10,156 Shares in The Boeing Company $BA Acquired by Econ Financial Services Corp

Econ Financial Services Corp purchased a new stake in The Boeing Company (NYSE:BAFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,156 shares of the aircraft producer’s stock, valued at approximately $2,205,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. First Heartland Consultants Inc. lifted its position in shares of Boeing by 1.1% during the 4th quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock worth $882,000 after buying an additional 43 shares during the last quarter. N.E.W. Advisory Services LLC boosted its holdings in shares of 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 valued at $332,000 after buying an additional 46 shares in the last quarter. Motco grew its position in shares of Boeing by 5.4% in the 3rd quarter. Motco now owns 921 shares of the aircraft producer’s stock valued at $199,000 after buying an additional 47 shares during the last quarter. Encompass Wealth Advisors LLC grew its position in shares of Boeing by 0.9% in the 3rd 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 last quarter. Finally, Jacobsen Capital Management raised its stake in Boeing by 4.6% during the 3rd quarter. Jacobsen Capital Management now owns 1,070 shares of the aircraft producer’s stock worth $231,000 after acquiring an additional 47 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on BA. Argus upgraded shares of Boeing to a “hold” rating in a research note on Monday, February 2nd. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted their target price on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Tigress Financial upped their target price on Boeing from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Morgan Stanley set a $245.00 price target on Boeing in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.86.

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Boeing Trading Up 5.2%

Shares of Boeing stock opened at $199.03 on Wednesday. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The company has a market capitalization of $156.31 billion, a P/E ratio of 99.02 and a beta of 1.14. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $254.35. The company’s fifty day moving average is $225.74 and its two-hundred day moving average is $216.59.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to analysts’ expectations of $22.41 billion. During the same period in the previous year, the company posted ($5.90) earnings per share. Boeing’s quarterly revenue was up 57.1% on a year-over-year basis. Analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In other Boeing news, SVP Ann M. Schmidt sold 6,281 shares of Boeing 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 transaction, the senior vice president directly owned 13,978 shares in the company, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 14,692 shares in the company, valued at approximately $3,437,781.08. The trade was a 41.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 21,012 shares of company stock valued at $4,980,687 in the last quarter. 0.10% of the stock is currently owned by insiders.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

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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