The Boeing Company $BA Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its stake in The Boeing Company (NYSE:BAFree Report) by 20.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 55,755 shares of the aircraft producer’s stock after buying an additional 9,622 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Boeing were worth $12,034,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in BA. Emergent Wealth Advisors LLC bought a new stake in shares of Boeing in the 3rd quarter worth $349,000. Rossmore Private Capital lifted its holdings in shares of Boeing by 2.3% in the third quarter. Rossmore Private Capital now owns 6,426 shares of the aircraft producer’s stock valued at $1,387,000 after purchasing an additional 145 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Boeing by 9.3% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 27,153 shares of the aircraft producer’s stock worth $5,860,000 after acquiring an additional 2,304 shares during the period. ERn Financial LLC grew its stake in Boeing by 9.3% in the third quarter. ERn Financial LLC now owns 1,600 shares of the aircraft producer’s stock valued at $345,000 after purchasing an additional 136 shares in the last quarter. Finally, Flagship Wealth Advisors LLC grew its stake in shares of Boeing by 7.4% in the 3rd quarter. Flagship Wealth Advisors LLC now owns 724 shares of the aircraft producer’s stock valued at $156,000 after buying an additional 50 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Trending Headlines about Boeing

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Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. BNP Paribas Exane set a $150.00 price objective on Boeing in a report on Tuesday, November 18th. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a research report on Wednesday. Tigress Financial reissued a “buy” rating and issued a $275.00 price target on shares of Boeing in a research report on Monday, December 29th. Finally, Loop Capital set a $223.00 price objective on Boeing in a report on Monday, November 3rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $241.26.

Check Out Our Latest Analysis on Boeing

Insider Transactions at Boeing

In other news, SVP Dana S. Deasy bought 554 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the transaction, the senior vice president owned 28,442 shares in the company, valued at $5,087,704.96. This represents a 1.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $252.16 on Friday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $254.14. The firm has a market capitalization of $191.66 billion, a P/E ratio of -18.43, a P/E/G ratio of 7.18 and a beta of 1.16. The company’s 50 day simple moving average is $214.08 and its 200 day simple moving average is $218.35.

Boeing (NYSE:BAGet Free Report) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. During the same period in the previous year, the company earned ($10.44) EPS. The company’s revenue was up 30.4% compared to the same quarter last year. Sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing 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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