Intact Investment Management Inc. lifted its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 33.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,900 shares of the aircraft producer’s stock after purchasing an additional 2,000 shares during the quarter. Intact Investment Management Inc.’s holdings in Boeing were worth $1,398,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc boosted its holdings in Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after purchasing an additional 710 shares during the period. Rockefeller Capital Management L.P. boosted its stake in Boeing by 8.8% during the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after buying an additional 38,300 shares during the period. Carnegie Investment Counsel grew its position in Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after buying an additional 2,943 shares in the last quarter. Principal Financial Group Inc. increased its stake in Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after acquiring an additional 38,332 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Boeing by 9.9% in the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after acquiring an additional 602,143 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.
Insider Activity at Boeing
In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
View Our Latest Analysis on BA
Boeing Stock Performance
Shares of BA stock opened at $162.00 on Friday. The firm has a market cap of $121.51 billion, a P/E ratio of -8.84 and a beta of 1.53. The business’s 50 day moving average price is $173.23 and its 200-day moving average price is $163.68. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95.
Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings results 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 quarter last year, the company posted ($0.47) EPS. As a group, equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.
Boeing Company 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.
See Also
- Five stocks we like better than Boeing
- Using the MarketBeat Stock Split Calculator
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- How to Short a Stock in 5 Easy Steps
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- What is the NASDAQ Stock Exchange?
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.