Robertson Stephens Wealth Management LLC Acquires 2,436 Shares of The Boeing Company $BA

Robertson Stephens Wealth Management LLC grew its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 17.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,690 shares of the aircraft producer’s stock after acquiring an additional 2,436 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Boeing were worth $3,624,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Chapman Financial Group LLC boosted its position in shares of Boeing by 20.9% during the 4th quarter. Chapman Financial Group LLC now owns 833 shares of the aircraft producer’s stock valued at $181,000 after acquiring an additional 144 shares during the last quarter. Danske Bank A S boosted its position in shares of Boeing by 20.5% during the 4th quarter. Danske Bank A S now owns 226,519 shares of the aircraft producer’s stock valued at $49,182,000 after acquiring an additional 38,478 shares during the last quarter. Mutual Advisors LLC boosted its position in shares of Boeing by 16.1% during the 4th quarter. Mutual Advisors LLC now owns 25,987 shares of the aircraft producer’s stock valued at $5,642,000 after acquiring an additional 3,602 shares during the last quarter. Pegasus Asset Management Inc. boosted its position in shares of Boeing by 63.3% during the 4th quarter. Pegasus Asset Management Inc. now owns 21,664 shares of the aircraft producer’s stock valued at $4,704,000 after acquiring an additional 8,401 shares during the last quarter. Finally, Account Management LLC boosted its position in shares of Boeing by 17.0% during the 4th quarter. Account Management LLC now owns 2,750 shares of the aircraft producer’s stock valued at $597,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock opened at $227.58 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The company has a market cap of $179.40 billion, a PE ratio of 110.48 and a beta of 1.21. The business has a 50 day moving average of $217.11 and a 200 day moving average of $217.36. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. Boeing’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.49) EPS. As a group, equities research analysts forecast that The Boeing Company will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BA. TD Cowen reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Tigress Financial boosted their target price on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday. Vertical Research restated a “buy” rating and issued a $281.00 target price on shares of Boeing in a research report on Tuesday, January 27th. Citigroup dropped their target price on Boeing from $290.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Finally, UBS Group boosted their target price on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $259.60.

Check Out Our Latest Research Report on BA

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Insiders Place Their Bets

In related news, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the completion of the transaction, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. This 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 this hyperlink. Also, Director Mortimer J. Buckley bought 2,230 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of $224.20 per share, with a total value of $499,966.00. Following the acquisition, the director owned 4,430 shares of the company’s stock, valued at $993,206. This represents a 101.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 21,012 shares of company stock worth $4,980,687 in the last ninety days. Insiders own 0.10% of the company’s stock.

Boeing Company 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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