The Boeing Company $BA Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 1.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 339,991 shares of the aircraft producer’s stock after buying an additional 3,368 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Boeing were worth $73,819,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BA. Revolve Wealth Partners LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $201,000. Sivia Capital Partners LLC raised its stake in shares of Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after purchasing an additional 217 shares during the period. AXA S.A. raised its stake in shares of Boeing by 1,225.7% during the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock valued at $7,261,000 after purchasing an additional 32,041 shares during the period. Ieq Capital LLC raised its stake in shares of Boeing by 243.8% during the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock valued at $7,016,000 after purchasing an additional 23,746 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Boeing by 4.2% during the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after purchasing an additional 53,736 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BA. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Wolfe Research reiterated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Citigroup dropped their price objective on shares of Boeing from $290.00 to $256.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Morgan Stanley lifted their price objective 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. Finally, Tigress Financial lifted their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $259.60.

Check Out Our Latest Research Report on BA

More Boeing News

Here are the key news stories impacting Boeing this week:

Insider Activity

In related news, EVP Howard E. Mckenzie sold 10,497 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $233.99, for a total value of $2,456,193.03. Following the completion of the sale, the executive vice president owned 14,692 shares of the company’s stock, valued at $3,437,781.08. This represents a 41.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 1,503 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total transaction of $351,371.34. Following the completion of the sale, the executive vice president directly owned 19,015 shares of the company’s stock, valued at $4,445,326.70. The trade was a 7.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 18,281 shares of company stock worth $4,336,171. 0.10% of the stock is owned by insiders.

Boeing Stock Performance

Shares of BA opened at $224.39 on Wednesday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a market cap of $176.89 billion, a price-to-earnings ratio of 108.93 and a beta of 1.21. 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 firm has a fifty day moving average of $216.96 and a 200-day moving average of $217.45.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same period last year, the firm posted ($0.49) EPS. The business’s revenue was up 14.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current year.

About Boeing

(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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