3,870 The Boeing Company $BA Shares Sold by Private Advisory Group LLC

Private Advisory Group LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 72.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,472 shares of the aircraft producer’s stock after selling 3,870 shares during the quarter. Private Advisory Group LLC’s holdings in Boeing were worth $274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Nan Fung Trinity HK Ltd. bought a new position in shares of Boeing in the third quarter worth $35,480,000. Van Strum & Towne Inc. bought a new stake in shares of Boeing during the 3rd quarter valued at $278,000. Three Bridge Wealth Advisors LLC purchased a new stake in Boeing during the 3rd quarter worth about $28,000. King Luther Capital Management Corp lifted its holdings in Boeing by 7.5% during the 3rd quarter. King Luther Capital Management Corp now owns 15,428 shares of the aircraft producer’s stock worth $2,870,000 after purchasing an additional 1,076 shares in the last quarter. Finally, Spectrum Planning & Advisory Services Inc. lifted its holdings in Boeing by 25.9% during the 3rd quarter. Spectrum Planning & Advisory Services Inc. now owns 1,816 shares of the aircraft producer’s stock worth $338,000 after purchasing an additional 374 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BA. Deutsche Bank lifted their target price on Boeing from $244.00 to $248.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Sanford C. Bernstein cut their price objective on shares of Boeing from $278.00 to $223.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. Rothschild & Co Redburn boosted their price objective on shares of Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research note on Monday, October 19th. Finally, TD Cowen decreased their target price on shares of Boeing from $240.00 to $210.00 and set a “buy” rating on the stock in a report on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $247.88.

Boeing Price Performance

NYSE BA traded down $0.10 during trading on Friday, reaching $171.45. The company’s stock had a trading volume of 5,291,906 shares, compared to its average volume of 10,606,441. The stock has a market capitalization of $135.86 billion, a PE ratio of 18.66 and a beta of 1.34. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The firm has a fifty day moving average of $188.81 and a 200 day moving average of $213.49. The Boeing Company has a one year low of $165.01 and a one year high of $254.35.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The business had revenue of $24.19 billion during the quarter, compared to analysts’ expectations of $23.95 billion. Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The business’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned ($7.47) EPS. Analysts expect that The Boeing Company will post -1.84 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP David Raymond sold 2,994 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $174.91, for a total value of $523,680.54. Following the sale, the executive vice president directly owned 38,456 shares of the company’s stock, valued at $6,726,338.96. This trade represents a 7.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Steven Mollenkopf bought 2,950 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average cost of $173.03 per share, for a total transaction of $510,438.50. Following the completion of the purchase, the director directly owned 6,717 shares of the company’s stock, valued at $1,162,242.51. This represents a 78.31% 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 company insiders.

Boeing News Roundup

Here’s some of the latest news about BA:

• Positive Sentiment: Boeing’s reported $745 billion backlog underscores strong demand. Separately, the company is targeting $10 billion in free cash flow by 2029; meeting production and certification milestones could support significant long-term upside, although execution is key. Article: $500 Invested in Boeing Today Could Be Worth This Much in 3 Years
• Negative Sentiment: ETFs were net sellers of $25.2 million in Boeing shares on Nov. 11, adding to evidence of near-term selling pressure. Article: ETFs Are Net Sellers of Boeing
• Negative Sentiment: A law firm announced an investigation into possible securities violations and is seeking information from investors who suffered losses. The announcement is not a finding of wrongdoing, but may add reputational and legal uncertainty. Article: Kaplan Fox Investigates Boeing

Boeing Company Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.