Sather Financial Group Inc Has $50.49 Million Stock Position in The Boeing Company $BA

Sather Financial Group Inc increased its holdings in The Boeing Company (NYSE:BA) by 4.2% in the 1st quarter, Holdings Channel reports. The fund owned 253,665 shares of the aircraft producer’s stock after purchasing an additional 10,235 shares during the period. Boeing makes up about 3.1% of Sather Financial Group Inc’s portfolio, making the stock its 11th biggest position. Sather Financial Group Inc’s holdings in Boeing were worth $50,487,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after purchasing an additional 3,460,021 shares in the last quarter. Newport Trust Company LLC grew its position in Boeing by 1.0% during the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after purchasing an additional 286,848 shares in the last quarter. Geode Capital Management LLC increased its stake in Boeing by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after buying an additional 533,753 shares during the period. Fisher Asset Management LLC increased its stake in Boeing by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock valued at $1,224,752,000 after buying an additional 135,860 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Boeing by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock valued at $948,905,000 after buying an additional 138,469 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

BA stock traded down $2.05 during midday trading on Tuesday, hitting $232.49. 1,367,927 shares of the company traded hands, compared to its average volume of 6,993,345. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The business has a 50 day simple moving average of $223.60 and a 200-day simple moving average of $224.25. The stock has a market capitalization of $183.27 billion, a price-to-earnings ratio of 112.93 and a beta of 1.21.

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

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing started operating a fourth 737 MAX final assembly line in Everett, a move aimed at increasing output toward 47 jets per month and signaling stronger production capacity. Boeing’s new 737 assembly line starts moving in Everett
• Positive Sentiment: Reports also pointed to strong June delivery numbers, reinforcing the view that Boeing’s commercial aircraft production is improving. Boeing (BA) Stock Trades Up, Here Is Why
• Positive Sentiment: Denmark said it will buy two P-8A Poseidon maritime patrol aircraft from Boeing, adding another defense-related order to Boeing’s backlog. Denmark to buy two maritime patrol aircraft from Boeing, defence ministry says
• Neutral Sentiment: Analyst coverage remains generally constructive, with Wall Street views still supportive of the stock’s longer-term outlook. Is It Worth Investing in Boeing (BA) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Boeing also disclosed an unplanned IT outage that disrupted both commercial and defense production systems, creating a temporary operational headwind. Boeing (BA) Hit By IT Outage That Disrupted Commercial And Defense Production

Analyst Ratings Changes

A number of equities research analysts have issued reports on BA shares. Wells Fargo & Company began coverage on shares of Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. Tigress Financial upped their price target on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $261.61.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction that occurred on 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 acquisition, the director directly owned 1,370 shares of the company’s stock, valued at $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 the SEC website. Insiders own 0.10% of the company’s stock.

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.