The Boeing Company $BA Shares Sold by Phoenix Financial Ltd.

Phoenix Financial Ltd. reduced its stake in The Boeing Company (NYSE:BA) by 18.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 25,117 shares of the aircraft producer’s stock after selling 5,651 shares during the quarter. Phoenix Financial Ltd.’s holdings in Boeing were worth $5,453,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in Boeing in the third quarter valued at approximately $25,000. Ares Financial Consulting LLC acquired a new position in Boeing in the fourth quarter valued at approximately $26,000. Strategic Wealth Advisors LLC acquired a new position in Boeing in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Boeing in the fourth quarter valued at approximately $28,000. Finally, American National Bank & Trust boosted its position in shares of Boeing by 124.2% during the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after buying an additional 77 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BA shares. Vertical Research reiterated a “buy” rating and set a $281.00 price objective on shares of Boeing in a research report on Tuesday, January 27th. UBS Group boosted their price objective on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted their price objective on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a research report on Wednesday, January 28th. Finally, Citigroup reduced their price objective on Boeing from $290.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $259.60.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 1,503 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the sale, the executive vice president directly owned 19,015 shares in the company, valued at $4,445,326.70. This represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mortimer J. Buckley bought 2,230 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was purchased 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 of the company’s stock, valued at $993,206. This trade represents a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is currently owned by insiders.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The China order would be Boeing’s biggest U.S.-China jet deal in years and a meaningful boost to the company’s commercial backlog, supporting future revenue visibility. China set to buy 200 Boeing planes in biggest US jet deal with Beijing in years
• Positive Sentiment: U.S. Treasury Secretary Scott Bessent said he expected large Boeing orders to be announced during Trump’s China visit, reinforcing hopes that the summit could improve Boeing’s sales outlook. US Treasury’s Bessent expects large Boeing order during China visit
• Positive Sentiment: Boeing also continues to benefit from strong analyst support and a favorable long-term backlog story, which helped keep broader sentiment constructive before the headline disappointment. The Boeing Company (BA) Is a Trending Stock: Facts to Know Before Betting on It

Boeing Stock Performance

BA opened at $229.37 on Friday. The company has a market capitalization of $180.81 billion, a price-to-earnings ratio of 111.35 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The business has a 50 day moving average price of $217.74 and a two-hundred day moving average price of $218.36.

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

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.