Trust Co. of Toledo NA OH Purchases 2,823 Shares of The Boeing Company $BA

Trust Co. of Toledo NA OH lifted its holdings in The Boeing Company (NYSE:BAFree Report) by 23.0% in the fourth quarter, HoldingsChannel reports. The firm owned 15,100 shares of the aircraft producer’s stock after purchasing an additional 2,823 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Boeing were worth $3,279,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. SteelPeak Wealth LLC boosted its holdings in shares of Boeing by 50.4% in the 3rd quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock worth $5,689,000 after purchasing an additional 8,833 shares during the period. Patton Fund Management Inc. increased its position 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 valued at $2,228,000 after purchasing an additional 9,085 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Boeing by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after buying an additional 177,597 shares during the period. Russell Investments Group Ltd. lifted its position in Boeing by 41.1% in the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock worth $48,316,000 after buying an additional 65,216 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Boeing by 47.7% during the third quarter. Farther Finance Advisors LLC now owns 18,477 shares of the aircraft producer’s stock worth $3,988,000 after buying an additional 5,966 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.1%

Shares of BA opened at $208.42 on Friday. The firm has a fifty day moving average price of $223.16 and a 200-day moving average price of $216.42. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37. The firm has a market capitalization of $163.68 billion, a P/E ratio of 103.69 and a beta of 1.13. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $254.35.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to the consensus estimate of $22.41 billion. The company’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($5.90) EPS. Equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In related news, Director Mortimer J. Buckley purchased 2,230 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average price of $224.20 per share, with a total value of $499,966.00. Following the completion of the purchase, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. The trade was a 101.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Uma M. Amuluru sold 2,731 shares of the firm’s stock in a transaction on 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 owned 11,925 shares in the company, valued at $2,814,300. The trade was a 18.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 21,012 shares of company stock valued at $4,980,687. 0.10% of the stock is owned by insiders.

Trending Headlines about Boeing

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Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BA. Wolfe Research reissued an “outperform” rating on shares of Boeing in a research note on Tuesday, January 27th. Wells Fargo & Company began coverage on shares of Boeing in a report on Wednesday. They set an “overweight” rating and a $250.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Finally, Weiss Ratings raised Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $252.48.

Read Our Latest Analysis on BA

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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