190,700 Shares in The Boeing Company $BA Purchased by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 190,700 shares of the aircraft producer’s stock, valued at approximately $35,480,000. Boeing accounts for about 3.4% of Nan Fung Trinity HK Ltd.’s investment portfolio, making the stock its 9th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Highland Investment Advisors LLC acquired a new stake in shares of Boeing in the second quarter worth $26,000. Strategic Wealth Advisors LLC bought a new position in Boeing in the 2nd quarter worth $27,000. Bell Investment Advisors Inc acquired a new position in Boeing during the 2nd quarter worth $29,000. Security National Bank of SO Dak acquired a new position in Boeing during the 2nd quarter worth $30,000. Finally, Retirement Wealth Solutions LLC boosted its holdings in Boeing by 3,575.0% during the third quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock valued at $27,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Key Headlines Impacting Boeing

Here are a few of the latest headlines about BA:

• Positive Sentiment: Boeing is targeting $10 billion in free cash flow by 2029. One analysis says achieving production and certification milestones could support substantial share-price gains, though this depends on successful execution. Article: $500 Invested in Boeing Today Could Be Worth This Much in 3 Years
• Neutral Sentiment: EVP David Raymond sold 2,994 shares for about $524,000, reducing his holdings by 7.22%; he retained 38,456 shares. The transaction may draw attention but is relatively limited in scale. SEC filing
• Negative Sentiment: A law firm announced an investigation into possible securities-law violations. The announcement is an allegation and does not establish wrongdoing, but may add legal and reputational uncertainty. Article: Investigation into Possible Securities-Law Violations

Boeing Price Performance

NYSE:BA opened at $171.53 on Friday. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The Boeing Company has a one year low of $165.01 and a one year high of $254.35. The company has a fifty day moving average price of $189.59 and a 200 day moving average price of $213.86. The stock has a market cap of $135.93 billion, a P/E ratio of 18.66 and a beta of 1.34.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.09). Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The company had revenue of $24.19 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same quarter in the prior year, the business earned ($7.47) earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. Analysts anticipate that The Boeing Company will post -1.84 earnings per share for the current year.

Insider Activity

In related news, EVP David Raymond sold 2,994 shares of Boeing stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $174.91, for a total transaction of $523,680.54. Following the sale, the executive vice president directly owned 38,456 shares of the company’s stock, valued at $6,726,338.96. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven M. Mollenkopf purchased 2,950 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average price of $173.03 per share, for a total transaction of $510,438.50. Following the completion of the purchase, the director directly owned 6,717 shares of the company’s stock, valued at approximately $1,162,242.51. This trade represents a 78.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Langenberg & Company set a $250.00 price objective on Boeing in a research note on Tuesday, October 27th. Scotiabank raised Boeing to an “outperform” rating in a research report on Wednesday, October 28th. Morgan Stanley decreased their target price on Boeing from $225.00 to $195.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 28th. Wolfe Research raised Boeing from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 24th. Finally, Deutsche Bank lifted their price target on Boeing from $244.00 to $248.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $247.88.

Boeing Company Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.