Sigma Planning Corp Buys 3,688 Shares of The Boeing Company $BA

Sigma Planning Corp grew its position in The Boeing Company (NYSE:BA) by 17.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 24,763 shares of the aircraft producer’s stock after purchasing an additional 3,688 shares during the quarter. Sigma Planning Corp’s holdings in Boeing were worth $5,376,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. Vanguard Group Inc. raised its position in shares of Boeing by 5.1% in the 4th 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 in the last quarter. Newport Trust Company LLC grew its holdings in shares of Boeing by 2.5% during the 3rd quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock valued at $6,301,901,000 after purchasing an additional 707,490 shares during the last quarter. Great Lakes Advisors LLC grew its holdings in shares of Boeing by 25,532.3% during the 3rd quarter. Great Lakes Advisors LLC now owns 424,983 shares of the aircraft producer’s stock valued at $91,725,000 after purchasing an additional 423,325 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Boeing by 50.3% during the 3rd quarter. Bessemer Group Inc. now owns 1,069,819 shares of the aircraft producer’s stock valued at $230,900,000 after purchasing an additional 357,995 shares during the last quarter. Finally, Rheos Capital Works Inc. grew its holdings in shares of Boeing by 310.2% during the 3rd quarter. Rheos Capital Works Inc. now owns 436,400 shares of the aircraft producer’s stock valued at $94,188,000 after purchasing an additional 330,000 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Mortimer J. Buckley purchased 2,230 shares of the company’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the transaction, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Howard E. Mckenzie sold 10,497 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president owned 14,692 shares in the company, valued at $3,437,781.08. This trade represents a 41.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,012 shares of company stock worth $4,980,687 over the last quarter. Company insiders own 0.10% of the company’s stock.

Boeing Stock Down 0.6%

Shares of NYSE BA opened at $227.58 on Friday. The company has a market capitalization of $179.40 billion, a P/E ratio of 110.48 and a beta of 1.13. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. 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 company’s 50 day moving average price is $217.11 and its 200-day moving average price is $217.34.

Boeing (NYSE:BA) last issued its quarterly 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 firm had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the firm posted ($0.49) EPS. Equities analysts forecast that The Boeing Company will post 0.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TD Cowen reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. Citigroup decreased their price target on shares of Boeing from $290.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Royal Bank Of Canada boosted their target price on shares of Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $259.60.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Biman Bangladesh placed a 14?aircraft order (mix of 787?10, 787?9 and 737?8) worth about $3.7B, boosting Boeing’s commercial backlog and near?term delivery visibility. Biman Bangladesh Airlines Orders 14 Boeing 787 Dreamliner and 737 MAX Jets
• Positive Sentiment: The U.S. Air Force plans to buy five additional Boeing E?7A Wedgetail surveillance aircraft (on top of two prototypes), supporting Boeing’s defense revenue and government backlog. US Air Force plans to buy five more Boeing E-7A surveillance aircraft
• Positive Sentiment: Bank of America reiterated a Buy rating and $270 price target, saying Boeing’s core operational trajectory remains positive even though the turnaround is uneven — a vote of confidence from a major broker. Boeing continues to show turnaround progress, keeping Banking of America bullish
• Neutral Sentiment: Analyst consensus price target sits around $259.35 — above current levels but below some broker targets, offering mixed signals on upside. The Boeing Company (NYSE:BA) Receives $259.35 Average Price Target from Brokerages
• Neutral Sentiment: Boeing made a carbon?purchase move highlighted by ESG coverage — positive for sustainability positioning but likely limited near?term financial impact. “…Supporting the Responsible Growth of our Industry…” Boeing Stock (NYSE:BA) Notches Up With Carbon Purchase
• Negative Sentiment: Concerns remain: Boeing’s turnaround has uneven execution, debt levels are high and valuation is elevated (P/E >100 on trailing figures), leaving shares sensitive to any operational hiccups or delivery delays. Investors appear to be trimming positions into the upbeat headlines.

About Boeing

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.