Ameritas Advisory Services LLC Has $1.73 Million Stake in The Boeing Company $BA

Ameritas Advisory Services LLC trimmed its stake in The Boeing Company (NYSE:BA) by 38.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,990 shares of the aircraft producer’s stock after selling 5,042 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Boeing were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Harbor Asset Planning Inc. purchased a new stake in Boeing in the 2nd quarter worth approximately $25,000. Davis Capital Management purchased a new position in shares of Boeing during the 3rd quarter valued at $33,000. Howard Hughes Medical Institute acquired a new position in shares of Boeing in the second quarter worth $34,000. Decker Retirement Planning Inc. purchased a new stake in shares of Boeing during the second quarter worth $35,000. Finally, Centerpoint Advisors LLC boosted its position in Boeing by 62.4% during the third quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock valued at $35,000 after purchasing an additional 63 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Boeing

In other Boeing news, EVP Howard E. Mckenzie sold 10,497 shares of the stock in a transaction on Thursday, February 5th. The shares were 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 represents a 41.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Dana S. Deasy purchased 554 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was bought at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares in the company, valued at approximately $5,087,704.96. The trade was a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Performance

BA opened at $242.96 on Friday. 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’s 50 day moving average price is $228.92 and its two-hundred day moving average price is $219.40. The firm has a market capitalization of $190.80 billion, a P/E ratio of 120.87 and a beta of 1.15. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $254.35.

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

Analyst Ratings Changes

A number of research analysts have commented on the company. BNP Paribas Exane set a $150.00 target price on Boeing in a research note on Tuesday, November 18th. New Street Research set a $257.00 price target on Boeing in a research note on Tuesday, December 9th. Loop Capital set a $223.00 price objective on shares of Boeing in a research report on Monday, November 3rd. Jefferies Financial Group lifted their target price 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. Finally, Zacks Research raised shares of Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $246.14.

About Boeing

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.