Equitable Trust Co. Trims Holdings in The Boeing Company $BA

Equitable Trust Co. reduced its stake in The Boeing Company (NYSE:BA) by 13.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 21,208 shares of the aircraft producer’s stock after selling 3,253 shares during the quarter. Equitable Trust Co.’s holdings in Boeing were worth $4,221,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BA. Summit Securities Group LLC acquired a new stake in Boeing in the 1st quarter valued at approximately $251,000. Accredited Investors Inc. lifted its stake in Boeing by 74.1% during the first quarter. Accredited Investors Inc. now owns 2,507 shares of the aircraft producer’s stock worth $499,000 after purchasing an additional 1,067 shares in the last quarter. Roman Butler Fullerton & Co. boosted its position in shares of Boeing by 4.3% during the first quarter. Roman Butler Fullerton & Co. now owns 2,072 shares of the aircraft producer’s stock worth $451,000 after buying an additional 85 shares during the period. SkyOak Wealth LLC purchased a new position in shares of Boeing during the first quarter worth $241,000. Finally, First Horizon Corp grew its stake in shares of Boeing by 1.2% in the first quarter. First Horizon Corp now owns 5,570 shares of the aircraft producer’s stock valued at $1,109,000 after buying an additional 67 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s smallest 737 MAX model is reportedly nearing FAA certification after years of delays, a long-awaited milestone that could help the company expand deliveries and improve investor confidence in its production recovery. Article Title
• Positive Sentiment: Boeing also announced partnerships tied to aviation innovation and sustainable aviation fuel, including a collaboration with Bahir Dar University and an MoU with Indonesia’s Pertamina, which supports its long-term growth and ESG positioning. Article Title Article Title
• Positive Sentiment: Some commentary points to rising 737 MAX production and improved deliveries as signs that Boeing’s operating momentum is still building, with analysts arguing the stock may still be undervalued. Article Title
• Neutral Sentiment: Investor attention remains high around Boeing, suggesting the market is closely watching for the next catalyst, but this alone is not a fundamental driver. Article Title
• Negative Sentiment: German investigators linked a misplaced locking pin to the Frankfurt nose-gear collapse involving a Boeing 787, renewing safety concerns and headline risk for the stock. Article Title
• Negative Sentiment: Separate reports on recent 737 MAX incidents at Southwest revived scrutiny of Boeing’s quality-control and safety record, which can pressure sentiment even when production trends improve. Article Title
• Negative Sentiment: Another Reuters item said NATO chose Saab over Boeing for a contract, a competitive loss that adds to concerns about Boeing’s pipeline in defense. Article Title

Wall Street Analyst Weigh In

Several research firms recently issued reports on BA. Morgan Stanley boosted their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Citigroup raised their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 18th. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Finally, Wells Fargo & Company began coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $261.61.

Insider Activity

In other news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company’s stock.

Boeing Stock Down 0.8%

Shares of NYSE:BA opened at $223.12 on Friday. The firm’s 50 day moving average price is $223.31 and its 200 day moving average price is $224.80. The stock has a market cap of $175.89 billion, a price-to-earnings ratio of 108.31 and a beta of 1.21. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. During the same quarter in the prior year, the firm earned ($0.49) EPS. The firm’s revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts predict that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

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.