Worthington Financial Partners LLC Invests $537,000 in The Boeing Company $BA

Worthington Financial Partners LLC bought a new position in The Boeing Company (NYSE:BA) during the fourth quarter, Holdings Channel.com reports. The fund bought 2,471 shares of the aircraft producer’s stock, valued at approximately $537,000.

A number of other large investors have also recently added to or reduced their stakes in BA. Russell Investments Group Ltd. raised its position in Boeing by 41.1% during the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after buying an additional 65,216 shares during the period. Fisher Asset Management LLC boosted its position in Boeing by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock worth $1,188,153,000 after acquiring an additional 177,597 shares during the period. Princeton Capital Management LLC grew its stake in Boeing by 78.3% during the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after acquiring an additional 5,381 shares in the last quarter. Rakuten Investment Management Inc. grew its stake in Boeing by 502.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock valued at $22,398,000 after acquiring an additional 85,982 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Boeing during the 4th quarter valued at about $55,787,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Tigress Financial upped their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Finally, Wells Fargo & Company started coverage on shares of Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $262.32.

Insider Buying and Selling

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Boeing Stock Up 0.4%

Shares of Boeing stock opened at $223.51 on Friday. The firm has a market cap of $176.19 billion, a price-to-earnings ratio of 108.50 and a beta of 1.19. 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 Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The stock has a 50-day simple moving average of $224.23 and a 200-day simple moving average of $222.81.

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

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.