Vest Financial LLC Boosts Holdings in The Boeing Company $BA

Vest Financial LLC increased its position in The Boeing Company (NYSE:BA) by 23.8% during the third quarter, HoldingsChannel.com reports. The firm owned 19,441 shares of the aircraft producer’s stock after acquiring an additional 3,741 shares during the quarter. Vest Financial LLC’s holdings in Boeing were worth $4,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Asset Planning Inc. bought a new position in shares of Boeing in the second quarter worth approximately $25,000. Davis Capital Management purchased a new position in Boeing in the 3rd quarter worth approximately $33,000. Howard Hughes Medical Institute purchased a new position in Boeing in the 2nd quarter worth approximately $34,000. Decker Retirement Planning Inc. bought a new position in Boeing in the 2nd quarter valued at approximately $35,000. Finally, IMG Wealth Management Inc. boosted its stake in Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after purchasing an additional 110 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Activity

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Dana S. Deasy acquired 554 shares of Boeing stock in a transaction dated Monday, November 24th. The stock was purchased at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the purchase, the senior vice president owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.09% of the stock is owned by company insiders.

Boeing Trading Up 0.5%

Shares of BA stock opened at $251.25 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $254.14. The stock has a market cap of $190.97 billion, a P/E ratio of -18.37, a P/E/G ratio of 7.12 and a beta of 1.16. The company has a 50 day simple moving average of $212.93 and a two-hundred day simple moving average of $218.11.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. Boeing’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same period last year, the firm posted ($10.44) earnings per share. As a group, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BA shares. JPMorgan Chase & Co. boosted their price target on Boeing from $240.00 to $245.00 and gave the stock an “overweight” rating in a research note on Friday, December 19th. Deutsche Bank Aktiengesellschaft cut shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Finally, New Street Research set a $257.00 target price on shares of Boeing in a report on Tuesday, December 9th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $241.26.

Boeing Profile

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.