The Boeing Company $BA Shares Bought by Sigma Planning Corp

Sigma Planning Corp lifted its stake in The Boeing Company (NYSE:BAFree Report) by 28.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 21,075 shares of the aircraft producer’s stock after acquiring an additional 4,651 shares during the quarter. Sigma Planning Corp’s holdings in Boeing were worth $4,549,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Alpha Cubed Investments LLC grew its stake in Boeing by 43.3% during the 2nd quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock valued at $754,000 after purchasing an additional 1,088 shares in the last quarter. SteelPeak Wealth LLC raised its position in shares of Boeing by 50.4% in the 3rd quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock valued at $5,689,000 after purchasing an additional 8,833 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Boeing by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock valued at $13,991,022,000 after buying an additional 1,118,316 shares during the last quarter. Patton Fund Management Inc. boosted its stake in shares of Boeing by 734.4% during the 3rd quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock valued at $2,228,000 after buying an additional 9,085 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in shares of Boeing by 7.1% during the second quarter. Moors & Cabot Inc. now owns 21,990 shares of the aircraft producer’s stock worth $4,607,000 after buying an additional 1,461 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 0.7%

NYSE BA opened at $232.01 on Monday. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The Boeing Company has a one year low of $128.88 and a one year high of $254.35. The company has a 50-day simple moving average of $232.55 and a 200-day simple moving average of $219.83. The firm has a market capitalization of $182.21 billion, a PE ratio of 115.43 and a beta of 1.15.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $10.32. The business had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. During the same quarter last year, the company earned ($5.90) EPS. Boeing’s revenue was up 57.1% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BA. Vertical Research reaffirmed a “buy” rating and issued a $281.00 price target on shares of Boeing in a report on Tuesday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. TD Cowen restated a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Royal Bank Of Canada lifted their price target on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, BNP Paribas Exane set a $150.00 price objective on Boeing in a report on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.14.

Get Our Latest Research Report on BA

Insider Buying and Selling

In related news, SVP Ann M. Schmidt sold 6,281 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the completion of the transaction, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. The trade was a 31.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Howard E. Mckenzie sold 10,497 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total value of $2,456,193.03. Following the transaction, the executive vice president owned 14,692 shares of the company’s stock, valued at approximately $3,437,781.08. The trade was a 41.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 19,509 shares of company stock valued at $4,629,316. Insiders own 0.09% of the company’s stock.

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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