4,057 Shares in The Boeing Company $BA Acquired by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. purchased a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 4,057 shares of the aircraft producer’s stock, valued at approximately $881,000.

A number of other institutional investors have also added to or reduced their stakes in BA. Vanguard Group Inc. raised its stake in Boeing by 5.1% in the fourth 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. Alyeska Investment Group L.P. boosted its holdings in shares of Boeing by 245.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after buying an additional 1,600,909 shares during the period. Deutsche Bank AG grew its stake in Boeing by 47.5% in the 4th quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock valued at $515,930,000 after buying an additional 765,197 shares during the last quarter. ING Groep NV raised its holdings in Boeing by 2,073.4% in the 4th quarter. ING Groep NV now owns 772,400 shares of the aircraft producer’s stock valued at $167,703,000 after acquiring an additional 736,861 shares during the period. Finally, Geode Capital Management LLC lifted its position in Boeing by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after acquiring an additional 533,753 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported a surge in May deliveries, suggesting its production and handoff pace is improving. The Boeing Company Reports Surge in Deliveries in May
• Positive Sentiment: Shares also benefited from a broad rally in aerospace and airline stocks after oil prices fell sharply on easing Middle East tensions. Stock Market Today: Dow Jumps 600 Points On U.S.-Iran Deal; Chip Companies, Boeing Take Off (Live Coverage)
• Positive Sentiment: Boeing announced a $2.35 billion Wichita campus expansion and highlighted defense-program progress, which may support longer-term capacity and backlog execution. Boeing Updates Capacity And Defense Progress As Shares Trade Below Targets
• Neutral Sentiment: Analysts and market commentary continue to note technical momentum and favorable price-target comparisons, but these are secondary to delivery and production updates. Boeing Stock (BA) Opinions on Production Ramp and FAA Approvals
• Negative Sentiment: Boeing confirmed eight fatalities in the Edwards Air Force Base B-52 crash, a headline that could weigh on sentiment around its defense business and safety reputation. Boeing confirms eight fatalities in Edwards Air Force Base B-52 crash

Boeing Trading Up 4.6%

Shares of NYSE BA opened at $229.22 on Tuesday. The stock has a market cap of $180.70 billion, a P/E ratio of 111.27 and a beta of 1.20. 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 Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The firm has a 50 day moving average price of $223.20 and a two-hundred day moving average price of $222.01.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. The business’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.49) earnings per share. As a group, equities analysts forecast that The Boeing Company will post -0.15 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on BA. Citigroup increased their price objective on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Wells Fargo & Company initiated coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. Morgan Stanley increased their price target on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $262.32.

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.