Natixis Advisors LLC Acquires 138,924 Shares of The Boeing Company $BA

Natixis Advisors LLC boosted its holdings in The Boeing Company (NYSE:BAFree Report) by 8.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,726,366 shares of the aircraft producer’s stock after purchasing an additional 138,924 shares during the period. Boeing accounts for approximately 0.5% of Natixis Advisors LLC’s portfolio, making the stock its 26th largest position. Natixis Advisors LLC’s holdings in Boeing were worth $374,828,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in Boeing in the 3rd quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new position in Boeing in the 4th quarter worth approximately $26,000. Strategic Wealth Advisors LLC bought a new position in Boeing in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Boeing in the 4th quarter worth approximately $28,000. Finally, American National Bank & Trust increased its position in Boeing by 124.2% in the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after buying an additional 77 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Boeing Price Performance

Shares of BA stock opened at $224.45 on Tuesday. The stock’s fifty day simple moving average is $219.35 and its 200 day simple moving average is $219.91. 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 $176.94 billion, a price-to-earnings ratio of 108.96 and a beta of 1.21. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BAGet Free Report) last announced 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 company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. Boeing’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.49) EPS. On average, analysts expect that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Morgan Stanley boosted their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Tigress Financial boosted their price objective on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company assumed coverage on Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

Read Our Latest Stock Report on Boeing

Insider Buying and Selling

In related news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Boeing 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.

Featured Articles

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.