Stark Wealth Management LLC purchased a new stake in The Boeing Company (NYSE:BA – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,523 shares of the aircraft producer’s stock, valued at approximately $548,000. Boeing accounts for approximately 1.9% of Stark Wealth Management LLC’s portfolio, making the stock its 16th biggest position.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing in the third quarter valued at about $25,000. Ares Financial Consulting LLC bought a new position in shares of Boeing during the fourth quarter worth about $26,000. 1 North Wealth Services LLC acquired a new position in shares of Boeing in the fourth quarter worth approximately $27,000. Strategic Wealth Advisors LLC acquired a new position in shares of Boeing in the fourth quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Boeing in the fourth quarter valued at approximately $28,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.
Boeing Stock Performance
Shares of BA opened at $229.22 on Tuesday. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The firm has a market cap of $180.70 billion, a PE ratio of 111.27 and a beta of 1.20. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The stock’s fifty day moving average price is $223.20 and its two-hundred day moving average price is $222.01.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on BA. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Wolfe Research restated an “outperform” rating and set a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Wells Fargo & Company started coverage on Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target on the stock. Citigroup raised their price objective on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Finally, Tigress Financial increased their price objective on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $262.32.
Read Our Latest Stock Analysis on BA
Key Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Falling oil prices and a broad risk-on rally tied to the U.S.-Iran ceasefire improved sentiment across aerospace and airline names, helping boost Boeing stock. Stock Market Today: Dow Jumps 600 Points On U.S.-Iran Deal; Chip Companies, Boeing Take Off (Live Coverage)
- Positive Sentiment: Reports that Boeing is out of the U.S. Navy trainer competition may be viewed as a disciplined move to focus on higher-value programs and preserve capital for core production and defense priorities. Boeing Out of United States Navy Trainer Program, Boeing Stock (NYSE:BA) Jumps
- Positive Sentiment: Recent operational updates show Boeing investing $2.35 billion to expand capacity in Wichita, Kansas, while May aircraft deliveries improved and the U.S. Air Force backed Boeing’s updated KC-46A tanker vision system, supporting the case for improving execution in both commercial and defense businesses. Boeing Updates Capacity And Defense Progress As Shares Trade Below Targets
- Neutral Sentiment: Social-media and market commentary continues to point to production-ramp hopes and FAA approval expectations as potential longer-term catalysts, but near-term volatility remains tied to delivery timing and program execution. Boeing Stock (BA) Opinions on Production Ramp and FAA Approvals
Insider Activity
In related news, Director Bradley D. Tilden acquired 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.
Boeing Company 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.
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