SouthState Corp Boosts Stock Holdings in The Boeing Company (NYSE:BA)

SouthState Corp raised its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 36.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,919 shares of the aircraft producer's stock after acquiring an additional 1,308 shares during the quarter. SouthState Corp's holdings in Boeing were worth $839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of BA. American National Bank & Trust increased its holdings in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the period. REAP Financial Group LLC increased its holdings in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares during the period. Dogwood Wealth Management LLC increased its holdings in shares of Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 112 shares during the period. Heck Capital Advisors LLC purchased a new position in Boeing in the fourth quarter worth $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Boeing by 122.1% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock worth $34,000 after acquiring an additional 105 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Insider Transactions at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president directly owned 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BA shares. Wall Street Zen lowered shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. JPMorgan Chase & Co. upped their target price on shares of Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. TD Securities lowered shares of Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Finally, UBS Group set a $280.00 target price on shares of Boeing and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $228.90.

Boeing Trading Down 1.4%

Boeing stock opened at $226.01 on Tuesday. The firm has a 50-day moving average of $217.68 and a 200-day moving average of $191.12. The firm has a market cap of $170.90 billion, a P/E ratio of -13.69 and a beta of 1.48. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same period in the prior year, the firm posted ($2.90) earnings per share. Boeing's quarterly revenue was up 34.9% compared to the same quarter last year. Research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing 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.

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