Vest Financial LLC Boosts Stock Position in The Boeing Company $BA

Vest Financial LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 23.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,441 shares of the aircraft producer’s stock after buying an additional 3,741 shares during the period. Vest Financial LLC’s holdings in Boeing were worth $4,196,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wallace Advisory Group LLC lifted its holdings in shares of Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock worth $748,000 after acquiring an additional 44 shares during the last quarter. Aspire Capital Advisors LLC lifted its stake in Boeing by 0.8% in the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock worth $1,245,000 after purchasing an additional 45 shares during the last quarter. Blue Barn Wealth LLC lifted its stake in Boeing by 1.8% in the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after purchasing an additional 46 shares during the last quarter. N.E.W. Advisory Services LLC boosted its position in Boeing by 3.1% during the third quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock valued at $332,000 after buying an additional 46 shares during the period. Finally, Motco grew its stake in shares of Boeing by 5.4% during the third quarter. Motco now owns 921 shares of the aircraft producer’s stock valued at $199,000 after buying an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 1,366 shares of the business’s 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 sale, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Dana S. Deasy bought 554 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were acquired at an average cost 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 of the company’s stock, valued at approximately $5,087,704.96. This represents a 1.99% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is owned by corporate insiders.

Boeing Price Performance

Shares of NYSE BA opened at $251.25 on Friday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $254.14. The stock has a market capitalization of $190.97 billion, a P/E ratio of -18.37, a P/E/G ratio of 7.12 and a beta of 1.16. The company’s 50-day moving average is $212.93 and its 200 day moving average is $218.11.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same quarter last year, the firm posted ($10.44) earnings per share. The business’s quarterly revenue was up 30.4% on a year-over-year basis. Research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent research reports. Tigress Financial reissued a “buy” rating and issued a $275.00 target price on shares of Boeing in a research note on Monday, December 29th. BNP Paribas Exane set a $150.00 price objective on Boeing in a research report on Tuesday, November 18th. Jefferies Financial Group set a $255.00 price objective on Boeing in a research note on Tuesday, September 30th. Loop Capital set a $223.00 target price on shares of Boeing in a research note on Monday, November 3rd. Finally, Zacks Research raised shares of Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $241.26.

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.