Wealth Management Associates Inc. Invests $615,000 in The Boeing Company $BA

Wealth Management Associates Inc. purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,848 shares of the aircraft producer’s stock, valued at approximately $615,000.

A number of other institutional investors also recently bought and sold shares of the stock. Harbor Asset Planning Inc. purchased a new position in shares of Boeing during the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank lifted its stake in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares during the period. Howard Hughes Medical Institute bought a new stake in shares of Boeing during the second quarter valued at approximately $34,000. Decker Retirement Planning Inc. purchased a new stake in Boeing in the second quarter worth $35,000. Finally, IMG Wealth Management Inc. grew its stake in Boeing by 159.4% in the second quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock worth $38,000 after purchasing an additional 110 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of BA stock opened at $217.07 on Friday. The company has a market cap of $164.99 billion, a price-to-earnings ratio of -15.87 and a beta of 1.16. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The firm has a fifty day moving average price of $202.14 and a 200-day moving average price of $214.52.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the business earned ($10.44) EPS. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares in the company, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Dana S. Deasy purchased 554 shares of the company’s stock in a transaction on Monday, November 24th. The stock was purchased at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BNP Paribas set a $150.00 price objective on Boeing in a research report on Tuesday, November 18th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research note on Monday, September 29th. JPMorgan Chase & Co. lifted their target price on Boeing from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. Finally, Susquehanna dropped their target price on shares of Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a report on Wednesday, November 12th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $234.92.

Boeing Profile

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.