The Boeing Company $BA Shares Purchased by Gibbs Wealth Management

Gibbs Wealth Management boosted its position in shares of The Boeing Company (NYSE:BAFree Report) by 214.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,171 shares of the aircraft producer’s stock after purchasing an additional 19,208 shares during the period. Boeing makes up 0.7% of Gibbs Wealth Management’s holdings, making the stock its 29th biggest holding. Gibbs Wealth Management’s holdings in Boeing were worth $5,607,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BA. Alesco Advisors LLC An ESL Co grew its stake in shares of Boeing by 59.2% in the 1st quarter. Alesco Advisors LLC An ESL Co now owns 2,044 shares of the aircraft producer’s stock valued at $407,000 after buying an additional 760 shares during the period. CI Investments Inc. raised its position in shares of Boeing by 5,624.7% during the 1st quarter. CI Investments Inc. now owns 167,849 shares of the aircraft producer’s stock valued at $33,407,000 after buying an additional 164,917 shares during the period. First Trust Advisors LP lifted its holdings in Boeing by 2.9% in the first quarter. First Trust Advisors LP now owns 755,537 shares of the aircraft producer’s stock valued at $150,374,000 after acquiring an additional 21,274 shares during the last quarter. Marin Bay Wealth Advisors LLC lifted its holdings in Boeing by 1,476.5% in the first quarter. Marin Bay Wealth Advisors LLC now owns 28,534 shares of the aircraft producer’s stock valued at $5,679,000 after acquiring an additional 26,724 shares during the last quarter. Finally, Millennium Capital Advisors LLC grew its position in Boeing by 10.8% in the first quarter. Millennium Capital Advisors LLC now owns 5,135 shares of the aircraft producer’s stock worth $1,022,000 after acquiring an additional 501 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Citigroup raised their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Btg Pactual set a $260.00 price target on Boeing in a report on Tuesday, July 14th. Wolfe Research reissued an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Tigress Financial boosted their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Wells Fargo & Company started coverage on shares of Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.53.

Check Out Our Latest Stock Report on BA

Insider Transactions at Boeing

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Boeing Stock Performance

NYSE:BA opened at $209.03 on Friday. The company has a fifty day simple moving average of $219.57 and a two-hundred day simple moving average of $224.46. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The company has a market cap of $164.78 billion, a price-to-earnings ratio of 101.47 and a beta of 1.21.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.49) EPS. As a group, equities analysts anticipate that The Boeing Company will post -0.33 earnings per share for the current fiscal year.

Boeing Company 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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