The Boeing Company $BA Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its holdings in The Boeing Company (NYSE:BA) by 5.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 75,220 shares of the aircraft producer’s stock after selling 4,160 shares during the period. Atria Investments Inc’s holdings in Boeing were worth $16,332,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after buying an additional 3,460,021 shares during the period. Newport Trust Company LLC lifted its holdings in shares of Boeing by 2.5% in the 3rd quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock valued at $6,301,901,000 after buying an additional 707,490 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Boeing by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after buying an additional 177,597 shares during the period. Legal & General Group Plc raised its holdings in Boeing by 7.1% in the 3rd quarter. Legal & General Group Plc now owns 3,369,615 shares of the aircraft producer’s stock worth $727,264,000 after purchasing an additional 223,995 shares during the period. Finally, Viking Global Investors LP raised its holdings in Boeing by 6.2% in the 3rd quarter. Viking Global Investors LP now owns 3,010,551 shares of the aircraft producer’s stock worth $649,767,000 after purchasing an additional 175,486 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA stock opened at $240.58 on Thursday. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The business has a 50 day simple moving average of $217.63 and a 200-day simple moving average of $218.30. The firm has a market capitalization of $189.65 billion, a PE ratio of 116.79 and a beta of 1.21. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Boeing’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.49) earnings per share. Equities research analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing CEO Kelly Ortberg is joining Trump’s delegation to Beijing, and reports suggest a potential deal for hundreds of jets could hinge on U.S.-China negotiations, raising hopes for a major new order. Boeing pursues massive China jet deal as CEO joins Trump’s delegation to Beijing
• Positive Sentiment: Traders are increasingly betting that Trump could announce aircraft purchases from Boeing during the China summit, which would be a material catalyst for the stock if confirmed. Trump to announce tariff truce extension, aircraft purchases from Boeing in China, traders predict
• Positive Sentiment: Wall Street is focused on the possibility that Boeing could reignite its China business, potentially breathing new life into the stock if a large order is announced. Boeing could finally reignite its China business. Will that breathe new life into its stock?
• Positive Sentiment: Boeing’s April new order bookings surged to 135 net new orders, giving investors fresh evidence that demand is improving even as delivery and legal issues remain in focus. Boeing’s new order bookings surge in April

Insider Buying and Selling

In other Boeing news, Director Mortimer J. Buckley acquired 2,230 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the transaction, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. The trade was a 101.36% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the transaction, the senior vice president owned 13,978 shares of the company’s stock, 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. 0.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on BA. UBS Group upped their price target on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Tigress Financial upped their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company began coverage on Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target for the company. Vertical Research reaffirmed a “buy” rating and issued a $281.00 price target on shares of Boeing in a report on Tuesday, January 27th. Finally, Argus raised Boeing to a “hold” rating in a report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $259.60.

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.