BlackRock Amends Boeing Stake, Files SC 13G/A on Dec 31 Holdings
Ticker: BA-PA · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 12927
| Field | Detail |
|---|---|
| Company | Boeing Co (BA-PA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock just updated its Boeing stake, signaling its latest institutional view on the aerospace giant.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 29, 2024, indicating its ownership of Boeing Co. common stock as of December 31, 2023. This filing, Amendment No. 7, updates BlackRock's previously reported stake in Boeing, a major aircraft manufacturer. This matters to investors because BlackRock is one of the world's largest asset managers, and changes in its holdings can signal its confidence (or lack thereof) in a company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in Boeing, providing transparency into a major institutional investor's position, which can influence market sentiment and other investment decisions.
Risk Assessment
Risk Level: low — This is a routine disclosure of institutional ownership and does not inherently present new risks, but rather provides transparency.
Analyst Insight
A smart investor would note BlackRock's continued presence as a major shareholder in Boeing, but this filing alone doesn't provide enough detail to infer a change in their investment thesis. Further analysis of the actual percentage of ownership (not provided in this snippet) would be needed to assess any shift in BlackRock's conviction.
Key Numbers
- 097023105 — CUSIP Number (identifies Boeing Co. Common Stock)
- 0001364742 — Central Index Key (CIK) (identifies BlackRock Inc.)
- 0000012927 — Central Index Key (CIK) (identifies BOEING CO)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- BOEING CO (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which requires the filing of this statement
- January 29, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 7 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will continue to be a significant institutional holder of Boeing stock. (BlackRock Inc.) — high confidence, target: 2025-12-31
- Future SC 13G/A filings from BlackRock regarding Boeing will likely occur annually or upon significant changes in ownership. (BlackRock Inc.) — high confidence, target: 2025-01-31
FAQ
What type of SEC filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 7)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section and 'Names of reporting persons. BlackRock, Inc.' on the cover page.
What is the subject company whose securities are being reported?
The subject company is BOEING CO, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: BOEING CO' and 'BOEING CO (Name of Issuer)'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of BOEING CO is 097023105, as listed under '(CUSIP Number)' on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding BOEING CO (BA-PA).