Keudell Morrison Wealth Management acquired a new position in The Boeing Company (NYSE:BA – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,621 shares of the aircraft producer’s stock, valued at approximately $786,000.
Several other hedge funds have also bought and sold shares of BA. Measured Wealth Private Client Group LLC purchased a new stake in Boeing in the 3rd quarter worth approximately $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing in the 4th quarter worth approximately $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Boeing in the 4th quarter worth approximately $28,000. Finally, American National Bank & Trust boosted its position in Boeing by 124.2% in the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.
Key Stories Impacting Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: China officially confirmed an order for 200 Boeing jets, a meaningful boost to Boeing’s commercial aircraft outlook and a sign that trade tensions may be easing. Beijing Confirms Boeing Aircraft Order Following Trump’s China Visit—Xi Jinping Seeks To End $30 Billion In Reciprocal Tariffs With US
- Positive Sentiment: Citi called the recent pullback in Boeing shares a buying opportunity and raised its price target to $260, signaling confidence in the stock’s recovery potential. Citi calls Boeing selloff a ‘gift’ and lifts BA target to $260
- Positive Sentiment: Analysts highlighted Boeing’s record $695 billion backlog, rising deliveries, and defense growth as evidence that the company’s recovery and revenue visibility are improving. Is Boeing’s Growing Backlog Strengthening Its Recovery Prospects?
- Neutral Sentiment: Boeing and Gilat Satellite Networks announced a partnership to offer in-flight connectivity hardware as a factory-installed option, a small but potentially helpful product and services development. Boeing Bets On Gilat Antennas As Connectivity Becomes Core For Investors
- Neutral Sentiment: News that Boeing’s former IMAX theater is staying out of a redevelopment plan is unlikely to materially affect Boeing’s business or stock performance. “A Blow to Movie Buffs”: Boeing Stock (NYSE:BA) Slips as Former Boeing IMAX Theater Stays Out of Features
- Negative Sentiment: Some investors were disappointed that the China order was for 200 planes rather than the much larger figure the market had hoped for, which likely contributed to the stock’s volatility. Fresh China deal gives hope for whipsawed Boeing shares
Boeing Trading Down 1.1%
Boeing (NYSE:BA – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) 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 analysts’ expectations of $22.15 billion. During the same quarter last year, the business earned ($0.49) EPS. The company’s quarterly revenue was up 14.0% on a year-over-year basis. On average, equities research analysts forecast that The Boeing Company will post -0.15 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on BA shares. TD Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Vertical Research reiterated a “buy” rating and set a $281.00 target price on shares of Boeing in a research report on Tuesday, January 27th. Morgan Stanley increased their target price on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Tigress Financial increased their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $259.80.
Get Our Latest Research Report on BA
Insiders Place Their Bets
In other news, Director Mortimer J. Buckley acquired 2,230 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the acquisition, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. This trade represents a 101.36% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Uma M. Amuluru sold 1,503 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the transaction, the executive vice president owned 19,015 shares in the company, valued at $4,445,326.70. The trade was a 7.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.10% of the company’s stock.
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.
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