WINTON GROUP Ltd decreased its position in shares of The Boeing Company (NYSE:BA – Free 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.
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.
Get Our Latest Analysis on Boeing
Trending Headlines about Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing said it will start building 737 MAX jets on a new final assembly line in Everett, Washington, on July 6, a sign that the company is getting closer to ramping production and potentially lifting output toward 52 jets per month. Boeing to start 737 Max production on new assembly line July 6, CEO says
- Positive Sentiment: Boeing delivered the first two 787 Dreamliners to Riyadh Air, reinforcing steady commercial aircraft demand and giving investors another concrete delivery milestone. Boeing Delivers Riyadh Air’s First Two 787 Dreamliner Jets
- Positive Sentiment: Reports that China may consider additional aircraft purchases, along with interest from airlines such as Qantas and Singapore Airlines in wide-body orders, are supporting the view that Boeing could benefit from stronger future demand. China Considering Further Aircraft Purchases, Boeing Stock (NYSE:BA) Jumps
- Neutral Sentiment: Analyst commentary continues to highlight Boeing’s improving delivery momentum and large commercial backlog, which supports the long-term outlook but does not appear to be a direct catalyst today. Can Boeing’s Commercial Aircraft Delivery Momentum Lift Performance?
- Negative Sentiment: A German investigation has been opened into the Boeing 787 nose-gear collapse in Frankfurt, and reports say several workers were injured, adding to safety concerns around the 787 program. German investigators launch probe into Boeing 787 incident in Frankfurt
- Negative Sentiment: Separate reports on the Frankfurt 787 incident and the resulting injuries are likely weighing on sentiment because they revive concerns about Boeing’s quality-control and reliability record. Several injured in Boeing 787 nose-gear collapse in Frankfurt
- Negative Sentiment: Even with the production and delivery updates, Boeing shares are also being pressured by a broader market rotation away from riskier names, helping explain why the stock is under pressure despite the company-specific positives. What’s Going On With Boeing Stock Friday?
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
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.
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