Kercheville Advisors LLC decreased its holdings in shares of The Boeing Company (NYSE:BA – Free Report) by 54.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,764 shares of the aircraft producer’s stock after selling 3,315 shares during the period. Kercheville Advisors LLC’s holdings in Boeing were worth $550,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of BA. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing in the 3rd quarter worth approximately $25,000. Strive Financial Group LLC purchased a new position in Boeing during the fourth quarter valued at approximately $25,000. CrossGen Wealth LLC purchased a new position in Boeing during the fourth quarter valued at approximately $26,000. Ares Financial Consulting LLC bought a new position in Boeing in the fourth quarter worth approximately $26,000. Finally, 1 North Wealth Services LLC bought a new position in Boeing in the fourth quarter worth approximately $27,000. Institutional investors own 64.82% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on BA. 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. Citigroup boosted their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Wolfe Research restated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Finally, Tigress Financial lifted their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $262.32.
Boeing Stock Performance
Shares of Boeing stock opened at $216.98 on Wednesday. The firm has a market capitalization of $171.05 billion, a P/E ratio of 105.33 and a beta of 1.19. 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 company has a 50 day moving average price of $224.23 and a 200 day moving average price of $223.28. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.
Boeing (NYSE:BA – Get Free Report) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same quarter last year, the business earned ($0.49) earnings per share. Sell-side analysts expect that The Boeing Company will post -0.15 EPS for the current year.
Trending Headlines about Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing’s experimental Q4S quantum networking satellite cleared a key ground-testing milestone, supporting the company’s longer-term space and communications ambitions. Boeing (BA) Reaches A Key Q4S Quantum Satellite Test Milestone
- Positive Sentiment: British Airways flying more Boeing 787-10 Dreamliners highlights continued demand for Boeing aircraft in commercial aviation. British Airways is suddenly flying its Boeing 787-10 Dreamliners more than ever
- Neutral Sentiment: Boeing named a new Southeast Asia leader, a management update that may help regional execution but is unlikely to move the stock on its own. Boeing Names New Southeast Asia Leader
- Neutral Sentiment: Several commentary pieces compared Boeing with Airbus or discussed valuation after recent operational scrutiny, reinforcing that investors are weighing upside against execution risk. Boeing (BA) Stock After Recent Operational Scrutiny Is The Current Valuation Attractive
- Negative Sentiment: Articles flagged Boeing as falling more than the broader market and cited ongoing operational concerns, which likely pressured sentiment. Boeing (BA) Registers a Bigger Fall Than the Market: Important Facts to Note
- Negative Sentiment: Coverage about growing competition in aerospace suggests Boeing faces pressure from rivals, which can weigh on the stock. Growing Competition Sends Boeing Stock (NYSE:BA) Down
Insider Activity
In related news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction dated 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 purchase, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.
Boeing 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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