The Boeing Company (NYSE:BA) Shares Acquired by OneAscent Financial Services LLC

OneAscent Financial Services LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 167.0% in the 4th quarter, HoldingsChannel reports. The firm owned 4,947 shares of the aircraft producer’s stock after buying an additional 3,094 shares during the quarter. OneAscent Financial Services LLC’s holdings in Boeing were worth $876,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Huntington National Bank lifted its stake in shares of Boeing by 1.1% during the 4th quarter. Huntington National Bank now owns 37,670 shares of the aircraft producer’s stock worth $6,668,000 after purchasing an additional 400 shares during the period. Discovery Capital Management LLC CT acquired a new position in Boeing in the fourth quarter valued at $45,861,000. May Hill Capital LLC purchased a new position in Boeing during the fourth quarter worth about $634,000. Geode Capital Management LLC boosted its stake in Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock worth $2,677,170,000 after buying an additional 3,452,075 shares during the last quarter. Finally, HighPoint Advisor Group LLC grew its holdings in Boeing by 0.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 19,599 shares of the aircraft producer’s stock valued at $3,534,000 after buying an additional 119 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BA shares. StockNews.com raised shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Melius Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Monday, March 24th. Finally, Susquehanna boosted their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $195.68.

Insider Buying and Selling at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $168.79 on Thursday. The business’s fifty day moving average price is $173.70 and its two-hundred day moving average price is $164.39. The firm has a market capitalization of $126.60 billion, a price-to-earnings ratio of -9.21 and a beta of 1.53. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) EPS. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.