The Boeing Company $BA Shares Bought by SteelPeak Wealth LLC

SteelPeak Wealth LLC grew its stake in The Boeing Company (NYSE:BAFree Report) by 50.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 26,360 shares of the aircraft producer’s stock after buying an additional 8,833 shares during the quarter. SteelPeak Wealth LLC’s holdings in Boeing were worth $5,689,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lazard Freres Gestion S.A.S. acquired a new stake in shares of Boeing in the 3rd quarter valued at $201,000. CMH Wealth Management LLC increased its holdings in Boeing by 0.8% in the third quarter. CMH Wealth Management LLC now owns 55,932 shares of the aircraft producer’s stock valued at $12,072,000 after buying an additional 442 shares during the last quarter. Golden State Equity Partners raised its stake in Boeing by 16.8% in the third quarter. Golden State Equity Partners now owns 5,113 shares of the aircraft producer’s stock valued at $1,104,000 after buying an additional 737 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in Boeing by 92.5% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 156,470 shares of the aircraft producer’s stock worth $33,771,000 after buying an additional 75,192 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its position in shares of Boeing by 0.6% during the 3rd quarter. Guyasuta Investment Advisors Inc. now owns 7,925 shares of the aircraft producer’s stock worth $1,710,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.7%

BA stock opened at $217.07 on Friday. The company has a market capitalization of $164.99 billion, a P/E ratio of -15.87 and a beta of 1.16. The business has a 50 day simple moving average of $202.14 and a 200-day simple moving average of $214.52. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

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

More Boeing News

Here are the key news stories impacting Boeing this week:

Insider Activity

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BA shares. Royal Bank Of Canada reissued an “outperform” rating and set a $250.00 target price on shares of Boeing in a research report on Monday, September 29th. Tigress Financial reissued a “buy” rating and set a $275.00 price objective on shares of Boeing in a report on Monday. BNP Paribas set a $150.00 price objective on shares of Boeing in a research report on Tuesday, November 18th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and increased their target price for the company from $242.00 to $270.00 in a research report on Monday, September 8th. Finally, UBS Group reissued a “buy” rating on shares of Boeing in a research report on Wednesday, December 10th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.92.

View Our Latest Analysis on BA

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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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