Nations Financial Group Inc. IA ADV Sells 4,422 Shares of The Boeing Company $BA

Nations Financial Group Inc. IA ADV decreased its position in shares of The Boeing Company (NYSE:BA) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,283 shares of the aircraft producer’s stock after selling 4,422 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Boeing were worth $5,828,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Physicians Financial Services Inc. boosted its stake in shares of Boeing by 35.3% during the first quarter. Physicians Financial Services Inc. now owns 4,565 shares of the aircraft producer’s stock valued at $909,000 after purchasing an additional 1,190 shares in the last quarter. KRS Capital Management LLC grew its holdings in shares of Boeing by 4.4% during the first quarter. KRS Capital Management LLC now owns 1,653 shares of the aircraft producer’s stock worth $329,000 after purchasing an additional 70 shares during the last quarter. Old North State Trust LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $258,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of Boeing in the fourth quarter valued at approximately $1,037,000. Finally, Cornerstone Planning LLC bought a new position in Boeing in the 4th quarter valued at approximately $2,053,000. Institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of several recent research reports. Wolfe Research reiterated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Morgan Stanley upped their price target 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 research note on Wednesday, March 4th. Tigress Financial lifted their price target on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Wells Fargo & Company began coverage on shares of Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $262.32.

Boeing Price Performance

Shares of BA opened at $223.51 on Friday. The Boeing Company has a 1 year low of $176.77 and a 1 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. The company has a market capitalization of $176.19 billion, a price-to-earnings ratio of 108.50 and a beta of 1.19. The business has a 50-day moving average of $224.23 and a 200-day moving average of $222.81.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the previous year, the company earned ($0.49) earnings per share. The business’s revenue was up 14.0% on a year-over-year basis. As a group, equities research analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current year.

Boeing 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.