The Boeing Company $BA Shares Acquired by Portside Wealth Group LLC

Portside Wealth Group LLC raised its holdings in shares of The Boeing Company (NYSE:BA) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,342 shares of the aircraft producer’s stock after purchasing an additional 2,981 shares during the period. Portside Wealth Group LLC’s holdings in Boeing were worth $4,851,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Sound Income Strategies LLC increased its position in shares of Boeing by 1.3% during the fourth quarter. Sound Income Strategies LLC now owns 5,020 shares of the aircraft producer’s stock worth $1,090,000 after purchasing an additional 63 shares in the last quarter. Rathbones Group PLC increased its position in shares of Boeing by 4.5% during the fourth quarter. Rathbones Group PLC now owns 8,839 shares of the aircraft producer’s stock worth $1,919,000 after purchasing an additional 378 shares in the last quarter. Capital Advisors Wealth Management LLC increased its position in shares of Boeing by 3.3% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 2,363 shares of the aircraft producer’s stock worth $513,000 after purchasing an additional 76 shares in the last quarter. Blue Zone Wealth Advisors LLC increased its holdings in shares of Boeing by 0.9% during the fourth quarter. Blue Zone Wealth Advisors LLC now owns 25,646 shares of the aircraft producer’s stock valued at $5,568,000 after acquiring an additional 232 shares in the last quarter. Finally, Trueblood Wealth Management LLC increased its holdings in shares of Boeing by 11.6% during the fourth quarter. Trueblood Wealth Management LLC now owns 2,792 shares of the aircraft producer’s stock valued at $606,000 after acquiring an additional 291 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley bought 2,230 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following 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. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Howard E. Mckenzie sold 10,497 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $233.99, for a total value of $2,456,193.03. Following the sale, the executive vice president owned 14,692 shares in the company, valued at $3,437,781.08. This trade represents a 41.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 21,012 shares of company stock worth $4,980,687 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $212.32 on Tuesday. The stock has a market capitalization of $166.74 billion, a price-to-earnings ratio of 105.63 and a beta of 1.13. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $254.35. The firm’s 50 day simple moving average is $222.43 and its 200-day simple moving average is $216.42. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The firm had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. Boeing’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($5.90) EPS. Analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of several recent analyst reports. Wolfe Research restated an “outperform” rating on shares of Boeing in a report on Tuesday, January 27th. Vertical Research restated a “buy” rating and set a $281.00 price objective on shares of Boeing in a report on Tuesday, January 27th. Weiss Ratings upgraded shares of Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a report on Wednesday, February 4th. UBS Group upped their price objective on shares of Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Finally, Argus raised Boeing to a “hold” rating in a research report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $252.48.

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.