Mutual of America Capital Management LLC Sells 4,515 Shares of The Boeing Company $BA

Mutual of America Capital Management LLC cut its stake in The Boeing Company (NYSE:BAFree Report) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 81,826 shares of the aircraft producer’s stock after selling 4,515 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Boeing were worth $17,661,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction on Thursday, November 6th. The stock was 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 approximately $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Dana S. Deasy bought 554 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was purchased at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the acquisition, the senior vice president directly owned 28,442 shares in the company, valued at $5,087,704.96. The trade was a 1.99% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.09% of the stock is currently owned by company insiders.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

Boeing Price Performance

BA opened at $252.16 on Monday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $254.14. The firm has a fifty day moving average price of $214.08 and a 200 day moving average price of $218.29. The stock has a market cap of $191.66 billion, a P/E ratio of -18.43, a P/E/G ratio of 7.18 and a beta of 1.16.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the firm earned ($10.44) earnings per share. The company’s revenue for the quarter was up 30.4% compared to the same quarter last year. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Loop Capital set a $223.00 price objective on Boeing in a report on Monday, November 3rd. UBS Group reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, December 10th. Zacks Research upgraded Boeing from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Boeing from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $241.26.

Check Out Our Latest Analysis on BA

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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