The Boeing Company $BA Stock Holdings Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of The Boeing Company (NYSE:BA) by 4.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,383 shares of the aircraft producer’s stock after selling 3,621 shares during the quarter. State of Alaska Department of Revenue’s holdings in Boeing were worth $17,564,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Harbor Asset Planning Inc. acquired a new position in shares of Boeing during the second quarter worth approximately $25,000. Piscataqua Savings Bank raised its holdings in shares of Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares in the last quarter. Davis Capital Management bought a new position in shares of Boeing during the third quarter valued at $33,000. Howard Hughes Medical Institute bought a new position in Boeing during the 2nd quarter valued at about $34,000. Finally, Decker Retirement Planning Inc. bought a new stake in Boeing during the 2nd quarter worth approximately $35,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 0.4%

Shares of NYSE BA opened at $227.22 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The company has a market cap of $172.70 billion, a price-to-earnings ratio of -16.61, a PEG ratio of 6.57 and a beta of 1.16. The stock has a 50-day moving average price of $203.31 and a two-hundred day moving average price of $215.53.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period in the previous year, the business posted ($10.44) EPS. Boeing’s revenue was up 30.4% compared to the same quarter last year. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on BA. BNP Paribas set a $150.00 price objective on Boeing in a research report on Tuesday, November 18th. Loop Capital set a $223.00 target price on Boeing in a research note on Monday, November 3rd. Jefferies Financial Group set a $255.00 price objective on shares of Boeing in a report on Tuesday, September 30th. Susquehanna dropped their target price on Boeing from $270.00 to $255.00 and set a “positive” rating on the stock in a research report on Wednesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target on the stock. in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $235.33.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 1,366 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This represents a 8.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Dana S. Deasy purchased 554 shares of the firm’s stock in a transaction on 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 purchase, the senior vice president directly owned 28,442 shares in the company, valued at $5,087,704.96. This represents a 1.99% increase in their position. The SEC filing for this purchase provides additional information. 0.09% of the stock is owned by corporate insiders.

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.