The Boeing Company $BA Stake Increased by Verus Capital Partners LLC

Verus Capital Partners LLC increased its stake in The Boeing Company (NYSE:BA) by 18.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,293 shares of the aircraft producer’s stock after buying an additional 2,848 shares during the period. Verus Capital Partners LLC’s holdings in Boeing were worth $3,972,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Measured Wealth Private Client Group LLC acquired a new position in Boeing in the third quarter worth $25,000. Ares Financial Consulting LLC acquired a new position in Boeing in the fourth quarter worth $26,000. Strategic Wealth Advisors LLC acquired a new position in Boeing in the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Boeing in the fourth quarter worth $28,000. Finally, American National Bank & Trust boosted its holdings in Boeing by 124.2% in the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 77 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Negative Sentiment: NASA is reportedly reconsidering Boeing’s role after the Starliner debacle, renewing scrutiny of Boeing’s reliability in space contracts and adding to investor concern about future aerospace business. “Under Review”: Boeing Stock (NYSE:BA) Slides as NASA Reconsiders
• Negative Sentiment: Another headline warned that Boeing’s 777X orders may be at risk, raising fears that certification delays could lead airlines to reconsider or reduce commitments for the long-delayed aircraft. Boeing Stock (NYSE:BA) Plunges, 777X Orders May be at Risk
• Positive Sentiment: Norwegian Air Shuttle agreed to buy an additional Boeing 737-800, which is a modest vote of confidence in Boeing’s narrow-body fleet and ongoing airline demand. Norwegian Air Shuttle Buys Additional Boeing 737-800 to Strengthen Fleet Ownership
• Neutral Sentiment: Several analyst-style articles highlighted that Boeing has outperformed its industry over the past six months and that its turnaround is underway, but they also noted lingering weak spots and that much of the recovery may already be reflected in the share price. BA Stock Outperforms Industry in 6 Months: Should You Stay Invested? Boeing: The Comeback Is Real, But Weak Spots Remain Boeing’s Turnaround Is Real, But The Stock Already Knows It

Boeing Stock Performance

Shares of BA opened at $210.89 on Thursday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a market cap of $166.24 billion, a price-to-earnings ratio of 102.37 and a beta of 1.19. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The firm has a fifty day moving average of $220.05 and a 200-day moving average of $220.18.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) 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 analyst estimates of $22.15 billion. During the same period last year, the firm posted ($0.49) EPS. The business’s revenue was up 14.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of a number of research reports. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Citigroup lifted their price objective on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a report on Thursday, April 23rd. Tigress Financial lifted their price objective on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

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.