2,444 Shares in The Boeing Company $BA Bought by MidFirst Bank

MidFirst Bank bought a new position in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,444 shares of the aircraft producer’s stock, valued at approximately $529,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Boeing by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after acquiring an additional 3,460,021 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Boeing during the 2nd quarter valued at about $747,763,000. Deutsche Bank AG bought a new position in shares of Boeing in the 2nd quarter valued at approximately $539,456,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Boeing in the 2nd quarter valued at approximately $441,997,000. Finally, Alyeska Investment Group L.P. lifted its holdings in Boeing by 245.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after purchasing an additional 1,600,909 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley upped their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upped their price target on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Robert W. Baird set a $300.00 price objective on shares of Boeing in a research note on Wednesday, July 29th. Finally, William Blair restated an “outperform” rating on shares of Boeing in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $272.58.

Boeing Price Performance

Shares of BA stock opened at $226.48 on Tuesday. The stock has a 50 day moving average of $221.91 and a two-hundred day moving average of $222.66. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a market capitalization of $179.00 billion, a P/E ratio of 98.04 and a beta of 1.21.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The firm had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.Boeing’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.24) EPS. As a group, equities analysts expect that The Boeing Company will post -0.87 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.