Westmount Partners LLC Has $1.35 Million Stock Holdings in The Boeing Company $BA

Westmount Partners LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 149.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,810 shares of the aircraft producer’s stock after buying an additional 4,077 shares during the period. Westmount Partners LLC’s holdings in Boeing were worth $1,355,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in BA. Vanguard Group Inc. lifted its stake in Boeing by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after acquiring an additional 3,460,021 shares in the last quarter. Alyeska Investment Group L.P. boosted its holdings in Boeing by 245.7% during 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 acquiring an additional 1,600,909 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Boeing by 43.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock worth $840,204,000 after acquiring an additional 1,176,074 shares in the last quarter. Viking Global Investors LP grew its stake in shares of Boeing by 31.3% in the 4th quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock worth $858,294,000 after acquiring an additional 942,536 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Boeing by 47.5% in the fourth quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock valued at $515,930,000 after purchasing an additional 765,197 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 0.4%

Shares of Boeing stock opened at $223.51 on Friday. 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 $176.19 billion, a PE ratio of 108.50 and a beta of 1.19. The stock has a fifty day moving average price of $224.23 and a 200-day moving average price of $222.81. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Boeing’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.49) earnings per share. Equities research analysts anticipate that The Boeing Company will post -0.15 EPS for the current year.

Insider Transactions at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction 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 completion of the transaction, the director owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wells Fargo & Company started coverage on shares of Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Morgan Stanley increased their price objective 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. Finally, Citigroup lifted their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $262.32.

Boeing Company Profile

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.