1ST Source Bank lessened its holdings in The Boeing Company (NYSE:BA – Free Report) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,450 shares of the aircraft producer’s stock after selling 83 shares during the quarter. 1ST Source Bank’s holdings in Boeing were worth $788,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the business. Signaturefd LLC lifted its position in shares of Boeing by 23.3% in the 4th quarter. Signaturefd LLC now owns 11,063 shares of the aircraft producer’s stock worth $1,958,000 after purchasing an additional 2,091 shares during the period. Pitti Group Wealth Management LLC lifted its position in shares of Boeing by 40.2% in the 4th quarter. Pitti Group Wealth Management LLC now owns 10,863 shares of the aircraft producer’s stock worth $1,923,000 after purchasing an additional 3,113 shares during the period. Cibc World Markets Corp lifted its position in shares of Boeing by 15.4% in the 4th quarter. Cibc World Markets Corp now owns 258,528 shares of the aircraft producer’s stock worth $45,759,000 after purchasing an additional 34,495 shares during the period. SouthState Corp lifted its position in shares of Boeing by 45.5% in the 4th quarter. SouthState Corp now owns 3,611 shares of the aircraft producer’s stock worth $639,000 after purchasing an additional 1,130 shares during the period. Finally, RS Crum Inc. lifted its position in shares of Boeing by 2.4% in the 4th quarter. RS Crum Inc. now owns 2,988 shares of the aircraft producer’s stock worth $529,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.
Insider Transactions at Boeing
In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.16% of the company’s stock.
Analyst Ratings Changes
Read Our Latest Research Report on BA
Boeing Price Performance
NYSE:BA opened at $162.04 on Tuesday. The firm has a market capitalization of $121.54 billion, a P/E ratio of -8.84 and a beta of 1.53. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The company’s fifty day moving average price is $173.05 and its 200-day moving average price is $163.49.
Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal 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.
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