SouthState Corp Acquires 1,130 Shares of The Boeing Company (NYSE:BA)

SouthState Corp grew its stake in The Boeing Company (NYSE:BA) by 45.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,611 shares of the aircraft producer’s stock after buying an additional 1,130 shares during the period. SouthState Corp’s holdings in Boeing were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Boeing during the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing in the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter valued at approximately $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the fourth quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC raised its position in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on BA shares. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, UBS Group upped their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $195.68.

Boeing Trading Up 0.1 %

Shares of NYSE BA opened at $162.04 on Tuesday. The firm has a market cap of $121.54 billion, a price-to-earnings ratio of -8.84 and a beta of 1.53. The stock has a fifty day simple moving average of $173.05 and a two-hundred day simple moving average of $163.49. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm earned ($0.47) earnings per share. Analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value 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 $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.