General Pension Society PZU Joint Stock Co boosted its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 124,090 shares of the aircraft producer’s stock after purchasing an additional 3,590 shares during the quarter. Boeing accounts for about 5.4% of General Pension Society PZU Joint Stock Co’s holdings, making the stock its 9th largest holding. General Pension Society PZU Joint Stock Co’s holdings in Boeing were worth $26,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new position in Boeing during the third quarter worth $25,000. Ares Financial Consulting LLC bought a new position in Boeing during the fourth quarter worth $26,000. Strategic Wealth Advisors LLC bought a new position in Boeing during the fourth quarter worth $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Boeing during the fourth quarter worth $28,000. Finally, American National Bank & Trust boosted its position in Boeing by 124.2% during the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 77 shares during the period. 64.82% of the stock is owned by institutional investors.
Boeing Stock Down 0.2%
BA stock opened at $219.18 on Friday. The company has a market cap of $172.78 billion, a PE ratio of 106.40 and a beta of 1.21. The business has a 50-day simple moving average of $217.34 and a 200 day simple moving average of $218.62. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.
Wall Street Analyst Weigh In
A number of equities analysts have commented on BA shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Wells Fargo & Company initiated coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. UBS Group upped their price target on shares of Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada raised their price target on shares of Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.80.
Get Our Latest Research Report on Boeing
Insider Transactions at Boeing
In other Boeing news, Director Mortimer J. Buckley bought 2,230 shares of the stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $224.20 per share, with a total value of $499,966.00. Following the completion of the purchase, the director owned 4,430 shares in the company, valued at $993,206. The trade was a 101.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 1,503 shares of the business’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the transaction, the executive vice president directly owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. The trade was a 7.33% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by insiders.
Key Stories Impacting Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: China confirmed a 200-aircraft Boeing order as part of broader U.S.-China trade talks, reopening a major market for Boeing after a prolonged freeze and improving near-term demand visibility. Beijing Confirms Boeing Aircraft Order Following Trump’s China Visit—Xi Jinping Seeks To End $30 Billion In Reciprocal Tariffs With US
- Positive Sentiment: Citi reportedly called the recent selloff in Boeing a buying opportunity and raised its price target to $260, signaling confidence in the company’s recovery. Citi calls Boeing selloff a ‘gift’ and lifts BA target to $260
- Positive Sentiment: Director Bradley D. Tilden bought 1,370 shares, a vote of confidence from an insider that can help support sentiment. SEC insider filing
- Neutral Sentiment: Boeing is also benefiting from a growing backlog and defense-related revenue visibility, which supports the long-term recovery case but is not an immediate catalyst. Is Boeing’s Growing Backlog Strengthening Its Recovery Prospects?
- Negative Sentiment: Reports that certification for the 777X is more complicated than expected, including greater focus on “hot brakes,” are weighing on the stock by renewing concerns about delays and execution risk. Hot Brakes a Bigger Part of 777X Certification Than Expected, Boeing Stock (NYSE:BA) Slips
- Negative Sentiment: Some investors were disappointed that the China deal was for 200 jets rather than the much larger order they had hoped for, which may be limiting upside in the shares. Fresh China deal gives hope for whipsawed Boeing shares
About Boeing
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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