The Boeing Company $BA Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,630 shares of the aircraft producer’s stock after purchasing an additional 17,693 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Boeing were worth $42,053,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing in the fourth quarter worth $201,000. Sivia Capital Partners LLC raised its holdings in Boeing by 16.5% in the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after acquiring an additional 217 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in Boeing during the 2nd quarter valued at $150,000. 1832 Asset Management L.P. bought a new position in Boeing during the 2nd quarter valued at $2,053,000. Finally, Alpha Family Trust acquired a new position in Boeing during the 2nd quarter worth $331,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.5%

NYSE:BA opened at $208.42 on Friday. The firm has a market capitalization of $163.68 billion, a P/E ratio of 103.69 and a beta of 1.13. The business has a 50 day simple moving average of $224.03 and a 200 day simple moving average of $216.47. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $254.35.

Boeing (NYSE:BAGet Free Report) last posted its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business posted ($5.90) earnings per share. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. Equities research analysts predict that The Boeing Company will post -2.58 EPS for the current 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 purchased at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the transaction, the director owned 4,430 shares in the company, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ann M. Schmidt sold 6,281 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the completion of the sale, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. The trade was a 31.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 21,012 shares of company stock valued at $4,980,687. Company insiders own 0.10% of the company’s stock.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Wall Street Analysts Forecast Growth

BA has been the topic of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Tigress Financial boosted 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. TD Cowen restated a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Weiss Ratings raised Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $252.48.

Get Our Latest Research Report on Boeing

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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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