World Investment Advisors Has $3.05 Million Stock Holdings in The Boeing Company $BA

World Investment Advisors grew its position in shares of The Boeing Company (NYSE:BA) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,048 shares of the aircraft producer’s stock after buying an additional 2,461 shares during the period. World Investment Advisors’ holdings in Boeing were worth $3,050,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BA. Vericrest Private Wealth bought a new stake in shares of Boeing in the fourth quarter valued at about $213,000. Nalls Sherbakoff Group LLC bought a new position in Boeing during the fourth quarter worth about $49,000. Meadowbrook Advisors Group LLC bought a new position in Boeing during the fourth quarter worth about $414,000. DUTCH ASSET Corp acquired a new stake in Boeing in the 4th quarter worth about $352,000. Finally, PeakShares LLC acquired a new stake in Boeing in the 4th quarter worth about $152,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 0.4%

BA stock opened at $223.51 on Friday. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The business has a 50-day simple moving average of $224.23 and a 200 day simple moving average of $222.81. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The company has a market cap of $176.19 billion, a PE ratio of 108.50 and a beta of 1.19.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the previous year, the company earned ($0.49) earnings per share. The company’s quarterly revenue was up 14.0% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of Boeing stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of a number of analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Wells Fargo & Company started coverage on Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target for the company. Citigroup increased their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Morgan Stanley raised their price objective on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Two investment 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $262.32.

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.