AlTi Global Inc. Acquires 12,037 Shares of The Boeing Company (NYSE:BA)

AlTi Global Inc. boosted its position in shares of The Boeing Company (NYSE:BA - Free Report) by 29.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,808 shares of the aircraft producer's stock after purchasing an additional 12,037 shares during the period. AlTi Global Inc.'s holdings in Boeing were worth $9,193,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BA. AdvisorNet Financial Inc boosted its stake in shares of Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock worth $358,000 after acquiring an additional 710 shares during the period. Carnegie Investment Counsel increased its holdings in shares of Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after purchasing an additional 2,943 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after purchasing an additional 38,332 shares during the period. World Investment Advisors LLC boosted its holdings in shares of Boeing by 243.4% during the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after buying an additional 3,814 shares during the period. Finally, Amundi raised its holdings in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after acquiring an additional 1,292,417 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BA. Benchmark decreased their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Wells Fargo & Company restated an "underweight" rating and issued a $140.00 price target (up previously from $111.00) on shares of Boeing in a research report on Wednesday, April 23rd. Morgan Stanley boosted their target price on shares of Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $200.90.

Boeing Trading Up 0.5 %

Shares of NYSE:BA traded up $0.96 during mid-day trading on Monday, hitting $186.42. 5,409,667 shares of the company traded hands, compared to its average volume of 9,047,515. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $196.95. The stock has a market cap of $140.56 billion, a P/E ratio of -10.18 and a beta of 1.40. The stock has a 50-day moving average price of $165.14 and a two-hundred day moving average price of $165.89.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the previous year, the company posted ($1.13) earnings per share. The company's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Boeing Company Profile

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.