COFG Advisors LLC Takes $495,000 Position in The Boeing Company $BA

COFG Advisors LLC bought a new position in shares of The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,280 shares of the aircraft producer’s stock, valued at approximately $495,000.

Several other hedge funds have also added to or reduced their stakes in BA. Revolve Wealth Partners LLC bought a new position in Boeing during the fourth quarter worth about $201,000. Sivia Capital Partners LLC raised its position in shares of Boeing by 16.5% in the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after buying an additional 217 shares in the last quarter. AXA S.A. boosted its stake in shares of Boeing by 1,225.7% in the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock valued at $7,261,000 after buying an additional 32,041 shares during the period. Ieq Capital LLC grew its position in Boeing by 243.8% during the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after buying an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Boeing by 4.2% during the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after buying an additional 53,736 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BA. Morgan Stanley increased their price target on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Tigress Financial increased their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company began coverage on Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Finally, Citigroup increased their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Insider Buying and Selling

In other news, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.10% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing said its MQ-28 Ghost Bat unmanned aircraft successfully completed stealth/low-radar-cross-section validation testing, reinforcing progress in its military aircraft and autonomous systems business. Boeing says Ghost Bat completes stealth validation testing
• Positive Sentiment: Reports also point to Boeing’s improving production outlook, including FAA clearance to ramp 737 MAX output and hopes that China could convert a prior commitment into firm orders, which would support deliveries and cash flow. Trump Put Boeing Back In The China Game — And Now The Stock Is Racing Toward A Golden Cross
• Neutral Sentiment: Industry coverage continues to frame Kelly Ortberg’s turnaround effort as a long-term rebuild focused on improving quality and execution rather than chasing short-term Wall Street expectations. Stock Market Today: Dow Up As Trump Says This On Iran; AI Stocks Pop On Anthropic IPO Move (Live Coverage)
• Negative Sentiment: Despite the operational progress, Boeing stock is getting some pressure from market commentary noting that shares have lagged the broader market over the past year, while recent trading has also been influenced by a weaker overall Dow and risk-off sentiment tied to geopolitical headlines. Boeing Stock (NYSE:BA) Falls as MQ-28 Gets Validated

Boeing Stock Performance

NYSE BA opened at $224.45 on Tuesday. The firm’s fifty day moving average price is $219.35 and its two-hundred day moving average price is $219.91. The stock has a market cap of $176.94 billion, a PE ratio of 108.96 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 debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same period last year, the business earned ($0.49) EPS. The company’s revenue was up 14.0% compared to the same quarter last year. On average, equities analysts expect that The Boeing Company will post -0.15 EPS 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.