Verde Servicos Internacionais S.A. Acquires 3,748 Shares of The Boeing Company $BA

Verde Servicos Internacionais S.A. lifted its holdings in shares of The Boeing Company (NYSE:BA) by 9.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,552 shares of the aircraft producer’s stock after acquiring an additional 3,748 shares during the quarter. Boeing accounts for about 2.8% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 14th largest position. Verde Servicos Internacionais S.A.’s holdings in Boeing were worth $9,831,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpha Cubed Investments LLC grew its holdings in Boeing by 43.3% during the second quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock valued at $754,000 after purchasing an additional 1,088 shares during the period. SteelPeak Wealth LLC raised its stake in shares of Boeing by 50.4% in the third quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock valued at $5,689,000 after buying an additional 8,833 shares during the period. Vanguard Group Inc. grew its stake in shares of Boeing by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after acquiring an additional 1,118,316 shares during the period. Patton Fund Management Inc. grew its stake in shares of Boeing by 734.4% during the 3rd quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock worth $2,228,000 after acquiring an additional 9,085 shares during the period. Finally, Moors & Cabot Inc. grew its stake in shares of Boeing by 7.1% during the 2nd quarter. Moors & Cabot Inc. now owns 21,990 shares of the aircraft producer’s stock worth $4,607,000 after acquiring an additional 1,461 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 2,731 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total value of $644,516.00. Following the transaction, the executive vice president directly owned 11,925 shares in the company, valued at $2,814,300. This represents a 18.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Dana S. Deasy purchased 554 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the transaction, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. The trade was a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BA shares. Jefferies Financial Group boosted their price objective on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Sunday, February 1st. Morgan Stanley set a $245.00 price target on shares of Boeing in a research report on Wednesday, January 28th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. BNP Paribas Exane set a $150.00 price objective on shares of Boeing in a research note on Tuesday, November 18th. Finally, Citigroup reissued a “buy” rating on shares of Boeing in a report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.14.

Boeing Stock Performance

NYSE BA opened at $236.65 on Thursday. The company’s 50 day simple moving average is $227.35 and its two-hundred day simple moving average is $219.21. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $254.35. The stock has a market capitalization of $185.85 billion, a PE ratio of 117.74 and a beta of 1.15.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $10.32. The firm had revenue of $23.95 billion during the quarter, compared to the consensus estimate of $22.41 billion. During the same period in the previous year, the company posted ($5.90) EPS. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. Analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.