Jones Kertz & Associates Inc. Invests $1.63 Million in The Boeing Company $BA

Jones Kertz & Associates Inc. purchased a new position in shares of The Boeing Company (NYSE:BAFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,513 shares of the aircraft producer’s stock, valued at approximately $1,631,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing during the 3rd quarter worth $25,000. American National Bank & Trust grew its stake in shares of Boeing by 124.2% during the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 77 shares during the period. Reyes Financial Architecture Inc. acquired a new position in shares of Boeing during the 3rd quarter worth $32,000. Davis Capital Management acquired a new position in shares of Boeing during the 3rd quarter worth $33,000. Finally, Game Plan Financial Advisors LLC boosted its stake in shares of Boeing by 650.0% during the 4th quarter. Game Plan Financial Advisors LLC now owns 150 shares of the aircraft producer’s stock worth $33,000 after acquiring an additional 130 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.8%

NYSE:BA opened at $225.11 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The stock has a fifty day simple moving average of $218.88 and a 200-day simple moving average of $216.73. The Boeing Company has a 52-week low of $156.47 and a 52-week high of $254.35. The company has a market capitalization of $176.79 billion, a PE ratio of 112.00 and a beta of 1.13.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The business had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $22.41 billion. During the same period last year, the business earned ($5.90) earnings per share. The company’s revenue for the quarter was up 57.1% on a year-over-year basis. On average, equities research analysts expect that The Boeing Company will post -0.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BA. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. UBS Group boosted their price target on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. boosted their price target on Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Royal Bank Of Canada boosted their price target on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, Argus raised Boeing to a “hold” rating in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $254.35.

Get Our Latest Research Report on BA

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 2,731 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total transaction of $644,516.00. Following the sale, the executive vice president owned 11,925 shares of the company’s stock, valued at $2,814,300. This trade represents a 18.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total value of $1,528,606.97. Following the sale, the senior vice president directly owned 13,978 shares in the company, valued at approximately $3,401,825.86. The trade was a 31.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 21,012 shares of company stock valued at $4,980,687. Company insiders own 0.10% of the company’s stock.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

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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