Welch Financial Planning LLC Buys Shares of 59,678 The Boeing Company $BA

Welch Financial Planning LLC purchased a new position in shares of The Boeing Company (NYSE:BA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 59,678 shares of the aircraft producer’s stock, valued at approximately $12,957,000. Boeing makes up approximately 9.4% of Welch Financial Planning LLC’s portfolio, making the stock its biggest position.

A number of other institutional investors and hedge funds have also modified their holdings of BA. Fisher Asset Management LLC boosted 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 buying an additional 177,597 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Boeing by 41.1% during the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock worth $48,316,000 after buying an additional 65,216 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Boeing by 0.6% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,026,896 shares of the aircraft producer’s stock valued at $437,465,000 after acquiring an additional 11,968 shares during the last quarter. Xcel Wealth Management LLC boosted its holdings in shares of Boeing by 12.1% in the 3rd quarter. Xcel Wealth Management LLC now owns 49,230 shares of the aircraft producer’s stock worth $10,625,000 after acquiring an additional 5,327 shares in the last quarter. Finally, Greystone Financial Group LLC boosted its holdings in shares of Boeing by 183.3% in the 3rd quarter. Greystone Financial Group LLC now owns 8,808 shares of the aircraft producer’s stock worth $1,901,000 after acquiring an additional 5,699 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company started coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price target for the company. TD Cowen restated a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. JPMorgan Chase & Co. lifted their price target on Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Royal Bank Of Canada upped 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. Finally, Citigroup lowered their price objective on shares of Boeing from $290.00 to $256.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $259.60.

Insider Activity

In other Boeing news, 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 of the company’s stock, valued at approximately $3,401,825.86. This represents a 31.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total transaction of $2,456,193.03. Following the completion of the sale, the executive vice president owned 14,692 shares in the company, valued at approximately $3,437,781.08. This trade represents a 41.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 21,012 shares of company stock valued at $4,980,687. Insiders own 0.10% of the company’s stock.

Boeing Stock Down 2.7%

Shares of Boeing stock opened at $221.31 on Tuesday. The business has a fifty day simple moving average of $217.11 and a 200 day simple moving average of $217.38. The stock has a market cap of $174.46 billion, a PE ratio of 107.43 and a beta of 1.21. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. Boeing’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.49) EPS. Research analysts predict that The Boeing Company will post 0.04 EPS for the current year.

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.