The Boeing Company $BA Stake Lessened by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in The Boeing Company (NYSE:BA) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,029,822 shares of the aircraft producer’s stock after selling 225,816 shares during the period. SG Americas Securities LLC owned 0.14% of Boeing worth $223,595,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the 3rd quarter worth about $25,000. Reyes Financial Architecture Inc. bought a new position in shares of Boeing during the third quarter worth about $32,000. Davis Capital Management acquired a new position in Boeing in the third quarter worth about $33,000. Howard Hughes Medical Institute acquired a new position in Boeing in the second quarter worth about $34,000. Finally, Centerpoint Advisors LLC increased its holdings in Boeing by 62.4% in the third quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock valued at $35,000 after buying an additional 63 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 1.8%

Boeing stock opened at $198.55 on Tuesday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $254.35. The stock has a market cap of $155.93 billion, a price-to-earnings ratio of 98.78 and a beta of 1.14. The company’s 50-day moving average price is $231.95 and its two-hundred day moving average price is $217.89. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. The business’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same quarter last year, the company earned ($5.90) earnings per share. On average, analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on BA. Wolfe Research restated an “outperform” rating on shares of Boeing in a research note on Tuesday, January 27th. Weiss Ratings upgraded Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. TD Cowen reissued a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Zacks Research upgraded Boeing from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Tigress Financial lifted their price objective on shares of Boeing from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $248.86.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 1,503 shares of Boeing stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the transaction, the executive vice president owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. This trade represents a 7.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mortimer J. Buckley purchased 2,230 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the acquisition, the director directly owned 4,430 shares of the company’s stock, valued at $993,206. This trade represents a 101.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 21,012 shares of company stock valued at $4,980,687. 0.10% of the stock is currently owned by corporate insiders.

Boeing Company 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.