The Boeing Company $BA Shares Acquired by Vestor Capital LLC

Vestor Capital LLC grew its holdings in The Boeing Company (NYSE:BA) by 24,005.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 56,647 shares of the aircraft producer’s stock after acquiring an additional 56,412 shares during the period. Vestor Capital LLC’s holdings in Boeing were worth $10,539,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Paul R. Ried Financial Group LLC lifted its stake in Boeing by 0.3% in the first quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock worth $3,594,000 after acquiring an additional 49 shares during the period. BlueChip Wealth Advisors LLC boosted its holdings in Boeing by 2.6% in the first quarter. BlueChip Wealth Advisors LLC now owns 1,945 shares of the aircraft producer’s stock valued at $381,000 after acquiring an additional 50 shares in the last quarter. Enterprise Financial Services Corp increased its position in Boeing by 1.8% during the 1st quarter. Enterprise Financial Services Corp now owns 2,821 shares of the aircraft producer’s stock valued at $561,000 after purchasing an additional 51 shares during the period. Gradient Investments LLC increased its position in Boeing by 0.9% during the 2nd quarter. Gradient Investments LLC now owns 5,681 shares of the aircraft producer’s stock valued at $1,230,000 after purchasing an additional 51 shares during the period. Finally, Sandy Cove Advisors LLC increased its position in Boeing by 5.1% during the 2nd quarter. Sandy Cove Advisors LLC now owns 1,076 shares of the aircraft producer’s stock valued at $233,000 after purchasing an additional 52 shares during the period. 64.82% of the stock is currently owned by institutional investors.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s reported $745 billion order book points to substantial longer-term demand for its aircraft, providing a potential offset to concerns about the pace of production. Article: Boeing (BA): A Top 10 Dow Stock for 2027 With a Record $745B of Orders
• Negative Sentiment: Boeing plans to cut about 5% of its commercial-airplane workforce through layoffs and attrition because production is increasing more slowly than previously expected. The announcement underscores a more cautious production ramp and may weigh on confidence in the division’s recovery, even as staffing reductions could help control costs. Article: Boeing to cut 5% of commercial airplane workforce as production increase is slower than expected

Insider Transactions at Boeing

In other Boeing news, Director Mortimer Buckley bought 5,820 shares of Boeing stock in a transaction dated Friday, October 30th. The shares were purchased at an average cost of $171.55 per share, with a total value of $998,421.00. Following the transaction, the director directly owned 10,250 shares of the company’s stock, valued at $1,758,387.50. This represents a 131.38% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven Mollenkopf purchased 2,950 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The stock was acquired at an average price of $173.03 per share, with a total value of $510,438.50. Following the completion of the purchase, the director owned 6,717 shares in the company, valued at $1,162,242.51. This represents a 78.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on BA shares. UBS Group decreased their price objective on shares of Boeing from $275.00 to $240.00 and set a “buy” rating for the company in a report on Wednesday, October 28th. Rothschild & Co Redburn lifted their target price on shares of Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $290.00 to $240.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 28th. Oppenheimer cut shares of Boeing to a “market perform” rating in a research report on Wednesday, October 28th. Finally, Needham & Company LLC started coverage on shares of Boeing in a research note on Wednesday, October 28th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.88.

Boeing Price Performance

Shares of BA stock opened at $172.64 on Tuesday. The stock has a market cap of $136.81 billion, a price-to-earnings ratio of 18.79 and a beta of 1.34. The business’s fifty day moving average is $191.65 and its 200 day moving average is $215.03. The Boeing Company has a twelve month low of $165.01 and a twelve month high of $254.35. The company has a quick ratio of 0.34, a current ratio of 1.13 and a debt-to-equity ratio of 6.31.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The firm had revenue of $24.19 billion during the quarter, compared to the consensus estimate of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. Boeing’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted ($7.47) EPS. Research analysts expect that The Boeing Company will post -1.84 EPS for the current fiscal year.

Boeing Company Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world.

Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.

Founded in 1916 by William Boeing, the company has grown into a global aerospace business serving customers across the Americas, Europe, Asia and other regions.