The Boeing Company $BA Stock Holdings Lessened by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in The Boeing Company (NYSE:BA) by 75.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 263,037 shares of the aircraft producer’s stock after selling 788,197 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Boeing were worth $57,111,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of BA. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing in the third quarter valued at $25,000. Ares Financial Consulting LLC bought a new position in shares of Boeing in the fourth quarter valued at $26,000. Strategic Wealth Advisors LLC bought a new position in shares of Boeing in the fourth quarter valued at $27,000. 1 North Wealth Services LLC bought a new position in shares of Boeing in the fourth quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Boeing in the fourth quarter valued at $28,000. Institutional investors own 64.82% of the company’s stock.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s commercial delivery surge is helping drive free cash flow and supporting a recovery in the company’s balance sheet. Boeing’s Unseen Rebound: Why the Headlines Are Wrong
• Positive Sentiment: Boeing’s Global Services business posted higher quarterly revenue, a record $33 billion backlog, and new contract wins, suggesting a growing recurring-growth engine. Can Boeing’s Global Services Business Become a Bigger Growth Driver?
• Positive Sentiment: Boeing announced a $2.35 billion investment in its Wichita campus along with other operational updates, which investors may view as a commitment to capacity and long-term execution. Boeing (BA) Stock Trades Up, Here Is Why
• Neutral Sentiment: DP Aircraft I secured up to $92 million in long-term financing for Boeing 787s ahead of LOT leases, which is supportive for 787-related demand but is a smaller indirect catalyst for Boeing stock. DP Aircraft I locks in US$92m long-term financing for Boeing 787s ahead of LOT leases
• Negative Sentiment: Boeing was recently pressured by a broader pullback, with the stock previously dipping more than the market as investors remained sensitive to execution and valuation concerns. Why Boeing (BA) Dipped More Than Broader Market Today

Boeing Trading Up 0.1%

NYSE BA opened at $219.23 on Monday. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The stock has a market cap of $172.82 billion, a price-to-earnings ratio of 106.42 and a beta of 1.20. The firm’s 50 day moving average price is $222.78 and its two-hundred day moving average price is $221.68.

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, topping the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same quarter in the previous year, the firm posted ($0.49) earnings per share. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities analysts anticipate that The Boeing Company will post -0.15 EPS for the current year.

Insider Activity at Boeing

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BA shares. Citigroup upped their price target on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 18th. Wells Fargo & Company assumed coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective on the stock. Wolfe Research reiterated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Finally, Tigress Financial lifted their price objective on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $262.32.

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.