The Boeing Company $BA Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 6.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 998,354 shares of the aircraft producer’s stock after selling 71,465 shares during the quarter. Bessemer Group Inc.’s holdings in Boeing were worth $216,763,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing during the third quarter valued at $25,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing during the fourth quarter valued at $26,000. Strategic Wealth Advisors LLC acquired a new position in shares of Boeing during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Boeing during the fourth quarter valued at $28,000. Finally, American National Bank & Trust increased its holdings in shares of Boeing by 124.2% during the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 77 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boeing

In related news, Director Mortimer J. Buckley purchased 2,230 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price 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 $993,206. This trade represents a 101.36% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction on Tuesday, February 17th. The shares were 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 owned 13,978 shares of the company’s stock, valued at $3,401,825.86. This trade represents a 31.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

BA has been the topic of a number of research analyst reports. Susquehanna reissued a “positive” rating and set a $280.00 price target on shares of Boeing in a report on Thursday, January 15th. Argus raised Boeing to a “hold” rating in a report on Monday, February 2nd. UBS Group lifted their target price on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Morgan Stanley lifted their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, Vertical Research reaffirmed a “buy” rating and set a $281.00 target price on shares of Boeing in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $259.60.

Boeing Price Performance

NYSE:BA opened at $229.37 on Friday. The business’s 50-day moving average price is $217.74 and its 200 day moving average price is $218.36. The firm has a market cap of $180.81 billion, a P/E ratio of 111.35 and a beta of 1.21. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter last year, the business earned ($0.49) EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The China order would be Boeing’s biggest U.S.-China jet deal in years and a meaningful boost to the company’s commercial backlog, supporting future revenue visibility. China set to buy 200 Boeing planes in biggest US jet deal with Beijing in years
• Positive Sentiment: U.S. Treasury Secretary Scott Bessent said he expected large Boeing orders to be announced during Trump’s China visit, reinforcing hopes that the summit could improve Boeing’s sales outlook. US Treasury’s Bessent expects large Boeing order during China visit
• Positive Sentiment: Boeing also continues to benefit from strong analyst support and a favorable long-term backlog story, which helped keep broader sentiment constructive before the headline disappointment. The Boeing Company (BA) Is a Trending Stock: Facts to Know Before Betting on It

About Boeing

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.