Buffalo Business & Estate Services Ltd. Purchases Shares of 7,263 The Boeing Company $BA

Buffalo Business & Estate Services Ltd. purchased a new stake in shares of The Boeing Company (NYSE:BAFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 7,263 shares of the aircraft producer’s stock, valued at approximately $1,577,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of BA. First Heartland Consultants Inc. boosted its stake in Boeing by 1.1% during the fourth quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock valued at $882,000 after buying an additional 43 shares in the last quarter. N.E.W. Advisory Services LLC raised its position in Boeing by 3.1% in the third quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock worth $332,000 after acquiring an additional 46 shares in the last quarter. Motco raised its position in Boeing by 5.4% in the third quarter. Motco now owns 921 shares of the aircraft producer’s stock worth $199,000 after acquiring an additional 47 shares in the last quarter. Encompass Wealth Advisors LLC lifted its holdings in 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 acquiring an additional 47 shares during the last quarter. Finally, Jacobsen Capital Management lifted its holdings in Boeing by 4.6% in the 3rd quarter. Jacobsen Capital Management now owns 1,070 shares of the aircraft producer’s stock valued at $231,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley bought 2,230 shares of Boeing stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the acquisition, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Uma M. Amuluru sold 2,731 shares of the firm’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total value of $644,516.00. Following the completion of the sale, the executive vice president directly owned 11,925 shares of the company’s stock, valued at approximately $2,814,300. This trade represents a 18.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 21,012 shares of company stock worth $4,980,687. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BA shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Susquehanna reissued a “positive” rating and set a $280.00 target price on shares of Boeing in a research note on Thursday, January 15th. Royal Bank Of Canada raised their target price on shares of Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Finally, Morgan Stanley set a $245.00 price target on Boeing in a report on Wednesday, January 28th. Two investment 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.48.

Read Our Latest Report on Boeing

Boeing Price Performance

NYSE BA opened at $208.42 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $254.35. The company has a market cap of $163.68 billion, a PE ratio of 103.69 and a beta of 1.13. The stock’s 50-day moving average price is $223.16 and its two-hundred day moving average price is $216.44.

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

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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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