Royal London Asset Management Ltd. Grows Stock Holdings in The Boeing Company $BA

Royal London Asset Management Ltd. grew its holdings in The Boeing Company (NYSE:BAFree Report) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 371,058 shares of the aircraft producer’s stock after purchasing an additional 41,269 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Boeing were worth $80,564,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Fisher Asset Management LLC boosted its holdings in shares of Boeing by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after purchasing an additional 177,597 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Boeing by 41.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after purchasing an additional 65,216 shares during the last quarter. Princeton Capital Management LLC boosted its holdings in shares of Boeing by 78.3% in the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after purchasing an additional 5,381 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Boeing in the 4th quarter valued at $55,787,000. Finally, Granite Investment Partners LLC boosted its holdings in shares of Boeing by 1,984.0% in the 3rd quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock valued at $6,787,000 after purchasing an additional 29,939 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of BA stock opened at $219.23 on Friday. The firm has a market cap of $172.82 billion, a P/E ratio of 106.42 and a beta of 1.19. 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 Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The firm has a fifty day moving average of $222.78 and a two-hundred day moving average of $221.38.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period last year, the firm posted ($0.49) earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. As a group, research analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Morgan Stanley raised their target price on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Tigress Financial raised their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Wolfe Research reissued an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $262.32.

Get Our Latest Stock Analysis on Boeing

Insider Activity at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

About Boeing

(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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