Chicago Capital LLC Buys 3,663 Shares of The Boeing Company $BA

Chicago Capital LLC raised its stake in The Boeing Company (NYSE:BAFree Report) by 31.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,238 shares of the aircraft producer’s stock after acquiring an additional 3,663 shares during the period. Chicago Capital LLC’s holdings in Boeing were worth $3,308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in Boeing in the third quarter worth $25,000. American National Bank & Trust boosted its stake in Boeing by 124.2% in the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new position in Boeing in the third quarter worth $32,000. Davis Capital Management acquired a new position in Boeing in the third quarter worth $33,000. Finally, Game Plan Financial Advisors LLC boosted its stake in Boeing by 650.0% in the fourth quarter. Game Plan Financial Advisors LLC now owns 150 shares of the aircraft producer’s stock worth $33,000 after purchasing an additional 130 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

Insiders Place Their Bets

In other news, EVP Howard E. Mckenzie sold 10,497 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total value of $2,456,193.03. Following the completion of the sale, the executive vice president directly owned 14,692 shares of the company’s stock, valued at $3,437,781.08. This trade represents a 41.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mortimer J. Buckley acquired 2,230 shares of the business’s stock in a transaction dated 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 transaction, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. The trade was a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders sold 21,012 shares of company stock valued at $4,980,687. Corporate insiders own 0.10% of the company’s stock.

Boeing Stock Up 2.0%

Shares of Boeing stock opened at $223.17 on Friday. The Boeing Company has a 1 year low of $156.47 and a 1 year high of $254.35. The business has a 50-day moving average of $219.27 and a two-hundred day moving average of $216.65. The company has a market capitalization of $175.27 billion, a P/E ratio of 111.03 and a beta of 1.13. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The firm had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $22.41 billion. The firm’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($5.90) earnings per share. As a group, equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Vertical Research reaffirmed a “buy” rating and set a $281.00 price target on shares of Boeing in a research note on Tuesday, January 27th. JPMorgan Chase & Co. upped their price target on Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Tigress Financial upped their price target on Boeing from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Citigroup cut their price target on Boeing from $290.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.48.

View Our Latest Analysis on BA

About Boeing

(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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