V. M. Manning & CO. Inc. Buys Shares of 9,474 The Boeing Company $BA

V. M. Manning & CO. Inc. bought a new stake in shares of The Boeing Company (NYSE:BAFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,474 shares of the aircraft producer’s stock, valued at approximately $2,255,000. Boeing accounts for about 2.0% of V. M. Manning & CO. Inc.’s portfolio, making the stock its 8th largest holding.

Other hedge funds also recently modified their holdings of the company. Wallace Advisory Group LLC grew its holdings in Boeing by 1.2% during the second quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after purchasing an additional 44 shares during the period. Aspire Capital Advisors LLC lifted its position in shares of Boeing by 0.8% during the 2nd quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after buying an additional 45 shares during the last quarter. Lantz Financial LLC grew its stake in shares of Boeing by 1.5% during the 2nd quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer’s stock worth $644,000 after acquiring an additional 46 shares during the period. Blue Barn Wealth LLC increased its holdings in Boeing by 1.8% in the 2nd quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock worth $544,000 after acquiring an additional 46 shares during the last quarter. Finally, Atlas Brown Inc. raised its stake in Boeing by 0.7% in the 2nd quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer’s stock valued at $1,362,000 after acquiring an additional 48 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $218.03 on Friday. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The stock has a fifty day moving average of $202.03 and a 200 day moving average of $214.28. The firm has a market capitalization of $165.72 billion, a price-to-earnings ratio of -15.94 and a beta of 1.18.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($10.44) earnings per share. Equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

More Boeing News

Here are the key news stories impacting Boeing this week:

Insider Buying and Selling

In related news, SVP Dana S. Deasy purchased 554 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were purchased at an average price of $178.88 per share, with a total value of $99,099.52. Following the acquisition, the senior vice president directly owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on BA. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a research note on Wednesday, October 8th. New Street Research set a $257.00 price target on Boeing in a report on Tuesday, December 9th. Zacks Research upgraded Boeing from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Citigroup began coverage on Boeing in a research note on Thursday, December 11th. They issued a “buy” rating and a $265.00 target price for the company. Finally, Susquehanna reduced their target price on Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a report on Wednesday, November 12th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $233.17.

View Our Latest Analysis on Boeing

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.

Read More

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAFree Report).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.