The Boeing Company $BA Shares Bought by Waycross Partners LLC

Waycross Partners LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 191,162 shares of the aircraft producer’s stock after acquiring an additional 3,827 shares during the quarter. Boeing makes up 3.5% of Waycross Partners LLC’s investment portfolio, making the stock its 10th largest position. Waycross Partners LLC’s holdings in Boeing were worth $41,258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of BA. Vanguard Group Inc. boosted its holdings in Boeing by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after buying an additional 1,118,316 shares during the last quarter. Ninety One UK Ltd purchased a new position in shares of Boeing in the third quarter valued at approximately $192,734,000. Amundi boosted its stake in shares of Boeing by 75.5% in the second quarter. Amundi now owns 1,776,634 shares of the aircraft producer’s stock worth $376,700,000 after acquiring an additional 764,236 shares during the last quarter. Newport Trust Company LLC increased its position in shares of Boeing by 2.5% during the third quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock worth $6,301,901,000 after purchasing an additional 707,490 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Boeing by 3,581.5% during the second quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after purchasing an additional 692,489 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lowered Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a report on Thursday, October 30th. Morgan Stanley set a $245.00 price target on shares of Boeing in a research note on Wednesday, January 28th. Loop Capital set a $223.00 price objective on shares of Boeing in a research note on Monday, November 3rd. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. Finally, Royal Bank Of Canada increased their price target on Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. One investment 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 stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.14.

Boeing Trading Up 0.4%

Shares of NYSE BA opened at $243.86 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37. The stock has a market capitalization of $191.51 billion, a PE ratio of 121.32 and a beta of 1.15. The stock has a fifty day simple moving average of $230.52 and a 200-day simple moving average of $219.60. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, beating the consensus estimate of ($0.40) by $10.32. The business had revenue of $23.95 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business posted ($5.90) EPS. On average, equities analysts forecast 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 Dana S. Deasy purchased 554 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average price of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the purchase, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. The trade was a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 2,731 shares of the stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $236.00, for a total transaction of $644,516.00. Following the completion of the sale, the executive vice president directly owned 11,925 shares in the company, valued at approximately $2,814,300. This represents a 18.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.09% of the stock is owned by corporate insiders.

Boeing 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.