The Boeing Company $BA Stock Position Lifted by Ascentis Independent Advisors

Ascentis Independent Advisors lifted its position in The Boeing Company (NYSE:BA) by 104.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,322 shares of the aircraft producer’s stock after acquiring an additional 6,288 shares during the quarter. Ascentis Independent Advisors’ holdings in Boeing were worth $2,452,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Boeing by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after purchasing an additional 3,460,021 shares during the last quarter. Alyeska Investment Group L.P. increased its stake in Boeing by 245.7% during the fourth quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock valued at $489,052,000 after purchasing an additional 1,600,909 shares during the last quarter. Janus Henderson Group PLC increased its stake in Boeing by 43.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock valued at $840,204,000 after purchasing an additional 1,176,074 shares during the last quarter. Viking Global Investors LP increased its stake in Boeing by 31.3% during the fourth quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock valued at $858,294,000 after purchasing an additional 942,536 shares during the last quarter. Finally, Diamant Asset Management Inc. raised its holdings in shares of Boeing by 19,623.0% during the first quarter. Diamant Asset Management Inc. now owns 872,348 shares of the aircraft producer’s stock worth $173,623,000 after purchasing an additional 867,925 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BA. Tigress Financial raised their price target on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Wolfe Research restated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Morgan Stanley upped their target price on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company assumed 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $261.61.

Boeing Stock Up 3.5%

Boeing stock opened at $234.47 on Tuesday. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a 50-day simple moving average of $223.60 and a 200-day simple moving average of $224.25. The firm has a market capitalization of $184.83 billion, a P/E ratio of 113.82 and a beta of 1.21.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm posted ($0.49) EPS. As a group, equities analysts expect that The Boeing Company will post -0.15 earnings per share 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 that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director directly owned 1,370 shares in the company, valued at $299,345. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing began operating a fourth final assembly line for the 737 MAX in Everett, a move aimed at boosting output and meeting strong aircraft demand. The additional line supports the company’s plan to raise 737 production over time. Reuters: Boeing’s new 737 assembly line starts moving in Everett
• Positive Sentiment: Reports of strong June deliveries and the new 737 MAX assembly line helped lift Boeing’s stock, signaling improving operational momentum for its commercial aircraft business. Yahoo Finance: Boeing (BA) Stock Trades Up, Here Is Why
• Neutral Sentiment: Wall Street commentary continues to lean constructive on Boeing, with analysts’ bullish views potentially supporting investor sentiment, though no specific rating change was highlighted in the article list. Zacks: Is It Worth Investing in Boeing (BA) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Boeing also disclosed an unplanned IT outage that disrupted computer systems and temporarily affected commercial and defense production workflows, creating an operational headwind for the company. Management said it was not believed to be a cyberattack. Yahoo Finance: Boeing (BA) Hit By IT Outage That Disrupted Commercial And Defense Production

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.