Patriot Financial Group Insurance Agency LLC Boosts Stock Holdings in The Boeing Company $BA

Patriot Financial Group Insurance Agency LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 103.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 11,240 shares of the aircraft producer’s stock after buying an additional 5,726 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Boeing were worth $2,237,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BA. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the 3rd quarter worth $25,000. Strive Financial Group LLC bought a new position in shares of Boeing during the fourth quarter valued at $25,000. Ares Financial Consulting LLC bought a new position in shares of Boeing during the fourth quarter valued at $26,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $27,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BA. Citigroup boosted their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research note on Thursday, April 23rd. 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 report on Thursday, April 23rd. Finally, Wells Fargo & Company initiated coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $261.61.

Boeing Stock Up 0.0%

Boeing stock opened at $217.31 on Monday. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The stock has a fifty day moving average of $223.94 and a 200 day moving average of $223.60. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The stock has a market cap of $171.30 billion, a PE ratio of 105.49 and a beta of 1.20.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.49) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post -0.15 EPS for the current year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing won a new Space Force/MUOS defense contract worth up to $2 billion, adding to its government and space backlog and providing a longer-term revenue stream. Article Title
• Positive Sentiment: The EU extended its suspension of retaliatory tariffs in the Boeing-Airbus dispute, reducing the risk of fresh trade pressure on Boeing’s commercial airplane business. Article Title
• Positive Sentiment: Boeing also announced a new cybersecurity-focused SkyGuard service partnership with CYVIATION, a small but constructive sign of product expansion in aviation services. Article Title
• Neutral Sentiment: Comments from Boeing leadership about ongoing ETOPS testing and the 777X suggest there is still “a lot of work to do,” reinforcing that certification and execution risks remain. Article Title
• Negative Sentiment: A Boeing 777 freighter’s extremely low flyover in Texas drew criticism from pilots, creating another headline that could remind investors of operational and safety scrutiny around the brand. Article Title

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.