Sequoia Financial Advisors LLC Raises Position in The Boeing Company $BA

Sequoia Financial Advisors LLC lifted its position in The Boeing Company (NYSE:BAFree Report) by 26.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 48,591 shares of the aircraft producer’s stock after acquiring an additional 10,308 shares during the period. Sequoia Financial Advisors LLC’s holdings in Boeing were worth $10,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wallace Advisory Group LLC lifted its position in Boeing by 1.2% in the 2nd quarter. Wallace Advisory Group LLC now owns 3,570 shares of the aircraft producer’s stock valued at $748,000 after acquiring an additional 44 shares in the last quarter. Aspire Capital Advisors LLC lifted its holdings in shares of Boeing by 0.8% during the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer’s stock valued at $1,245,000 after purchasing an additional 45 shares in the last quarter. Blue Barn Wealth LLC lifted its holdings in shares of Boeing by 1.8% during the second quarter. Blue Barn Wealth LLC now owns 2,594 shares of the aircraft producer’s stock valued at $544,000 after purchasing an additional 46 shares in the last quarter. N.E.W. Advisory Services LLC boosted its position in shares of Boeing by 3.1% during the third quarter. N.E.W. Advisory Services LLC now owns 1,540 shares of the aircraft producer’s stock valued at $332,000 after buying an additional 46 shares during the last quarter. Finally, Motco increased its holdings in Boeing by 5.4% in the 3rd quarter. Motco now owns 921 shares of the aircraft producer’s stock worth $199,000 after buying an additional 47 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, SVP Dana S. Deasy purchased 554 shares of the stock in a transaction on Monday, November 24th. The shares were acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the acquisition, the senior vice president directly owned 28,442 shares of the company’s stock, valued at $5,087,704.96. This trade represents a 1.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at approximately $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.09% of the stock is owned by insiders.

Boeing Price Performance

Shares of Boeing stock opened at $247.71 on Monday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $248.75. The company’s fifty day simple moving average is $208.57 and its 200-day simple moving average is $217.20. The stock has a market capitalization of $188.28 billion, a PE ratio of -18.11, a P/E/G ratio of 7.05 and a beta of 1.16.

Boeing (NYSE:BAGet Free Report) last announced its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the prior year, the company posted ($10.44) earnings per share. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. As a group, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BA. Sanford C. Bernstein raised their price target on shares of Boeing from $277.00 to $298.00 and gave the company an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective on the stock. in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, December 19th. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a report on Tuesday, December 9th. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $275.00 price objective on shares of Boeing in a report on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $237.46.

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About Boeing

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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