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

MidFirst Bank purchased a new stake in The Boeing Company (NYSE:BA) in the fourth quarter, Holdings Channel.com reports. The fund purchased 2,444 shares of the aircraft producer’s stock, valued at approximately $531,000.

Several other large investors have also bought and sold shares of BA. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the 3rd quarter worth $25,000. Strive Financial Group LLC purchased a new stake in shares of Boeing in the fourth quarter valued at about $25,000. Ares Financial Consulting LLC bought a new position in shares of Boeing during the fourth quarter valued at about $26,000. CrossGen Wealth LLC purchased a new position in Boeing during the fourth quarter worth about $26,000. Finally, Strategic Wealth Advisors LLC bought a new stake in Boeing in the 4th quarter worth about $27,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on BA shares. Wells Fargo & Company began coverage on shares of Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Wolfe Research restated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Morgan Stanley lifted their price target on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, Tigress Financial boosted their price objective on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $262.32.

Boeing Stock Up 0.4%

Shares of NYSE BA opened at $223.51 on Friday. The stock has a market capitalization of $176.19 billion, a P/E ratio of 108.50 and a beta of 1.19. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The firm’s 50 day simple moving average is $224.23 and its two-hundred day simple moving average is $222.81. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating the consensus estimate 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. During the same period in the previous year, the firm posted ($0.49) earnings per share. The business’s revenue was up 14.0% compared to the same quarter last year. As a group, analysts expect that The Boeing Company will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ? increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.10% of the stock is owned by corporate insiders.

Boeing Company 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.