World Investment Advisors Buys 2,461 Shares of The Boeing Company $BA

World Investment Advisors grew its stake in shares of The Boeing Company (NYSE:BA) by 21.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,048 shares of the aircraft producer’s stock after purchasing an additional 2,461 shares during the quarter. World Investment Advisors’ holdings in Boeing were worth $3,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter valued at $201,000. Sivia Capital Partners LLC increased its holdings in Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after buying an additional 217 shares during the last quarter. AXA S.A. raised its position in Boeing by 1,225.7% during the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after acquiring an additional 32,041 shares in the last quarter. Ieq Capital LLC raised its position in Boeing by 243.8% during the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after acquiring an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in Boeing by 4.2% in the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after acquiring an additional 53,736 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BA. Morgan Stanley lifted their price objective on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Wells Fargo & Company initiated coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price target for the company. Finally, Tigress Financial boosted their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $262.32.

Boeing Price Performance

NYSE:BA opened at $223.51 on Friday. The company has a market cap of $176.19 billion, a P/E ratio of 108.50 and a beta of 1.19. The firm’s fifty day moving average price is $224.23 and its two-hundred day moving average price is $222.81. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.49) EPS. Equities analysts expect that The Boeing Company will post -0.15 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Bradley D. Tilden purchased 1,370 shares of the stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director directly owned 1,370 shares in the company, valued at $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

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.