Apella Capital LLC Has $2.71 Million Position in The Boeing Company $BA

Apella Capital LLC boosted its holdings in The Boeing Company (NYSE:BA) by 38.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,629 shares of the aircraft producer’s stock after buying an additional 3,762 shares during the quarter. Apella Capital LLC’s holdings in Boeing were worth $2,713,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in Boeing in the 3rd quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new position in shares of Boeing during the fourth quarter worth $25,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing during the fourth quarter worth $26,000. CrossGen Wealth LLC bought a new stake in shares of Boeing in the fourth quarter worth $26,000. Finally, Strategic Wealth Advisors LLC bought a new stake in shares of Boeing in the fourth quarter worth $27,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing won a major roughly $2 billion Space Force/MUOS satellite contract, extending military communications capability and reinforcing its defense-and-space backlog. BA Stock: Boeing Secures $2B Satellite Contract From Department Of War
• Positive Sentiment: Boeing’s Aviation Business Solutions launched SkyGuard with CYVIATION, adding a cyber-risk monitoring service that could appeal to airlines facing rising regulatory and security demands. CYVIATION Partners with Boeing on New SkyGuard Service
• Positive Sentiment: The White House meeting between defense CEOs and President Trump highlighted pressure to boost U.S. weapons production, a backdrop that could support Boeing’s defense business. Trump meets defense CEOs as Iran operations strain U.S. missile stockpiles
• Neutral Sentiment: Coverage noting Boeing is a trending stock suggests elevated investor attention, but it did not include a new fundamental catalyst. Here is What to Know Beyond Why The Boeing Company (BA) is a Trending Stock
• Negative Sentiment: Investor concern remains over the 777X timeline and ETOPS testing, with Kelly Ortberg saying there is “a lot of work to do,” which reinforces expectations that the jet may not enter service until 2027. “..A Lot of Work to Do”: Boeing Stock (NYSE:BA) Slips as Kelly Ortberg Talks ETOPS Testing

Wall Street Analyst Weigh In

Several research analysts recently issued reports on BA shares. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Morgan Stanley upped their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Weiss Ratings cut Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Finally, Wells Fargo & Company initiated coverage on Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $262.32.

Boeing Stock Performance

Shares of BA opened at $217.96 on Friday. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The firm’s fifty day simple moving average is $224.08 and its two-hundred day simple moving average is $223.52. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The stock has a market capitalization of $171.81 billion, a P/E ratio of 105.80 and a beta of 1.19.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. The business’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the business posted ($0.49) earnings per share. As a group, analysts predict that The Boeing Company will post -0.15 EPS for the current year.

Insider Buying and Selling

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Boeing Company Profile

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.