Heritage Family Offices LLP Acquires Shares of 5,267 The Boeing Company $BA

Heritage Family Offices LLP bought a new position in shares of The Boeing Company (NYSE:BAFree Report) during the fourth quarter, HoldingsChannel.com reports. The firm bought 5,267 shares of the aircraft producer’s stock, valued at approximately $1,144,000.

Other hedge funds also recently made changes to their positions in the company. Abound Wealth Management raised its position in shares of Boeing by 45.2% in the fourth quarter. Abound Wealth Management now owns 289 shares of the aircraft producer’s stock valued at $63,000 after buying an additional 90 shares in the last quarter. Daymark Wealth Partners LLC grew its position in Boeing by 9.8% during the fourth quarter. Daymark Wealth Partners LLC now owns 6,715 shares of the aircraft producer’s stock worth $1,458,000 after buying an additional 597 shares in the last quarter. Legacy Wealth Asset Management LLC grew its position in Boeing by 3.9% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 5,596 shares of the aircraft producer’s stock worth $1,215,000 after buying an additional 208 shares in the last quarter. KWB Wealth increased its stake in Boeing by 11.3% during the 4th quarter. KWB Wealth now owns 2,166 shares of the aircraft producer’s stock worth $470,000 after acquiring an additional 220 shares during the period. Finally, First Heartland Consultants Inc. raised its holdings in Boeing by 1.1% in the 4th quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock valued at $882,000 after acquiring an additional 43 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 1.1%

Shares of NYSE BA opened at $196.27 on Wednesday. The company has a market cap of $154.14 billion, a price-to-earnings ratio of 97.65 and a beta of 1.14. 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 12 month low of $128.88 and a 12 month high of $254.35. The stock has a 50-day moving average price of $230.98 and a two-hundred day moving average price of $217.66.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share 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 analyst estimates of $22.41 billion. The company’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($5.90) earnings per share. As a group, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Wolfe Research reaffirmed an “outperform” rating on shares of Boeing in a research note on Tuesday, January 27th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. UBS Group increased their price objective on shares of Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, Susquehanna reissued a “positive” rating and issued a $280.00 target price on shares of Boeing in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $248.86.

Get Our Latest Stock Report on Boeing

Insider Activity at Boeing

In related news, Director Mortimer J. Buckley bought 2,230 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the transaction, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This represents a 101.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Uma M. Amuluru sold 1,503 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total transaction of $351,371.34. Following the sale, the executive vice president directly owned 19,015 shares in the company, valued at approximately $4,445,326.70. The trade was a 7.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 21,012 shares of company stock worth $4,980,687. Corporate insiders own 0.10% of the company’s stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

Boeing 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.

See Also

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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