Rep. Julie Johnson Buys Shares of The Boeing Company (NYSE:BA)

Representative Julie Johnson (D-Texas) recently bought shares of The Boeing Company (NYSE:BA). In a filing disclosed on February 12th, the Representative disclosed that they had bought between $1,001 and $15,000 in Boeing stock on January 15th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of ALLETE (NYSE:ALE) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 1/27/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/17/2025.

Boeing Price Performance

NYSE:BA traded down $1.21 during mid-day trading on Friday, reaching $184.24. The stock had a trading volume of 1,676,771 shares, compared to its average volume of 7,675,284. The stock has a 50-day simple moving average of $174.35 and a two-hundred day simple moving average of $164.25. The stock has a market capitalization of $138.19 billion, a PE ratio of -10.05 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company earned ($0.47) EPS. Equities analysts expect that The Boeing Company will post -2.3 EPS for the current year.

Institutional Investors Weigh In On Boeing

Several hedge funds and other institutional investors have recently made changes to their positions in BA. Exchange Traded Concepts LLC increased its position in shares of Boeing by 691.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after acquiring an additional 1,507 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in Boeing in the 3rd quarter worth about $141,000. NBC Securities Inc. grew its position in Boeing by 11.7% in the 3rd quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock worth $856,000 after purchasing an additional 592 shares in the last quarter. Edge Wealth Management LLC grew its position in Boeing by 11.5% in the 3rd quarter. Edge Wealth Management LLC now owns 2,897 shares of the aircraft producer’s stock worth $440,000 after purchasing an additional 298 shares in the last quarter. Finally, Ullmann Wealth Partners Group LLC grew its position in Boeing by 28.6% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 1,614 shares of the aircraft producer’s stock worth $245,000 after purchasing an additional 359 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research reports. Robert W. Baird decreased their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Citigroup lifted their price target on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $195.16.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.