Icon Wealth Advisors LLC Has $2.73 Million Stock Position in The Boeing Company $BA

Icon Wealth Advisors LLC grew its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 36.7% during the 4th quarter, Holdings Channel reports. The firm owned 12,630 shares of the aircraft producer’s stock after buying an additional 3,389 shares during the period. Icon Wealth Advisors LLC’s holdings in Boeing were worth $2,732,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Boeing by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after acquiring an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC increased its holdings in shares of Boeing by 1.0% during the 4th quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock worth $6,401,847,000 after acquiring an additional 286,848 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Boeing by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after acquiring an additional 533,753 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of Boeing by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock worth $1,224,752,000 after acquiring an additional 135,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Boeing by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock worth $948,905,000 after acquiring an additional 138,469 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

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Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s commercial delivery surge is helping drive free cash flow and supporting a recovery in the company’s balance sheet. Boeing’s Unseen Rebound: Why the Headlines Are Wrong
• Positive Sentiment: Boeing’s Global Services business posted higher quarterly revenue, a record $33 billion backlog, and new contract wins, suggesting a growing recurring-growth engine. Can Boeing’s Global Services Business Become a Bigger Growth Driver?
• Positive Sentiment: Boeing announced a $2.35 billion investment in its Wichita campus along with other operational updates, which investors may view as a commitment to capacity and long-term execution. Boeing (BA) Stock Trades Up, Here Is Why
• Neutral Sentiment: DP Aircraft I secured up to $92 million in long-term financing for Boeing 787s ahead of LOT leases, which is supportive for 787-related demand but is a smaller indirect catalyst for Boeing stock. DP Aircraft I locks in US$92m long-term financing for Boeing 787s ahead of LOT leases
• Negative Sentiment: Boeing was recently pressured by a broader pullback, with the stock previously dipping more than the market as investors remained sensitive to execution and valuation concerns. Why Boeing (BA) Dipped More Than Broader Market Today

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Wolfe Research reissued an “outperform” rating and set a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Tigress Financial boosted their target price on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Citigroup boosted their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Wells Fargo & Company initiated coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Two equities 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 data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $262.32.

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Boeing Stock Performance

Shares of NYSE BA opened at $219.23 on Friday. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The stock’s fifty day moving average price is $222.78 and its two-hundred day moving average price is $221.38. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The firm has a market cap of $172.82 billion, a price-to-earnings ratio of 106.42 and a beta of 1.19.

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

Insider Buying and Selling

In other news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by corporate insiders.

About Boeing

(Free Report)

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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