HighTower Advisors LLC Has $137.53 Million Stock Holdings in The Boeing Company $BA

HighTower Advisors LLC grew its position in shares of The Boeing Company (NYSE:BAFree Report) by 5.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 633,411 shares of the aircraft producer’s stock after buying an additional 33,174 shares during the quarter. HighTower Advisors LLC’s holdings in Boeing were worth $137,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of BA. Vanguard Group Inc. grew its holdings in shares of Boeing by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after purchasing an additional 3,460,021 shares in the last quarter. Newport Trust Company LLC raised its stake in Boeing by 2.5% in the third quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock valued at $6,301,901,000 after purchasing an additional 707,490 shares in the last quarter. Great Lakes Advisors LLC raised its stake in Boeing by 25,532.3% in the third quarter. Great Lakes Advisors LLC now owns 424,983 shares of the aircraft producer’s stock valued at $91,725,000 after purchasing an additional 423,325 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in Boeing during the fourth quarter worth about $89,368,000. Finally, Bessemer Group Inc. grew its stake in Boeing by 50.3% during the third quarter. Bessemer Group Inc. now owns 1,069,819 shares of the aircraft producer’s stock worth $230,900,000 after buying an additional 357,995 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BA. TD Cowen reissued a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing 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. Wells Fargo & Company initiated coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective for the company. Finally, Wolfe Research restated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $259.80.

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Boeing News Summary

Here are the key news stories impacting Boeing this week:

Boeing Stock Down 2.6%

BA stock opened at $214.80 on Wednesday. The firm has a 50-day moving average price of $217.25 and a 200-day moving average price of $218.33. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The stock has a market capitalization of $169.33 billion, a P/E ratio of 104.27 and a beta of 1.21.

Boeing (NYSE:BAGet Free Report) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.49) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -0.15 EPS for the current fiscal year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 1,503 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total transaction of $351,371.34. Following the sale, the executive vice president directly owned 19,015 shares in the company, valued at approximately $4,445,326.70. The trade was a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mortimer J. Buckley acquired 2,230 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average cost of $224.20 per share, with a total value of $499,966.00. Following the purchase, the director directly owned 4,430 shares of the company’s stock, valued at $993,206. This trade represents a 101.36% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

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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