Guardian Partners Inc. Invests $1.84 Million in The Boeing Company $BA

Guardian Partners Inc. purchased a new stake in The Boeing Company (NYSE:BAFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,525 shares of the aircraft producer’s stock, valued at approximately $1,835,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BA. Black Swift Group LLC lifted its position in shares of Boeing by 100.0% during the 3rd quarter. Black Swift Group LLC now owns 10,000 shares of the aircraft producer’s stock valued at $2,158,000 after acquiring an additional 5,000 shares during the period. Korea Investment CORP grew its holdings in shares of Boeing by 2.2% in the 3rd quarter. Korea Investment CORP now owns 391,901 shares of the aircraft producer’s stock worth $84,584,000 after acquiring an additional 8,408 shares during the period. Angeles Wealth Management LLC increased its stake in Boeing by 10.7% in the 3rd quarter. Angeles Wealth Management LLC now owns 3,101 shares of the aircraft producer’s stock valued at $669,000 after purchasing an additional 299 shares in the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in Boeing by 5.8% in the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 1,170 shares of the aircraft producer’s stock valued at $253,000 after purchasing an additional 64 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Boeing by 31.9% during the third quarter. First Trust Advisors LP now owns 255,883 shares of the aircraft producer’s stock worth $55,227,000 after purchasing an additional 61,897 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Boeing Stock Performance

NYSE BA opened at $231.12 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.19 and a debt-to-equity ratio of 8.37. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $254.35. The business has a fifty day moving average of $235.70 and a 200-day moving average of $219.77. The stock has a market cap of $181.51 billion, a price-to-earnings ratio of 114.99 and a beta of 1.14.

Boeing (NYSE:BAGet Free Report) last posted 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. The firm’s revenue was up 57.1% on a year-over-year basis. During the same period in the previous year, the business earned ($5.90) EPS. As a group, analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BA. Susquehanna reiterated a “positive” rating and set a $280.00 target price on shares of Boeing in a research report on Thursday, January 15th. Morgan Stanley set a $245.00 price target on Boeing in a research note on Wednesday, January 28th. TD Cowen reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Argus raised shares of Boeing to a “hold” rating in a research note on Monday, February 2nd. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.14.

Check Out Our Latest Stock Report on BA

Insider Activity

In other news, Director Mortimer J. Buckley acquired 2,230 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average price of $224.20 per share, with a total value of $499,966.00. Following the completion of the transaction, the director directly owned 4,430 shares in the company, valued at approximately $993,206. This represents a 101.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the transaction, the senior vice president directly owned 13,978 shares in the company, valued at $3,401,825.86. The trade was a 31.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 21,012 shares of company stock valued at $4,980,687 in the last 90 days. Company insiders own 0.09% of the company’s stock.

About Boeing

(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.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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