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The Boeing Company $BA Shares Sold by Citizens Financial Group Inc. RI

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Citizens Financial Group Inc. RI decreased its position in The Boeing Company (NYSE:BA - Free Report) by 40.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,807 shares of the aircraft producer's stock after selling 8,773 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Boeing were worth $2,781,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in BA. North Star Investment Management Corp. boosted its position in Boeing by 1.6% during the 4th quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer's stock valued at $615,000 after purchasing an additional 44 shares during the period. Activest Wealth Management boosted its position in Boeing by 21.9% during the 4th quarter. Activest Wealth Management now owns 295 shares of the aircraft producer's stock valued at $64,000 after purchasing an additional 53 shares during the period. Laurel Wealth Advisors LLC acquired a new position in Boeing during the 4th quarter valued at approximately $61,000. Spectrum Financial Alliance Ltd LLC boosted its position in Boeing by 13.8% during the 4th quarter. Spectrum Financial Alliance Ltd LLC now owns 322,580 shares of the aircraft producer's stock valued at $70,039,000 after purchasing an additional 39,103 shares during the period. Finally, WoodTrust Financial Corp boosted its position in Boeing by 3.6% during the 4th quarter. WoodTrust Financial Corp now owns 8,735 shares of the aircraft producer's stock valued at $1,897,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of analyst reports. Wolfe Research restated an "outperform" rating and set a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Wells Fargo & Company initiated coverage on Boeing in a research report on Wednesday, April 1st. They set an "overweight" rating and a $250.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Boeing from $245.00 to $270.00 and gave the company an "overweight" rating in a research report on Wednesday, January 28th. TD Cowen restated a "buy" rating on shares of Boeing in a research report on Wednesday, January 28th. Finally, Royal Bank Of Canada boosted their price target on Boeing from $265.00 to $275.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 28th. Two investment 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $259.60.

Read Our Latest Research Report on BA

Insider Transactions at Boeing

In related news, Director Mortimer J. Buckley bought 2,230 shares of the business's stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the transaction, the director directly 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Howard E. Mckenzie sold 10,497 shares of the business's 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 sale, the executive vice president directly owned 14,692 shares in the company, valued at $3,437,781.08. This trade represents a 41.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,012 shares of company stock worth $4,980,687 over the last 90 days. 0.10% of the stock is currently owned by corporate insiders.

Boeing Stock Down 0.6%

BA opened at $227.58 on Friday. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The stock's fifty day moving average is $217.11 and its 200-day moving average is $217.34. The company has a market capitalization of $179.40 billion, a PE ratio of 110.48 and a beta of 1.13.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the prior year, the firm posted ($0.49) EPS. The firm's quarterly revenue was up 14.0% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post 0.04 EPS for the current fiscal year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

Boeing Profile

(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.

Further Reading

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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