Jamison Private Wealth Management Inc. Boosts Holdings in The Boeing Company $BA

Jamison Private Wealth Management Inc. raised its position in The Boeing Company (NYSE:BAFree Report) by 104.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,265 shares of the aircraft producer’s stock after acquiring an additional 3,720 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Boeing were worth $1,577,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing during the 3rd quarter valued at $25,000. Reyes Financial Architecture Inc. purchased a new position in Boeing during the 3rd quarter worth $32,000. Davis Capital Management acquired a new position in Boeing during the 3rd quarter valued at about $33,000. Game Plan Financial Advisors LLC increased its position in Boeing by 650.0% during the 4th quarter. Game Plan Financial Advisors LLC now owns 150 shares of the aircraft producer’s stock valued at $33,000 after buying an additional 130 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in Boeing in the second quarter valued at about $34,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on BA shares. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. TD Cowen reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Royal Bank Of Canada boosted their target price on shares of Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Finally, Argus upgraded shares of Boeing to a “hold” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $248.86.

Get Our Latest Stock Analysis on BA

Boeing Stock Up 5.2%

Shares of BA stock opened at $199.03 on Wednesday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $254.35. The firm has a market capitalization of $156.31 billion, a PE ratio of 99.02 and a beta of 1.14. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The stock’s 50-day simple moving average is $225.74 and its 200-day simple moving average is $216.59.

Boeing (NYSE:BAGet Free Report) last released its earnings results on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $10.32. The firm had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. The company’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same period last year, the firm earned ($5.90) EPS. Equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling at Boeing

In other news, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total value of $1,528,606.97. Following the sale, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. This represents a 31.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the transaction, the executive vice president directly owned 14,692 shares of the company’s stock, valued at approximately $3,437,781.08. This trade represents a 41.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 21,012 shares of company stock valued at $4,980,687. 0.10% of the stock is 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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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