Fifth Third Wealth Advisors LLC Increases Stake in The Boeing Company $BA

Fifth Third Wealth Advisors LLC lifted its stake in shares of The Boeing Company (NYSE:BAFree Report) by 20.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,337 shares of the aircraft producer’s stock after buying an additional 2,901 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Boeing were worth $3,764,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new position in Boeing in the third quarter worth approximately $25,000. Reyes Financial Architecture Inc. acquired a new position in Boeing during the 3rd quarter worth approximately $32,000. Davis Capital Management purchased a new stake in shares of Boeing in the 3rd quarter valued at approximately $33,000. Game Plan Financial Advisors LLC increased its position in shares of Boeing by 650.0% in the 4th quarter. Game Plan Financial Advisors LLC now owns 150 shares of the aircraft producer’s stock valued at $33,000 after purchasing an additional 130 shares during the last quarter. Finally, Howard Hughes Medical Institute acquired a new stake in shares of Boeing in the 2nd quarter valued at $34,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 1,503 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the transaction, the executive vice president directly owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. The trade was a 7.33% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mortimer J. Buckley acquired 2,230 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of $224.20 per share, with a total value of $499,966.00. Following the transaction, the director owned 4,430 shares in the company, valued at $993,206. The trade was a 101.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold 21,012 shares of company stock worth $4,980,687 over the last three months. 0.10% of the stock is owned by company insiders.

Boeing Stock Performance

Shares of BA stock opened at $199.03 on Wednesday. The stock’s 50-day moving average price is $225.74 and its 200 day moving average price is $216.59. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The stock has a market capitalization of $156.31 billion, a PE ratio of 99.02 and a beta of 1.14. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $254.35.

Boeing (NYSE:BAGet Free Report) 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. During the same period in the previous year, the business posted ($5.90) earnings per share. The firm’s revenue was up 57.1% compared to the same quarter last year. As a group, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BA shares. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Vertical Research restated a “buy” rating and issued a $281.00 price target on shares of Boeing in a research note on Tuesday, January 27th. Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. Finally, Tigress Financial increased their price objective on Boeing from $275.00 to $290.00 and gave the company a “buy” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $248.86.

Check Out Our Latest Stock Report on Boeing

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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