Mmbg Investment Advisors CO. Grows Holdings in The Boeing Company $BA

Mmbg Investment Advisors CO. lifted its holdings in The Boeing Company (NYSE:BAFree Report) by 41.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,235 shares of the aircraft producer’s stock after buying an additional 2,405 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in Boeing were worth $1,788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing in the 3rd quarter worth about $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing during the 4th quarter valued at about $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Boeing during the 4th quarter valued at about $28,000. Finally, American National Bank & Trust grew its position in Boeing by 124.2% during the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Insider Activity

In related news, Director Mortimer J. Buckley bought 2,230 shares of the stock in a transaction on Tuesday, March 3rd. The shares were acquired at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the purchase, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. The trade was a 101.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

Boeing Price Performance

BA opened at $219.18 on Tuesday. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The stock has a market capitalization of $172.78 billion, a P/E ratio of 106.40 and a beta of 1.21. The company’s 50-day simple moving average is $217.63 and its two-hundred day simple moving average is $218.86. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35.

Boeing (NYSE:BAGet Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $22.15 billion. Boeing’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.49) EPS. As a group, analysts predict that The Boeing Company will post -0.15 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on BA shares. TD Cowen reissued a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Tigress Financial increased their price objective 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. Morgan Stanley increased their price objective on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. UBS Group increased their price objective on shares of Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Vertical Research reissued a “buy” rating and set a $281.00 price objective on shares of Boeing in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, fifteen 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, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Check Out Our Latest Research Report on Boeing

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.

Further Reading

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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