The Boeing Company $BA is Westend Capital Management LLC’s Largest Position

Westend Capital Management LLC raised its holdings in The Boeing Company (NYSE:BA) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,294 shares of the aircraft producer’s stock after acquiring an additional 11,299 shares during the period. Boeing makes up 9.0% of Westend Capital Management LLC’s investment portfolio, making the stock its largest position. Westend Capital Management LLC’s holdings in Boeing were worth $30,927,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Harbor Asset Planning Inc. purchased a new stake in Boeing in the second quarter valued at approximately $25,000. Piscataqua Savings Bank grew its stake in Boeing by 1,712.5% in the 2nd quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after buying an additional 137 shares in the last quarter. Howard Hughes Medical Institute bought a new position in shares of Boeing in the 2nd quarter worth $34,000. Decker Retirement Planning Inc. bought a new position in shares of Boeing in the 2nd quarter worth $35,000. Finally, IMG Wealth Management Inc. raised its position in shares of Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after buying an additional 110 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.8%

NYSE BA opened at $216.34 on Monday. The company has a 50-day simple moving average of $202.10 and a two-hundred day simple moving average of $214.26. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The firm has a market cap of $164.44 billion, a price-to-earnings ratio of -15.81 and a beta of 1.18.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion during the quarter, compared to analysts’ expectations of $21.61 billion. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($10.44) EPS. Equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages recently issued reports on BA. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. BNP Paribas set a $150.00 price target on Boeing in a research report on Tuesday, November 18th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $250.00 price objective on shares of Boeing in a report on Monday, September 29th. UBS Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $233.17.

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.