Harel Insurance Investments & Financial Services Ltd. Increases Holdings in The Boeing Company $BA

Harel Insurance Investments & Financial Services Ltd. boosted its stake in The Boeing Company (NYSE:BAFree Report) by 11,291.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 88,509 shares of the aircraft producer’s stock after buying an additional 87,732 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Boeing were worth $19,217,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. increased its stake in Boeing by 4.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 19,734 shares of the aircraft producer’s stock worth $4,285,000 after purchasing an additional 858 shares during the period. Alpha Cubed Investments LLC increased its stake in Boeing by 61.5% in the 4th quarter. Alpha Cubed Investments LLC now owns 5,587 shares of the aircraft producer’s stock worth $1,213,000 after purchasing an additional 2,127 shares during the period. McIlrath & Eck LLC increased its stake in Boeing by 8.3% in the 4th quarter. McIlrath & Eck LLC now owns 4,516 shares of the aircraft producer’s stock worth $980,000 after purchasing an additional 345 shares during the period. Falcon Wealth Planning increased its stake in Boeing by 2.1% in the 4th quarter. Falcon Wealth Planning now owns 2,275 shares of the aircraft producer’s stock worth $494,000 after purchasing an additional 47 shares during the period. Finally, PKS Advisory Services LLC increased its stake in Boeing by 2.5% in the 4th quarter. PKS Advisory Services LLC now owns 1,839 shares of the aircraft producer’s stock worth $399,000 after purchasing an additional 45 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. UBS Group lifted their price target on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Weiss Ratings cut Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Morgan Stanley lifted their price target on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.60.

View Our Latest Stock Analysis on BA

Insider Transactions at Boeing

In related news, Director Mortimer J. Buckley acquired 2,230 shares of the stock in a transaction on Tuesday, March 3rd. The stock was acquired at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the purchase, the director owned 4,430 shares of the company’s stock, valued at $993,206. This represents a 101.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Uma M. Amuluru sold 1,503 shares of Boeing stock in a transaction on Tuesday, February 24th. The shares were 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 $4,445,326.70. The trade was a 7.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 18,281 shares of company stock valued at $4,336,171. Company insiders own 0.10% of the company’s stock.

Boeing Trading Up 1.4%

NYSE BA opened at $224.39 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The firm has a market capitalization of $176.89 billion, a PE ratio of 108.93 and a beta of 1.21. The stock’s 50 day moving average is $216.96 and its 200 day moving average is $217.45.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the prior year, the firm earned ($0.49) earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Research analysts forecast that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Boeing 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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