RM Financial Services LLC Takes Position in The Boeing Company $BA

RM Financial Services LLC purchased a new position in The Boeing Company (NYSE:BAFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 3,271 shares of the aircraft producer’s stock, valued at approximately $710,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in Boeing in the third quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new stake in Boeing during the 4th quarter valued at $26,000. Strategic Wealth Advisors LLC bought a new stake in Boeing during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Boeing in the 4th quarter valued at $28,000. Finally, American National Bank & Trust raised its position in shares of Boeing by 124.2% in the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after acquiring an additional 77 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is owned by insiders.

More Boeing News

Here are the key news stories impacting Boeing this week:

Boeing Stock Down 2.4%

Shares of BA stock opened at $209.31 on Thursday. The stock’s fifty day moving average price is $222.11 and its 200 day moving average price is $221.11. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a market cap of $165.00 billion, a price-to-earnings ratio of 101.61 and a beta of 1.19. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.

Boeing (NYSE:BAGet Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period in the prior year, the business posted ($0.49) EPS. Boeing’s revenue was up 14.0% compared to the same quarter last year. On average, research analysts expect that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BA shares. Citigroup upped their price objective on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Morgan Stanley boosted their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Finally, Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

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About Boeing

(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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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