Vestmark Advisory Solutions Inc. Boosts Stake in The Boeing Company $BA

Vestmark Advisory Solutions Inc. increased its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 1,043.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,139 shares of the aircraft producer’s stock after acquiring an additional 10,165 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Boeing were worth $2,404,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BA. Davis Capital Management purchased a new position in Boeing during the third quarter worth approximately $33,000. Howard Hughes Medical Institute acquired a new stake in shares of Boeing in the 2nd quarter worth $34,000. Decker Retirement Planning Inc. purchased a new position in shares of Boeing during the 2nd quarter worth $35,000. Centerpoint Advisors LLC boosted its position in shares of Boeing by 62.4% during the 3rd quarter. Centerpoint Advisors LLC now owns 164 shares of the aircraft producer’s stock valued at $35,000 after acquiring an additional 63 shares during the last quarter. Finally, Legacy Investment Solutions LLC purchased a new stake in shares of Boeing in the second quarter valued at about $39,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of Boeing stock opened at $233.44 on Wednesday. The stock has a market capitalization of $183.33 billion, a price-to-earnings ratio of 116.14 and a beta of 1.15. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. The business has a 50-day moving average of $233.57 and a 200 day moving average of $219.89. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $254.35.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $10.32. The business had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. The firm’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($5.90) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Ann M. Schmidt sold 6,281 shares of Boeing stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the transaction, the senior vice president directly owned 13,978 shares in the company, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Uma M. Amuluru sold 2,731 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total value of $644,516.00. Following the sale, the executive vice president owned 11,925 shares in the company, valued at approximately $2,814,300. This trade represents a 18.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,509 shares of company stock worth $4,629,316 over the last 90 days. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BA. Susquehanna reaffirmed a “positive” rating and set a $280.00 target price on shares of Boeing in a research note on Thursday, January 15th. New Street Research set a $257.00 price objective on Boeing in a report on Tuesday, December 9th. Tigress Financial reissued a “buy” rating and set a $275.00 target price on shares of Boeing in a research note on Monday, December 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research note on Wednesday, January 28th. Finally, Citigroup reissued a “buy” rating on shares of Boeing in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $246.14.

Check Out Our Latest Research Report on Boeing

Key Stories Impacting Boeing

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

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.