Koenig Investment Advisory LLC Invests $1 Million in The Boeing Company $BA

Koenig Investment Advisory LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 4,365 shares of the aircraft producer’s stock, valued at approximately $1,001,000. Boeing makes up about 0.8% of Koenig Investment Advisory LLC’s portfolio, making the stock its 19th largest position.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in 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 buying an additional 3,460,021 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in Boeing by 245.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock valued at $489,052,000 after acquiring an additional 1,600,909 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Boeing by 43.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock valued at $840,204,000 after acquiring an additional 1,176,074 shares during the last quarter. Viking Global Investors LP grew its position in Boeing by 31.3% in the fourth quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock worth $858,294,000 after acquiring an additional 942,536 shares in the last quarter. Finally, Deutsche Bank AG grew its position in Boeing by 47.5% in the fourth quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock worth $515,930,000 after acquiring an additional 765,197 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was 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 in the company, valued at $299,345. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BA shares. Wolfe Research restated an “outperform” rating and set a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Tigress Financial increased their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley raised their target price on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $262.32.

Boeing Stock Performance

NYSE:BA opened at $223.51 on Friday. The firm has a market capitalization of $176.19 billion, a PE ratio of 108.50 and a beta of 1.19. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The firm’s fifty day simple moving average is $224.23 and its 200 day simple moving average is $222.81.

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

About Boeing

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.