ABN Amro Investment Solutions Raises Holdings in The Boeing Company $BA

ABN Amro Investment Solutions lifted its position in shares of The Boeing Company (NYSE:BA) by 16.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 34,243 shares of the aircraft producer’s stock after acquiring an additional 4,907 shares during the quarter. ABN Amro Investment Solutions’ holdings in Boeing were worth $6,815,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Measured Wealth Private Client Group LLC bought a new position in Boeing in the 3rd quarter worth approximately $25,000. Strive Financial Group LLC purchased a new position in Boeing in the 4th quarter valued at approximately $25,000. Ares Financial Consulting LLC bought a new stake in Boeing during the 4th quarter valued at $26,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing during the fourth quarter worth $26,000. Finally, Strategic Wealth Advisors LLC bought a new stake in shares of Boeing during the fourth quarter valued at about $27,000. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on BA shares. Wells Fargo & Company began coverage on shares of Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. Tigress Financial boosted their price objective on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Citigroup increased their target price on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 18th. Morgan Stanley lifted their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $261.53.

Boeing Stock Performance

Shares of BA opened at $208.85 on Thursday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The stock has a market cap of $164.64 billion, a P/E ratio of 101.38 and a beta of 1.21. The business’s 50 day moving average price is $219.98 and its 200-day moving average price is $224.59. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

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, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the business earned ($0.49) EPS. Equities research analysts anticipate that The Boeing Company will post -0.33 earnings per share for the current fiscal year.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing announced several new aircraft wins at the Farnborough Airshow, including orders from Luxair, Uganda Airlines, MSC Air Cargo, and AerCap, which supports its backlog and signals steady demand for 737 MAX, 787 Dreamliner, and 777 freighter jets. Article Title
• Positive Sentiment: TipRanks and other market commentary pointed to Boeing gaining as Airbus plays catch-up, reinforcing investor optimism that Boeing is benefiting from renewed commercial aircraft momentum. Article Title
• Positive Sentiment: Several reports noted Boeing’s “strong delivery momentum” and improving corporate turnaround narrative, which can help sentiment around the stock if investors believe execution is improving. Article Title
• Neutral Sentiment: Analysts and trading commentary say Boeing remains a trending stock, but much of the focus is on the upcoming earnings report and whether recent operational progress can be sustained. Article Title
• Negative Sentiment: Technical-focused coverage flagged Boeing as sitting below key moving averages ahead of Q2 earnings, suggesting the stock still faces resistance and investor caution. Article Title
• Negative Sentiment: Some coverage also warned that Boeing may report negative earnings next week, which could temper enthusiasm if results disappoint or guidance is weak. Article Title

Insiders Place Their Bets

In other news, Director Bradley D. Tilden acquired 1,370 shares of Boeing 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 purchase, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.