ProShare Advisors LLC Buys 34,272 Shares of The Boeing Company $BA

ProShare Advisors LLC grew its stake in The Boeing Company (NYSE:BAFree Report) by 15.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 260,975 shares of the aircraft producer’s stock after acquiring an additional 34,272 shares during the period. ProShare Advisors LLC’s holdings in Boeing were worth $56,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Radnor Capital Management LLC increased its stake in shares of Boeing by 2.6% during the fourth quarter. Radnor Capital Management LLC now owns 9,131 shares of the aircraft producer’s stock worth $1,983,000 after purchasing an additional 230 shares during the period. HighTower Advisors LLC increased its stake in shares of Boeing by 5.5% during the fourth quarter. HighTower Advisors LLC now owns 633,411 shares of the aircraft producer’s stock worth $137,526,000 after purchasing an additional 33,174 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Boeing by 116.0% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 58,660 shares of the aircraft producer’s stock worth $12,732,000 after purchasing an additional 31,507 shares during the period. Entrust Financial LLC bought a new position in shares of Boeing during the fourth quarter worth approximately $140,000. Finally, Ironwood Investment Counsel LLC increased its stake in shares of Boeing by 2.9% during the fourth quarter. Ironwood Investment Counsel LLC now owns 1,902 shares of the aircraft producer’s stock worth $413,000 after purchasing an additional 53 shares during the period. 64.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,503 shares of Boeing 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 transaction, the executive vice president directly owned 19,015 shares of the company’s stock, valued at $4,445,326.70. The trade was a 7.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mortimer J. Buckley bought 2,230 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the acquisition, the director owned 4,430 shares in the company, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is owned by insiders.

Key Boeing News

Here are the key news stories impacting Boeing this week:

Boeing Price Performance

Shares of NYSE BA opened at $214.80 on Wednesday. The stock has a market capitalization of $169.33 billion, a PE ratio of 104.27 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The business has a fifty day moving average price of $217.25 and a two-hundred day moving average price of $218.33. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. Boeing’s revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.49) earnings per share. As a group, equities analysts predict that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent research reports. TD Cowen reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. UBS Group increased their target price on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Finally, Citigroup raised their price target on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Check Out Our Latest Research Report on Boeing

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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