7,150 Shares in The Boeing Company $BA Purchased by Chatterton & Associates Inc.

Chatterton & Associates Inc. bought a new stake in The Boeing Company (NYSE:BAFree Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,150 shares of the aircraft producer’s stock, valued at approximately $1,552,000. Boeing makes up about 1.3% of Chatterton & Associates Inc.’s holdings, making the stock its 29th largest holding.

Several other large investors have also recently bought and sold shares of BA. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing during the third quarter valued at approximately $25,000. American National Bank & Trust raised its holdings in Boeing by 124.2% during 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 stake in Boeing in the third quarter worth approximately $32,000. Davis Capital Management bought a new position in Boeing during the 3rd quarter valued at $33,000. Finally, Game Plan Financial Advisors LLC boosted its stake in Boeing by 650.0% during 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 in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on BA shares. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research note on Tuesday, December 9th. Citigroup decreased their target price on Boeing from $290.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday. Susquehanna reaffirmed a “positive” rating and set a $280.00 target price on shares of Boeing in a report on Thursday, January 15th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada upped their price target on shares of Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.48.

Get Our Latest Research Report on BA

Insider Activity

In other news, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction 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 completion of the sale, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. This represents a 31.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Uma M. Amuluru sold 1,503 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the sale, the executive vice president directly owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. This trade represents a 7.33% 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 90 days. Company insiders own 0.10% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $208.42 on Friday. The company has a 50-day moving average of $223.16 and a two-hundred day moving average of $216.43. The stock has a market cap of $163.68 billion, a price-to-earnings ratio of 103.69 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. The Boeing Company has a one year low of $128.88 and a one year high of $254.35.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating the consensus estimate of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to analysts’ expectations of $22.41 billion. During the same quarter last year, the company posted ($5.90) EPS. The firm’s revenue was up 57.1% compared to the same quarter last year. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Key Headlines Impacting Boeing

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Boeing Company 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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