The Boeing Company $BA Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in The Boeing Company (NYSE:BAFree Report) by 31.5% during the 1st quarter, Holdings Channel reports. The firm owned 180,070 shares of the aircraft producer’s stock after selling 82,967 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Boeing were worth $35,839,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing during the 3rd quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in Boeing in the 4th quarter valued at $25,000. Ares Financial Consulting LLC acquired a new stake in Boeing in the 4th quarter valued at $26,000. CrossGen Wealth LLC purchased a new stake in Boeing in the 4th quarter worth $26,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in Boeing in the 4th quarter worth $27,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $209.51 on Monday. The firm has a 50-day simple moving average of $219.35 and a 200-day simple moving average of $224.33. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The stock has a market capitalization of $165.15 billion, a price-to-earnings ratio of 101.70 and a beta of 1.21. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

Analyst Ratings Changes

Several brokerages have recently issued reports on BA. Wolfe Research reiterated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Citigroup upped their price target on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Morgan Stanley raised their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Btg Pactual set a $260.00 price objective on Boeing in a report on Tuesday, July 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $261.53.

View Our Latest Stock Analysis on BA

Boeing News Summary

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Boeing Company Profile

(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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