Tactive Advisors LLC Decreases Stake in The Boeing Company $BA

Tactive Advisors LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 71.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,025 shares of the aircraft producer’s stock after selling 2,627 shares during the quarter. Tactive Advisors LLC’s holdings in Boeing were worth $204,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in BA. Spectrum Planning & Advisory Services Inc. increased its stake in shares of Boeing by 4.2% in the first quarter. Spectrum Planning & Advisory Services Inc. now owns 1,794 shares of the aircraft producer’s stock worth $357,000 after buying an additional 72 shares during the last quarter. Evolve Private Wealth LLC boosted its stake in Boeing by 55.0% during the 1st quarter. Evolve Private Wealth LLC now owns 5,694 shares of the aircraft producer’s stock valued at $1,133,000 after acquiring an additional 2,020 shares during the last quarter. Meadowbrook Advisors Group LLC grew its holdings in Boeing by 2.5% during the 1st quarter. Meadowbrook Advisors Group LLC now owns 1,955 shares of the aircraft producer’s stock worth $389,000 after acquiring an additional 47 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in Boeing by 58.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 408,024 shares of the aircraft producer’s stock worth $81,209,000 after acquiring an additional 151,084 shares in the last quarter. Finally, Balboa Wealth Partners increased its position in shares of Boeing by 1.0% in the 1st quarter. Balboa Wealth Partners now owns 12,958 shares of the aircraft producer’s stock worth $2,579,000 after purchasing an additional 125 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost 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 represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BA shares. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Morgan Stanley upped their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Finally, Wells Fargo & Company initiated coverage on Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.32.

Boeing Stock Performance

Shares of BA stock opened at $220.93 on Tuesday. 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 moving average of $224.24 and a two-hundred day moving average of $223.18. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The company has a market cap of $174.16 billion, a P/E ratio of 107.25 and a beta of 1.19.

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

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.