34,800 Shares in The Boeing Company $BA Bought by RWQ Financial Management Services Inc.

RWQ Financial Management Services Inc. acquired a new position in The Boeing Company (NYSE:BAFree Report) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 34,800 shares of the aircraft producer’s stock, valued at approximately $7,511,000. Boeing makes up 3.3% of RWQ Financial Management Services Inc.’s holdings, making the stock its 14th biggest holding.

Several other large investors also recently modified their holdings of BA. Harbor Asset Planning Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at approximately $25,000. Piscataqua Savings Bank increased its position in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the last quarter. Davis Capital Management acquired a new stake in shares of Boeing in the 3rd quarter valued at about $33,000. Howard Hughes Medical Institute acquired a new stake in Boeing during the second quarter valued at approximately $34,000. Finally, Decker Retirement Planning Inc. bought a new position in Boeing in the second quarter worth about $35,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP Dana S. Deasy purchased 554 shares of the stock in a transaction dated Monday, November 24th. The stock was bought at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the acquisition, the senior vice president owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.09% of the company’s stock.

Boeing Stock Down 0.8%

NYSE:BA opened at $228.09 on Thursday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a market capitalization of $173.37 billion, a price-to-earnings ratio of -16.67, a P/E/G ratio of 6.62 and a beta of 1.16. The stock’s 50 day moving average price is $202.77 and its two-hundred day moving average price is $215.44.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter in the previous year, the firm posted ($10.44) EPS. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Wall Street Analysts Forecast Growth

BA has been the subject of several recent analyst reports. Jefferies Financial Group set a $255.00 price target on Boeing in a research note on Tuesday, September 30th. Sanford C. Bernstein set a $277.00 target price on shares of Boeing and gave the stock an “outperform” rating in a report on Tuesday. Tigress Financial reaffirmed a “buy” rating and set a $275.00 price objective on shares of Boeing in a research report on Monday, December 29th. Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on Boeing from $240.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and five 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 $235.33.

Read Our Latest Report on Boeing

Boeing Company 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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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