The Boeing Company $BA Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd decreased its position in shares of The Boeing Company (NYSE:BAFree Report) by 7.2% in the fourth quarter, HoldingsChannel reports. The firm owned 77,789 shares of the aircraft producer’s stock after selling 5,994 shares during the quarter. Boeing accounts for 0.6% of WINTON GROUP Ltd’s portfolio, making the stock its 14th biggest position. WINTON GROUP Ltd’s holdings in Boeing were worth $16,890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Victrix Investment Advisors lifted its holdings in shares of Boeing by 2.8% during the fourth quarter. Victrix Investment Advisors now owns 22,990 shares of the aircraft producer’s stock worth $4,992,000 after purchasing an additional 618 shares during the period. Horizon Bancorp Inc. IN lifted its holdings in shares of Boeing by 38.3% during the fourth quarter. Horizon Bancorp Inc. IN now owns 1,448 shares of the aircraft producer’s stock worth $315,000 after purchasing an additional 401 shares during the period. SlateStone Wealth LLC lifted its holdings in shares of Boeing by 9.6% during the fourth quarter. SlateStone Wealth LLC now owns 2,896 shares of the aircraft producer’s stock worth $629,000 after purchasing an additional 253 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in shares of Boeing by 1.9% during the fourth quarter. J.W. Cole Advisors Inc. now owns 54,821 shares of the aircraft producer’s stock worth $11,903,000 after purchasing an additional 1,004 shares during the period. Finally, Vise Technologies Inc. lifted its holdings in shares of Boeing by 21.3% during the fourth quarter. Vise Technologies Inc. now owns 11,627 shares of the aircraft producer’s stock worth $2,524,000 after purchasing an additional 2,041 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Down 0.8%

Shares of NYSE:BA opened at $215.72 on Friday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a market capitalization of $170.05 billion, a PE ratio of 104.72 and a beta of 1.19. The business has a 50 day moving average of $220.80 and a two-hundred day moving average of $220.31. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BAGet Free Report) last announced 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 analyst estimates of $22.15 billion. During the same period in the previous year, the firm posted ($0.49) earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. As a group, analysts forecast that The Boeing Company will post -0.15 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Tigress Financial lifted their target price 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 assumed coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Finally, Citigroup lifted their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $259.80.

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Insider Transactions at Boeing

In related news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Boeing Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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