DAVENPORT & Co LLC Trims Stake in The Boeing Company $BA

DAVENPORT & Co LLC reduced its stake in The Boeing Company (NYSE:BA) by 9.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,427 shares of the aircraft producer’s stock after selling 10,446 shares during the period. DAVENPORT & Co LLC’s holdings in Boeing were worth $22,323,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Boeing by 1.7% during the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock worth $13,991,022,000 after acquiring an additional 1,118,316 shares during the period. Geode Capital Management LLC boosted its position in shares of Boeing by 2.7% during the second quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock valued at $3,402,073,000 after purchasing an additional 432,026 shares in the last quarter. Fisher Asset Management LLC grew its stake in Boeing by 3.8% in the second quarter. Fisher Asset Management LLC now owns 5,327,443 shares of the aircraft producer’s stock worth $1,116,259,000 after purchasing an additional 196,666 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Boeing by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer’s stock worth $888,910,000 after purchasing an additional 44,338 shares during the period. Finally, Legal & General Group Plc raised its holdings in Boeing by 6.3% in the second quarter. Legal & General Group Plc now owns 3,145,620 shares of the aircraft producer’s stock worth $659,102,000 after purchasing an additional 187,545 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

NYSE:BA opened at $218.03 on Thursday. The firm has a market cap of $165.72 billion, a P/E ratio of -15.94 and a beta of 1.18. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The firm has a 50-day simple moving average of $201.91 and a two-hundred day simple moving average of $214.25.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. The firm’s revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the firm posted ($10.44) EPS. On average, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing won a roughly $2 billion U.S. Air Force award tied to the B‑52 engine replacement program — a sizable, near‑term defense revenue win that boosts backlog and cash‑flow visibility for the aerospace/defense segment. Article Title
• Positive Sentiment: Additional defense contract and sole‑source awards (C‑17 flight deck replacement) further support aftermarket and sustainment revenue, reinforcing Boeing’s steady defense cash flows beyond commercial cycles. Article Title
• Positive Sentiment: Coverage and sentiment picked up after pieces highlighting Boeing’s expanding work (including firefighting capabilities/areas of growth), supporting the narrative of diversified revenue streams beyond commercial jets. Article Title
• Positive Sentiment: Analyst activity is supportive — aggregate broker sentiment recently showed a “Moderate Buy” consensus and at least one analyst upgrade, which can attract institutional flows and lift the stock. Article Title
• Neutral Sentiment: Options-flow commentary shows large‑lot (whale) activity in Boeing paper — useful for short‑term volatility/readers but not a directional fundamental driver on its own. Monitor concentrations and implied‑volatility moves. Article Title
• Neutral Sentiment: Analysts hold mixed views across industrial peers (including BA), so expect divergent price reactions as earnings and program updates arrive; consensus ratings can change quickly. Article Title
• Negative Sentiment: Halper Sadeh LLC announced an investor‑rights probe into whether Boeing officers/directors breached fiduciary duties — a governance/legal overhang that can pressure sentiment and invite litigation costs or settlements. Article Title
• Negative Sentiment: Safety scrutiny tied to NASA/Starliner program continues to create program‑execution risk; active criticism from safety panels can delay revenue recognition or increase remediation costs for crewed space efforts. Article Title

Insider Buying and Selling at Boeing

In other Boeing news, SVP Dana S. Deasy acquired 554 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average cost of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. This represents a 1.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction dated Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the sale, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. The trade was a 8.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BA. UBS Group restated a “buy” rating on shares of Boeing in a report on Wednesday, December 10th. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research report on Tuesday, September 30th. The Goldman Sachs Group reissued a “buy” rating on shares of Boeing in a research note on Tuesday, December 9th. BNP Paribas Exane began coverage on shares of Boeing in a report on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price objective on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of Boeing from $240.00 to $245.00 and gave the company an “overweight” rating in a report on Friday, December 19th. Three analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $233.17.

About Boeing

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.