3,481 Shares in The Boeing Company $BA Acquired by Performance Wealth Partners LLC

Performance Wealth Partners LLC bought a new position in The Boeing Company (NYSE:BA – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,481 shares of the aircraft producer’s stock, valued at approximately $754,000.

Several other large investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing in the third quarter worth $25,000. Strive Financial Group LLC bought a new stake in Boeing during the fourth quarter valued at $25,000. CrossGen Wealth LLC bought a new stake in Boeing during the fourth quarter valued at $26,000. Ares Financial Consulting LLC purchased a new position in Boeing during the fourth quarter worth about $26,000. Finally, 1 North Wealth Services LLC bought a new position in Boeing in the 4th quarter worth about $27,000. 64.82% of the stock is owned by institutional investors.

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Boeing Trading Down 2.2%

Shares of BA opened at $226.48 on Tuesday. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The firm has a market cap of $179.00 billion, a price-to-earnings ratio of 98.04 and a beta of 1.21. The firm has a 50 day moving average price of $221.91 and a 200-day moving average price of $222.66. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14.

Boeing (NYSE:BA – Get Free Report) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The business had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted ($1.24) EPS. As a group, equities research analysts forecast that The Boeing Company will post -0.87 earnings per share for the current year.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction dated 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of recent analyst reports. Barclays downgraded shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. Sanford C. Bernstein assumed coverage on shares of Boeing in a report on Tuesday, August 11th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. Finally, Citigroup cut Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.

View Our Latest Stock Analysis on BA

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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