Montag A & Associates Inc. Has $8.11 Million Stake in The Boeing Company $BA

Montag A & Associates Inc. lifted its holdings in shares of The Boeing Company (NYSE:BA) by 7.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,587 shares of the aircraft producer’s stock after acquiring an additional 2,763 shares during the quarter. Montag A & Associates Inc.’s holdings in Boeing were worth $8,112,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in BA. Alpha Cubed Investments LLC increased its stake in shares of Boeing by 43.3% in the 2nd quarter. Alpha Cubed Investments LLC now owns 3,598 shares of the aircraft producer’s stock valued at $754,000 after purchasing an additional 1,088 shares during the last quarter. SteelPeak Wealth LLC lifted its position in shares of Boeing by 50.4% during the 3rd quarter. SteelPeak Wealth LLC now owns 26,360 shares of the aircraft producer’s stock worth $5,689,000 after buying an additional 8,833 shares during the last quarter. Vanguard Group Inc. boosted its stake in Boeing by 1.7% in the second quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock valued at $13,991,022,000 after buying an additional 1,118,316 shares in the last quarter. Patton Fund Management Inc. grew its position in Boeing by 734.4% in the third quarter. Patton Fund Management Inc. now owns 10,322 shares of the aircraft producer’s stock valued at $2,228,000 after acquiring an additional 9,085 shares during the last quarter. Finally, Fisher Asset Management LLC grew its position in Boeing by 3.3% in the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after acquiring an additional 177,597 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Tigress Financial reissued a “buy” rating and issued a $275.00 target price on shares of Boeing in a report on Monday, December 29th. Weiss Ratings upgraded shares of Boeing from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday, February 4th. BNP Paribas Exane set a $150.00 price objective on shares of Boeing in a research note on Tuesday, November 18th. TD Cowen reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Finally, New Street Research set a $257.00 price target on shares of Boeing in a report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $246.14.

Boeing Trading Down 2.5%

Shares of NYSE BA opened at $223.98 on Wednesday. The stock has a market cap of $175.90 billion, a P/E ratio of 111.43 and a beta of 1.14. The firm has a 50 day moving average price of $235.14 and a two-hundred day moving average price of $219.75. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $10.32. The company had revenue of $23.95 billion during the quarter, compared to analyst estimates of $22.41 billion. The business’s revenue for the quarter was up 57.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($5.90) earnings per share. As a group, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In related news, EVP Howard E. Mckenzie sold 10,497 shares of Boeing stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total value of $2,456,193.03. Following the transaction, the executive vice president directly owned 14,692 shares of the company’s stock, valued at $3,437,781.08. The trade was a 41.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the sale, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. The trade was a 31.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 21,012 shares of company stock worth $4,980,687 over the last ninety days. 0.09% of the stock is owned by insiders.

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.