Strategic Wealth Investment Group LLC Has $9.91 Million Stock Position in The Boeing Company $BA

Strategic Wealth Investment Group LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 28.8% in the fourth quarter, HoldingsChannel reports. The fund owned 45,637 shares of the aircraft producer’s stock after selling 18,438 shares during the period. Strategic Wealth Investment Group LLC’s holdings in Boeing were worth $9,909,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of BA. Measured Wealth Private Client Group LLC acquired a new position in Boeing during the 3rd quarter worth approximately $25,000. Ares Financial Consulting LLC acquired a new position in Boeing during the 4th quarter worth approximately $26,000. Strategic Wealth Advisors LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. Finally, American National Bank & Trust raised its stake in shares of Boeing by 124.2% during the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.8%

BA opened at $215.72 on Friday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The stock’s fifty day simple moving average is $220.80 and its 200 day simple moving average is $220.31. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The stock has a market cap of $170.05 billion, a PE ratio of 104.72 and a beta of 1.19.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter last year, the company posted ($0.49) EPS. The firm’s revenue was up 14.0% on a year-over-year basis. As a group, research analysts expect that The Boeing Company will post -0.15 earnings per share for the current year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing said it will start building 737 MAX jets on a new final assembly line in Everett, Washington, on July 6, a sign that the company is getting closer to ramping production and potentially lifting output toward 52 jets per month. Boeing to start 737 Max production on new assembly line July 6, CEO says
• Positive Sentiment: Boeing delivered the first two 787 Dreamliners to Riyadh Air, reinforcing steady commercial aircraft demand and giving investors another concrete delivery milestone. Boeing Delivers Riyadh Air’s First Two 787 Dreamliner Jets
• Positive Sentiment: Reports that China may consider additional aircraft purchases, along with interest from airlines such as Qantas and Singapore Airlines in wide-body orders, are supporting the view that Boeing could benefit from stronger future demand. China Considering Further Aircraft Purchases, Boeing Stock (NYSE:BA) Jumps
• Neutral Sentiment: Analyst commentary continues to highlight Boeing’s improving delivery momentum and large commercial backlog, which supports the long-term outlook but does not appear to be a direct catalyst today. Can Boeing’s Commercial Aircraft Delivery Momentum Lift Performance?
• Negative Sentiment: A German investigation has been opened into the Boeing 787 nose-gear collapse in Frankfurt, and reports say several workers were injured, adding to safety concerns around the 787 program. German investigators launch probe into Boeing 787 incident in Frankfurt
• Negative Sentiment: Separate reports on the Frankfurt 787 incident and the resulting injuries are likely weighing on sentiment because they revive concerns about Boeing’s quality-control and reliability record. Several injured in Boeing 787 nose-gear collapse in Frankfurt
• Negative Sentiment: Even with the production and delivery updates, Boeing shares are also being pressured by a broader market rotation away from riskier names, helping explain why the stock is under pressure despite the company-specific positives. What’s Going On With Boeing Stock Friday?

Insiders Place Their Bets

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BA shares. Wolfe Research reiterated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Citigroup upped their price objective on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Wells Fargo & Company started coverage on Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective on the stock. Tigress Financial upped their price objective on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $259.80.

About Boeing

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.