The Boeing Company $BA Shares Acquired by RWA Wealth Partners LLC

RWA Wealth Partners LLC increased its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,160 shares of the aircraft producer’s stock after acquiring an additional 3,127 shares during the period. RWA Wealth Partners LLC’s holdings in Boeing were worth $11,905,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BA. 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 purchasing an additional 1,118,316 shares during the period. Ninety One UK Ltd purchased a new stake in Boeing during the third quarter worth about $192,734,000. Amundi boosted its holdings in Boeing by 75.5% during the second quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock worth $376,700,000 after buying an additional 764,236 shares in the last quarter. Newport Trust Company LLC grew its position in Boeing by 2.5% during the third quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock worth $6,301,901,000 after buying an additional 707,490 shares during the period. Finally, Rovida Advisors Inc. acquired a new stake in shares of Boeing during the 2nd quarter valued at approximately $129,231,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.3%

Boeing stock opened at $233.44 on Wednesday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $254.35. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The stock has a market cap of $183.33 billion, a P/E ratio of 116.14 and a beta of 1.15. The company’s fifty day simple moving average is $233.57 and its 200-day simple moving average is $219.89.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The firm had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. During the same period in the previous year, the business posted ($5.90) EPS. Boeing’s revenue for the quarter was up 57.1% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wolfe Research reaffirmed an “outperform” rating on shares of Boeing in a research note on Tuesday, January 27th. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. UBS Group increased their target price on shares of Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Citigroup restated a “buy” rating on shares of Boeing in a research report on Thursday, February 5th. Finally, Loop Capital set a $223.00 target price on shares of Boeing in a research note on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.14.

Check Out Our Latest Report on BA

Key Headlines Impacting Boeing

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Insider Activity

In related news, SVP Ann M. Schmidt sold 6,281 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the transaction, the senior vice president owned 13,978 shares of the company’s stock, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the completion of the sale, the executive vice president directly owned 14,692 shares of the company’s stock, valued at $3,437,781.08. This represents a 41.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 19,509 shares of company stock worth $4,629,316 in the last three months. 0.09% of the stock is owned by insiders.

Boeing 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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