Vanguard Capital Wealth Advisors Purchases 7,381 Shares of The Boeing Company $BA

Vanguard Capital Wealth Advisors lifted its position in The Boeing Company (NYSE:BAFree Report) by 92.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,337 shares of the aircraft producer’s stock after acquiring an additional 7,381 shares during the quarter. Boeing makes up about 2.7% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 7th biggest holding. Vanguard Capital Wealth Advisors’ holdings in Boeing were worth $3,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Worth Financial Advisory Group LLC raised its position in Boeing by 20.5% during the fourth quarter. Worth Financial Advisory Group LLC now owns 2,207 shares of the aircraft producer’s stock valued at $479,000 after buying an additional 375 shares during the period. Dorato Capital Management acquired a new stake in Boeing during the 4th quarter worth about $226,000. HF Advisory Group LLC grew its stake in Boeing by 381.9% during the 4th quarter. HF Advisory Group LLC now owns 13,147 shares of the aircraft producer’s stock valued at $2,854,000 after acquiring an additional 10,419 shares in the last quarter. Trust Co. of Vermont increased its holdings in shares of Boeing by 17.5% in the 4th quarter. Trust Co. of Vermont now owns 3,079 shares of the aircraft producer’s stock valued at $669,000 after purchasing an additional 459 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Boeing by 1.8% in the 4th quarter. Blue Trust Inc. now owns 9,331 shares of the aircraft producer’s stock valued at $2,026,000 after purchasing an additional 169 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on BA shares. Vertical Research restated a “buy” rating and set a $281.00 price target on shares of Boeing in a report on Tuesday, January 27th. Citigroup dropped their price objective on shares of Boeing from $290.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday. Tigress Financial lifted their target price on shares of Boeing from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Wolfe Research restated an “outperform” rating on shares of Boeing in a report on Tuesday, January 27th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $252.48.

Check Out Our Latest Research Report on Boeing

Boeing Price Performance

Shares of BA opened at $208.42 on Friday. The firm has a market cap of $163.68 billion, a PE ratio of 103.69 and a beta of 1.13. The firm’s 50 day moving average price is $224.03 and its 200 day moving average price is $216.47. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.35.

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

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 1,503 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the sale, the executive vice president directly owned 19,015 shares in the company, valued at approximately $4,445,326.70. This represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,230 shares of the stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the transaction, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. The trade was a 101.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 21,012 shares of company stock worth $4,980,687 in the last 90 days. 0.10% of the stock is currently owned by company insiders.

Boeing Company Profile

(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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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