International Assets Investment Management LLC Has $7.20 Million Position in The Boeing Company $BA

International Assets Investment Management LLC reduced its position in shares of The Boeing Company (NYSE:BAFree Report) by 30.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,165 shares of the aircraft producer’s stock after selling 15,990 shares during the period. International Assets Investment Management LLC’s holdings in Boeing were worth $7,198,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BA. Purus Wealth Management LLC increased its holdings in Boeing by 3.6% in the fourth quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock valued at $256,000 after purchasing an additional 41 shares during the period. West Wealth Group LLC increased its stake in shares of Boeing by 0.6% in the fourth quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer’s stock valued at $1,581,000 after buying an additional 42 shares during the period. First Heartland Consultants Inc. increased its stake in shares of Boeing by 1.1% in the fourth quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock valued at $882,000 after buying an additional 43 shares during the period. XML Financial LLC lifted its stake in shares of Boeing by 0.5% in the fourth quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock worth $1,933,000 after acquiring an additional 43 shares during the period. Finally, Global Financial Private Client LLC boosted its holdings in Boeing by 1.1% in the fourth quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock valued at $874,000 after acquiring an additional 44 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Citigroup raised their price target on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Tigress Financial upped their price target on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company started coverage on Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Morgan Stanley lifted their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings cut Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.61.

Read Our Latest Research Report on Boeing

Boeing Stock Down 0.3%

Boeing stock traded down $0.77 during midday trading on Friday, reaching $222.34. The stock had a trading volume of 3,825,758 shares, compared to its average volume of 5,207,274. The company has a fifty day moving average price of $223.28 and a two-hundred day moving average price of $224.79. 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 company has a market capitalization of $175.27 billion, a P/E ratio of 107.93 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, topping analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same period in the previous year, the company earned ($0.49) earnings per share. Boeing’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities analysts expect that The Boeing Company will post -0.1 EPS for the current fiscal year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

About Boeing

(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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