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PFA Pension Forsikringsaktieselskab Makes New $89.37 Million Investment in The Boeing Company $BA

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Key Points

  • PFA Pension established a new stake in Boeing by buying 409,008 shares worth about $89.37 million, equal to roughly 0.05% of the company.
  • Brokerage views are mixed but skew positive — the stock has a consensus rating of Moderate Buy with an average price target near $259.60, while individual firms range from Sell to Strong Buy and JPMorgan raised its target to $270.
  • Boeing beat the quarter's EPS and revenue estimates (EPS −$0.20 vs −$0.68; revenue $22.22B, +14% YoY), but the business faces elevated leverage (debt-to-equity ~7.42) and a high trailing P/E (~110), leaving shares exposed to execution or delivery setbacks.
  • MarketBeat previews the top five stocks to own by June 1st.

PFA Pension Forsikringsaktieselskab bought a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 409,008 shares of the aircraft producer's stock, valued at approximately $89,368,000. PFA Pension Forsikringsaktieselskab owned approximately 0.05% of Boeing at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BA. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing during the 3rd quarter worth approximately $25,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Boeing during the 4th quarter worth approximately $28,000. American National Bank & Trust raised its stake in shares of Boeing by 124.2% during the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer's stock worth $30,000 after buying an additional 77 shares in the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new position in shares of Boeing during the 3rd quarter worth approximately $32,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded Boeing from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, April 24th. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a research note on Wednesday, January 28th. Susquehanna reissued a "positive" rating and set a $280.00 target price on shares of Boeing in a research note on Thursday, January 15th. Jefferies Financial Group reissued a "buy" rating on shares of Boeing in a research note on Wednesday, March 4th. Finally, JPMorgan Chase & Co. raised their price objective on Boeing from $245.00 to $270.00 and gave the company an "overweight" rating in a research note on Wednesday, January 28th. 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 three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $259.60.

Check Out Our Latest Stock Report on BA

Boeing Stock Performance

NYSE BA opened at $227.58 on Friday. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The stock has a market cap of $179.40 billion, a price-to-earnings ratio of 110.48 and a beta of 1.13. The business has a fifty day moving average of $217.11 and a 200-day moving average of $217.34. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping analysts' consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period last year, the firm earned ($0.49) earnings per share. The business's revenue was up 14.0% compared to the same quarter last year. As a group, analysts predict that The Boeing Company will post 0.04 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Howard E. Mckenzie sold 10,497 shares of Boeing stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total value of $2,456,193.03. Following the completion of the sale, the executive vice president owned 14,692 shares of the company's stock, valued at $3,437,781.08. The trade was a 41.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mortimer J. Buckley acquired 2,230 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was acquired at an average cost of $224.20 per share, with a total value of $499,966.00. Following the transaction, the director owned 4,430 shares of the company's stock, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 21,012 shares of company stock valued at $4,980,687. 0.10% of the stock is owned by insiders.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

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.

See Also

Institutional Ownership by Quarter for Boeing (NYSE:BA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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