The Boeing Company $BA Shares Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC boosted its stake in shares of The Boeing Company (NYSE:BAFree Report) by 24.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,726 shares of the aircraft producer’s stock after acquiring an additional 3,280 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Boeing were worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of BA. Harbor Asset Planning Inc. acquired a new stake in shares of Boeing during the second quarter worth $25,000. Piscataqua Savings Bank increased its stake in 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 buying an additional 137 shares during the period. Davis Capital Management purchased a new position in Boeing during the 3rd quarter worth $33,000. Howard Hughes Medical Institute purchased a new position in Boeing during the 2nd quarter worth $34,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Boeing in the 2nd quarter worth $35,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boeing

In other news, SVP Dana S. Deasy purchased 554 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the purchase, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This represents a 1.99% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Susquehanna cut their price target on shares of Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft cut Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research report on Thursday, October 30th. New Street Research set a $257.00 price target on Boeing in a report on Tuesday, December 9th. Citigroup started coverage on Boeing in a research note on Thursday, December 11th. They issued a “buy” rating and a $265.00 price target on the stock. Finally, Sanford C. Bernstein set a $277.00 price objective on Boeing and gave the stock an “outperform” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $235.33.

View Our Latest Stock Report on BA

Trending Headlines about Boeing

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Boeing Price Performance

Shares of NYSE:BA opened at $229.59 on Wednesday. The firm has a market capitalization of $174.51 billion, a price-to-earnings ratio of -16.78, a price-to-earnings-growth ratio of 6.57 and a beta of 1.16. The business’s 50 day simple moving average is $202.48 and its 200-day simple moving average is $215.36. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) 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 analysts’ expectations of $21.61 billion. The business’s revenue was up 30.4% compared to the same quarter last year. During the same period in the previous year, the company posted ($10.44) earnings per share. On average, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

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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