy” rating and issued a $275.00 target price on shares of Boeing in a research report on Monday, December 29th. New Street Research set a $257.00 price target on Boeing in a research note on Tuesday, December 9th. BNP Paribas Exane set a $150.00 price objective on Boeing in a report on Tuesday, November 18th. Vertical Research restated a “buy” rating and set a $281.00 target price on shares of Boeing in a report on Tuesday, January 27th. Finally, Argus raised shares of Boeing to a “hold” rating in a research report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $246.14.

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Boeing Company 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.

Further Reading

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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