RM Financial Services LLC Makes New Investment in The Boeing Company $BA

RM Financial Services LLC acquired a new stake in shares of The Boeing Company (NYSE:BAFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,271 shares of the aircraft producer’s stock, valued at approximately $710,000.

Several other hedge funds have also recently modified their holdings of BA. Vanguard Group Inc. boosted its holdings in shares of Boeing by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after purchasing an additional 3,460,021 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Boeing by 47.5% in the fourth quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock worth $515,930,000 after purchasing an additional 765,197 shares during the last quarter. ING Groep NV increased its holdings in shares of Boeing by 2,073.4% in the fourth quarter. ING Groep NV now owns 772,400 shares of the aircraft producer’s stock worth $167,703,000 after purchasing an additional 736,861 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Boeing by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after buying an additional 533,753 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Boeing during the fourth quarter valued at approximately $89,368,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BA. Citigroup raised their price target on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 18th. Wells Fargo & Company assumed coverage on Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $275.00 price target on shares of Boeing in a research note on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Check Out Our Latest Stock Analysis on Boeing

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

Boeing Stock Performance

Shares of Boeing stock opened at $209.31 on Thursday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The stock’s fifty day moving average is $222.11 and its two-hundred day moving average is $221.11. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The company has a market capitalization of $165.00 billion, a PE ratio of 101.61 and a beta of 1.19.

Boeing (NYSE:BAGet Free Report) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.49) earnings per share. As a group, analysts expect that The Boeing Company will post -0.15 earnings per share for the current year.

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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