The Boeing Company $BA Shares Sold by Tactive Advisors LLC

Tactive Advisors LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 71.9% in the first quarter, HoldingsChannel reports. The firm owned 1,025 shares of the aircraft producer’s stock after selling 2,627 shares during the period. Tactive Advisors LLC’s holdings in Boeing were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Spectrum Planning & Advisory Services Inc. increased its stake in shares of Boeing by 4.2% in the first quarter. Spectrum Planning & Advisory Services Inc. now owns 1,794 shares of the aircraft producer’s stock valued at $357,000 after purchasing an additional 72 shares during the period. Evolve Private Wealth LLC boosted its position in shares of Boeing by 55.0% during the first quarter. Evolve Private Wealth LLC now owns 5,694 shares of the aircraft producer’s stock worth $1,133,000 after buying an additional 2,020 shares during the period. Meadowbrook Advisors Group LLC grew its holdings in Boeing by 2.5% in the 1st quarter. Meadowbrook Advisors Group LLC now owns 1,955 shares of the aircraft producer’s stock worth $389,000 after buying an additional 47 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Boeing by 58.8% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 408,024 shares of the aircraft producer’s stock worth $81,209,000 after buying an additional 151,084 shares in the last quarter. Finally, Balboa Wealth Partners increased its position in Boeing by 1.0% in the 1st quarter. Balboa Wealth Partners now owns 12,958 shares of the aircraft producer’s stock valued at $2,579,000 after acquiring an additional 125 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. 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. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Wells Fargo & Company initiated coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, Tigress Financial increased their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $262.32.

Boeing Price Performance

NYSE:BA opened at $220.93 on Tuesday. The business’s 50-day moving average price is $224.24 and its 200 day moving average price is $223.18. The firm has a market cap of $174.16 billion, a P/E ratio of 107.25 and a beta of 1.19. 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 issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter last year, the firm posted ($0.49) earnings per share. Boeing’s revenue 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.

Insiders Place Their Bets

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

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.