13,243 Shares in The Boeing Company $BA Acquired by WCG Wealth Advisors LLC

WCG Wealth Advisors LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,243 shares of the aircraft producer’s stock, valued at approximately $2,875,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Boeing by 5.1% during the fourth 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. Geode Capital Management LLC grew its position in shares of Boeing by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after purchasing an additional 533,753 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of Boeing in the fourth quarter worth $89,368,000. Allen Investment Management LLC raised its position in shares of Boeing by 59.7% in the fourth quarter. Allen Investment Management LLC now owns 968,500 shares of the aircraft producer’s stock worth $210,281,000 after buying an additional 362,047 shares in the last quarter. Finally, Bessemer Group Inc. raised its position in shares of Boeing by 50.3% in the third quarter. Bessemer Group Inc. now owns 1,069,819 shares of the aircraft producer’s stock worth $230,900,000 after buying an additional 357,995 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wolfe Research restated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Tigress Financial raised their price target on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley lifted their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Wells Fargo & Company began coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective for the company. Finally, Citigroup raised their target price on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Insider Activity at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of 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 available at this link. 0.10% of the stock is currently owned by insiders.

Boeing Trading Up 3.2%

Shares of BA stock opened at $217.27 on Friday. The business has a 50-day moving average of $220.47 and a 200 day moving average of $220.34. 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 stock has a market capitalization of $171.27 billion, a PE ratio of 105.47 and a beta of 1.19.

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

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Qantas is reportedly considering a roughly 20-aircraft wide-body order and has opened talks with Boeing and Airbus, keeping Boeing in contention for a meaningful sale. Qantas weighs order for 20 Boeing or Airbus wide-body jets, sources say
• Positive Sentiment: Reports that Boeing may raise 737 production above its stated 63-jet monthly target suggest confidence in demand and could improve delivery momentum if supply-chain constraints allow. Boeing weighs 737 ramp-up to approach Airbus production targets, Air Current reports
• Positive Sentiment: Analysts and commentary pointed to Boeing’s improving commercial delivery momentum and a large backlog, reinforcing the case for a recovery in operations. Can Boeing’s Commercial Aircraft Delivery Momentum Lift Performance?
• Neutral Sentiment: China is being discussed as a possible source of further aircraft purchases, which would be a helpful signal for demand, but no firm order has been announced yet. China Considering Further Aircraft Purchases, Boeing Stock (NYSE:BA) Jumps
• Negative Sentiment: A Lufthansa Boeing 787-9 incident in Frankfurt, where the nose gear collapsed and injured workers, is a fresh operational and safety headline that could renew scrutiny of Boeing aircraft reliability. Nose Gear on Boeing 787-9 Dreamliner Collapses, Injuring Several Workers
• Negative Sentiment: Separate commentary noted Boeing’s shares have been under pressure recently amid operational challenges and regulatory scrutiny, highlighting that investor confidence remains fragile. Is Boeing (BA) Now Attractive After Recent Share Price Weakness And Mixed Valuation Signals?

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.