Marin Bay Wealth Advisors LLC grew its stake in The Boeing Company (NYSE:BA – Free Report) by 1,476.5% during the 1st quarter, HoldingsChannel reports. The firm owned 28,534 shares of the aircraft producer’s stock after acquiring an additional 26,724 shares during the quarter. Boeing makes up approximately 1.7% of Marin Bay Wealth Advisors LLC’s holdings, making the stock its 9th biggest holding. Marin Bay Wealth Advisors LLC’s holdings in Boeing were worth $5,679,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of BA. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $25,000. Strive Financial Group LLC bought a new stake in Boeing in the fourth quarter valued at $25,000. Ares Financial Consulting LLC bought a new stake in Boeing in the fourth quarter valued at $26,000. CrossGen Wealth LLC acquired a new position in Boeing during the fourth quarter worth $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Boeing during the fourth quarter worth $27,000. 64.82% of the stock is currently owned by institutional investors.
Insider Activity
In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price 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. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.
Boeing Price Performance
Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the prior year, the firm posted ($0.49) earnings per share. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, research analysts anticipate that The Boeing Company will post -0.27 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Tigress Financial increased 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. Wells Fargo & Company started coverage on Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price for the company. Finally, Btg Pactual set a $260.00 price target on shares of Boeing in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.53.
Check Out Our Latest Stock Analysis on Boeing
Key Stories Impacting Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing announced a string of major commercial wins at the Farnborough Airshow, including orders/commitments from Philippine Airlines for up to 20 787 Dreamliners, SMBC Aviation Capital for 100 737 MAX jets, Riyadh Air for 28 more 787s, Luxair for additional 737-10s, Uganda Airlines’ first-ever Boeing purchase, and MSC Air Cargo’s five 777-8 freighters, strengthening the company’s backlog and revenue outlook. Article: Boeing and Philippine Airlines Announce Commitment for up to 20 787 Dreamliner Jets
- Positive Sentiment: FAA officials said certification for the 737 MAX 7 and 737 MAX 10 is expected soon, which could help Boeing bring long-delayed variants to market and support near-term production momentum. Article: FAA says certification of Boeing 737 MAX 7, 10 expected soon
- Positive Sentiment: Emirates said it expects Boeing 777-9 deliveries in the second quarter of 2027, signaling the troubled widebody program is moving closer to certification and entry into service. Article: Emirates expects Boeing 777-9 deliveries in second quarter 2027, president says
- Neutral Sentiment: Boeing pushed the U.S. to seek transparency on a reported EU loan package to Airbus, a sign that trade tensions could resurface, but the direct stock impact is unclear. Article: Boeing asks US to intervene over record EU loan to Airbus
- Negative Sentiment: Some coverage highlighted increasing competition from Chinese aircraft makers and Airbus, while Boeing’s CEO reiterated that a new jet launch is still years away because the company needs to repair its balance sheet first. Article: Boeing and Airbus prepare for next narrow-body battle – but airlines aren’t pushing for new jets yet
- Negative Sentiment: Analysts also noted Boeing may be heading into next week’s earnings report with weak earnings expectations, which could temper enthusiasm after the recent order wins. Article: Boeing (BA) May Report Negative Earnings: Know the Trend Ahead of Next Week’s Release
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.
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