Nations Financial Group Inc. IA ADV Has $5.83 Million Position in The Boeing Company $BA

Nations Financial Group Inc. IA ADV cut its holdings in The Boeing Company (NYSE:BA) by 13.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,283 shares of the aircraft producer’s stock after selling 4,422 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Boeing were worth $5,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Vanguard Group Inc. grew its holdings in Boeing by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after buying an additional 3,460,021 shares in the last quarter. Newport Trust Company LLC lifted its stake in Boeing by 1.0% during the 4th quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after acquiring an additional 286,848 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Boeing by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after acquiring an additional 533,753 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in Boeing by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock worth $1,224,752,000 after acquiring an additional 135,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Boeing by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock worth $948,905,000 after acquiring an additional 138,469 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions 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 acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BA. Wells Fargo & Company initiated coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price for the company. Citigroup boosted their price target on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Finally, Tigress Financial lifted their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $262.32.

Boeing Stock Up 0.4%

Shares of NYSE:BA opened at $223.51 on Friday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a market capitalization of $176.19 billion, a PE ratio of 108.50 and a beta of 1.19. The business has a fifty day moving average price of $224.23 and a two-hundred day moving average price of $222.81. 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:BA) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.49) earnings per share. Analysts forecast that The Boeing Company will post -0.15 earnings per share for the current year.

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.