The Boeing Company $BA Stake Boosted by Westend Capital Management LLC

Westend Capital Management LLC boosted its stake in The Boeing Company (NYSE:BA) by 8.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 143,294 shares of the aircraft producer’s stock after buying an additional 11,299 shares during the period. Boeing accounts for approximately 9.0% of Westend Capital Management LLC’s portfolio, making the stock its largest position. Westend Capital Management LLC’s holdings in Boeing were worth $30,927,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Alpha Cubed Investments LLC boosted its holdings in Boeing by 43.3% in the second quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock worth $754,000 after acquiring an additional 1,088 shares in the last quarter. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Boeing in the second quarter worth approximately $62,859,000. Vanguard Group Inc. raised its stake in 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. increased its position in Boeing by 734.4% during the third quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock valued at $2,228,000 after acquiring an additional 9,085 shares during the last quarter. Finally, Vestor Capital LLC increased its position in shares of Boeing by 8,287.4% during the 2nd quarter. Vestor Capital LLC now owns 246,086 shares of the aircraft producer’s stock valued at $51,562,000 after purchasing an additional 243,152 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the subject of several analyst reports. BNP Paribas set a $150.00 price objective on Boeing in a research note on Tuesday, November 18th. BNP Paribas Exane began coverage on Boeing in a research note on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price objective on the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $267.00 price objective on shares of Boeing in a research note on Friday, November 14th. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $233.17.

Boeing Price Performance

BA stock opened at $216.34 on Monday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The business has a 50 day simple moving average of $202.10 and a two-hundred day simple moving average of $214.26. The company has a market capitalization of $164.44 billion, a price-to-earnings ratio of -15.81 and a beta of 1.18.

Boeing (NYSE:BA) last announced its quarterly 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 the consensus estimate of $21.61 billion. During the same quarter in the prior year, the company posted ($10.44) EPS. The business’s revenue was up 30.4% compared to the same quarter last year. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Boeing news, SVP Dana S. Deasy acquired 554 shares of the stock in a transaction on Monday, November 24th. The stock was acquired at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the sale, the executive vice president 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 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.