Pinkerton Wealth LLC Buys 8,795 Shares of The Boeing Company $BA

Pinkerton Wealth LLC increased its stake in shares of The Boeing Company (NYSE:BAFree Report) by 199.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,194 shares of the aircraft producer’s stock after acquiring an additional 8,795 shares during the period. Pinkerton Wealth LLC’s holdings in Boeing were worth $2,848,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter valued at approximately $201,000. Sivia Capital Partners LLC boosted its holdings in shares of Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after buying an additional 217 shares during the period. Vestmark Advisory Solutions Inc. bought a new stake in shares of Boeing during the 2nd quarter worth $204,000. Penserra Capital Management LLC grew its stake in Boeing by 3.1% in the 2nd quarter. Penserra Capital Management LLC now owns 8,064 shares of the aircraft producer’s stock valued at $1,689,000 after buying an additional 241 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Boeing in the 2nd quarter worth $426,000. 64.82% of the stock is owned by institutional investors.

Insider Transactions at Boeing

In other news, SVP Ann M. Schmidt sold 6,281 shares of Boeing stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the sale, the senior vice president owned 13,978 shares of the company’s stock, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $233.99, for a total value of $2,456,193.03. Following the sale, the executive vice president owned 14,692 shares in the company, valued at approximately $3,437,781.08. This represents a 41.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 21,012 shares of company stock valued at $4,980,687. 0.09% of the stock is currently owned by insiders.

Boeing Stock Performance

NYSE BA opened at $224.84 on Tuesday. The company’s fifty day moving average is $235.85 and its two-hundred day moving average is $219.73. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $254.35. The company has a debt-to-equity ratio of 8.37, a current ratio of 1.19 and a quick ratio of 0.40. The firm has a market capitalization of $176.58 billion, a price-to-earnings ratio of 111.86 and a beta of 1.14.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. During the same period in the prior year, the company posted ($5.90) EPS. The firm’s quarterly revenue was up 57.1% on a year-over-year basis. Equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BA. Citigroup reissued a “buy” rating on shares of Boeing in a research report on Thursday, February 5th. Morgan Stanley set a $245.00 price target on Boeing in a research report on Wednesday, January 28th. Sanford C. Bernstein reissued an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. Royal Bank Of Canada increased their target price on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. Finally, Zacks Research raised Boeing from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $246.14.

Read Our Latest Stock Analysis on Boeing

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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