3,053 Shares in The Boeing Company $BA Bought by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp bought a new stake in The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,053 shares of the aircraft producer’s stock, valued at approximately $661,000.

A number of other large investors have also added to or reduced their stakes in BA. Revolve Wealth Partners LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $201,000. Sivia Capital Partners LLC lifted its position in Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after acquiring an additional 217 shares during the last quarter. AXA S.A. increased its position in shares of Boeing by 1,225.7% during the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after purchasing an additional 32,041 shares in the last quarter. Ieq Capital LLC increased its position in shares of Boeing by 243.8% during the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after purchasing an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Boeing by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after purchasing an additional 53,736 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Boeing Stock Down 2.2%

Boeing stock opened at $226.48 on Tuesday. The business’s 50-day moving average price is $221.91 and its 200 day moving average price is $222.66. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. 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 Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

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

Analyst Upgrades and Downgrades

BA has been the topic of several research analyst reports. Morgan Stanley boosted their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. William Blair reissued an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. Sanford C. Bernstein started coverage on shares of Boeing in a report on Tuesday, August 11th. They issued an “outperform” rating on the stock. Barclays cut shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One investment 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $272.58.

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.