Xcel Wealth Management LLC Boosts Stock Position in The Boeing Company $BA

Xcel Wealth Management LLC boosted its stake in shares of The Boeing Company (NYSE:BAFree Report) by 12.1% in the third quarter, HoldingsChannel reports. The firm owned 49,230 shares of the aircraft producer’s stock after purchasing an additional 5,327 shares during the quarter. Boeing accounts for about 2.8% of Xcel Wealth Management LLC’s holdings, making the stock its 10th largest holding. Xcel Wealth Management LLC’s holdings in Boeing were worth $10,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Boeing by 1.7% in 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. Geode Capital Management LLC boosted its holdings in shares of Boeing by 2.7% during the second quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock worth $3,402,073,000 after acquiring an additional 432,026 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of Boeing by 3.8% during the second quarter. Fisher Asset Management LLC now owns 5,327,443 shares of the aircraft producer’s stock worth $1,116,259,000 after acquiring an additional 196,666 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Boeing by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer’s stock valued at $888,910,000 after purchasing an additional 44,338 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in shares of Boeing by 6.3% during the second quarter. Legal & General Group Plc now owns 3,145,620 shares of the aircraft producer’s stock worth $659,102,000 after purchasing an additional 187,545 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dana S. Deasy acquired 554 shares of Boeing stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the purchase, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BA. Susquehanna restated a “positive” rating and issued a $280.00 price target on shares of Boeing in a research note on Thursday. Loop Capital set a $223.00 target price on Boeing in a report on Monday, November 3rd. Zacks Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Sanford C. Bernstein raised their price target on shares of Boeing from $277.00 to $298.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a report on Tuesday, September 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $237.46.

View Our Latest Analysis on Boeing

Boeing Stock Down 0.0%

Shares of Boeing stock opened at $247.71 on Monday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $248.75. The company has a market capitalization of $188.28 billion, a price-to-earnings ratio of -18.11, a PEG ratio of 7.05 and a beta of 1.16. The firm’s 50-day moving average price is $208.57 and its two-hundred day moving average price is $217.20.

Boeing (NYSE:BAGet Free Report) last issued its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($10.44) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

About Boeing

(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.

Featured Articles

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.