GAM Holding AG Invests $1.77 Million in The Boeing Company $BA

GAM Holding AG purchased a new stake in The Boeing Company (NYSE:BA) in the third quarter, HoldingsChannel reports. The fund purchased 8,199 shares of the aircraft producer’s stock, valued at approximately $1,770,000.

Other hedge funds have also bought and sold shares of the company. Thoma Capital Management LLC grew its stake in Boeing by 4.1% in the 3rd quarter. Thoma Capital Management LLC now owns 3,490 shares of the aircraft producer’s stock worth $753,000 after acquiring an additional 138 shares in the last quarter. Arbor Investment Advisors LLC purchased a new stake in shares of Boeing in the 3rd quarter worth approximately $502,000. Kooman & Associates bought a new position in shares of Boeing during the third quarter valued at approximately $200,000. Physicians Financial Services Inc. increased its holdings in Boeing by 10.8% during the third quarter. Physicians Financial Services Inc. now owns 3,325 shares of the aircraft producer’s stock valued at $718,000 after buying an additional 325 shares during the period. Finally, Brookwood Investment Group LLC raised its stake in Boeing by 66.1% in the third quarter. Brookwood Investment Group LLC now owns 6,090 shares of the aircraft producer’s stock worth $1,314,000 after buying an additional 2,424 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Activity

In related news, SVP Dana S. Deasy bought 554 shares of the stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average cost of $178.88 per share, with a total value of $99,099.52. Following the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. This trade represents a 8.53% decrease in their position. The SEC filing for this sale provides additional information. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Performance

Shares of BA opened at $227.27 on Friday. The stock has a 50 day moving average price of $202.26 and a 200 day moving average price of $214.80. The stock has a market capitalization of $172.74 billion, a price-to-earnings ratio of -16.61, a PEG ratio of 6.56 and a beta of 1.16. The Boeing Company has a one year low of $128.88 and a one year high of $242.69.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the business earned ($10.44) earnings per share. The business’s revenue was up 30.4% compared to the same quarter last year. On average, analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BA shares. Loop Capital set a $223.00 target price on Boeing in a research report on Monday, November 3rd. Tigress Financial restated a “buy” rating and set a $275.00 price objective on shares of Boeing in a research note on Monday, December 29th. Vertical Research upgraded Boeing from a “hold” rating to a “buy” rating and lifted their target price for the company from $242.00 to $270.00 in a research note on Monday, September 8th. UBS Group reissued a “buy” rating on shares of Boeing in a research report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target for the company. in a report on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.92.

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.