Citizens Financial Group Inc. RI Takes Position in The Boeing Company $BA

Citizens Financial Group Inc. RI acquired a new stake in The Boeing Company (NYSE:BA) in the second quarter, Holdings Channel reports. The firm acquired 27,263 shares of the aircraft producer’s stock, valued at approximately $5,902,000.

Other large investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in Boeing during the 3rd quarter worth approximately $25,000. Strive Financial Group LLC acquired a new position in shares of Boeing in the fourth quarter worth $25,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing during the fourth quarter worth $26,000. Ares Financial Consulting LLC purchased a new stake in shares of Boeing during the fourth quarter worth $26,000. Finally, 1 North Wealth Services LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $27,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BA shares. Btg Pactual set a $260.00 target price on Boeing in a report on Tuesday, July 14th. Argus upgraded Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a report on Tuesday, August 11th. Sanford C. Bernstein initiated coverage on Boeing in a research note on Tuesday, August 11th. They issued an “outperform” rating for the company. Barclays downgraded Boeing from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $272.58.

Insider Buying and Selling at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $226.48 on Tuesday. The company has a market cap of $179.00 billion, a P/E ratio of 98.04 and a beta of 1.21. The firm has a fifty day moving average price of $221.91 and a 200 day moving average price of $222.66. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The business had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.24) earnings per share. Sell-side analysts predict that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

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.