3,481 Shares in The Boeing Company $BA Bought by Performance Wealth Partners LLC

Performance Wealth Partners LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,481 shares of the aircraft producer’s stock, valued at approximately $754,000.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Boeing by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after purchasing an additional 3,460,021 shares during the period. Bank of New York Mellon Corp purchased a new position in Boeing during the 2nd quarter valued at about $747,763,000. Deutsche Bank AG bought a new position in Boeing during the 2nd quarter valued at approximately $539,456,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Boeing during the 2nd quarter valued at approximately $441,997,000. Finally, Alyeska Investment Group L.P. lifted its holdings in Boeing by 245.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after buying an additional 1,600,909 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of several research analyst reports. Btg Pactual set a $260.00 target price on Boeing in a research note on Tuesday, July 14th. Barclays lowered Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. BNP Paribas Exane upgraded shares of Boeing from an “underperform” rating to an “outperform” rating and lifted their price target for the company from $230.00 to $300.00 in a report on Monday, August 3rd. Cantor Fitzgerald downgraded shares of Boeing to a “neutral” rating in a research report on Tuesday, August 11th. Finally, Robert W. Baird set a $300.00 price objective on shares of Boeing in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $272.58.

Insider Activity

In related news, Director Bradley D. Tilden purchased 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director directly owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Boeing Stock Down 2.2%

Shares of Boeing stock opened at $226.48 on Tuesday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The firm has a market cap of $179.00 billion, a price-to-earnings ratio of 98.04 and a beta of 1.21. The company has a 50-day moving average of $221.91 and a 200 day moving average of $222.66. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The business had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The company’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.24) EPS. As a group, sell-side analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

About Boeing

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.