Safeguard Investment Advisory Group LLC Buys Shares of 4,624 The Boeing Company $BA

Safeguard Investment Advisory Group LLC bought a new stake in The Boeing Company (NYSE:BAFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,624 shares of the aircraft producer’s stock, valued at approximately $1,001,000.

A number of other institutional investors have also recently made changes to their positions in BA. Vanguard Group Inc. raised its stake in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after purchasing an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC lifted its holdings in Boeing by 1.0% in the 4th quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after purchasing an additional 286,848 shares in the last quarter. Geode Capital Management LLC boosted its stake in 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 purchasing an additional 533,753 shares during the last quarter. Fisher Asset Management LLC boosted its stake in 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 purchasing an additional 135,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Boeing by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock worth $948,905,000 after buying an additional 138,469 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA opened at $214.20 on Monday. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The company has a market capitalization of $169.30 billion, a PE ratio of 92.73 and a beta of 1.21. The stock has a fifty day simple moving average of $222.11 and a two-hundred day simple moving average of $222.18. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same period in the previous year, the firm posted ($1.24) EPS. The company’s revenue was up 8.0% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -0.87 EPS for the current year.

Analysts Set New Price Targets

BA has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target on the stock in a research report on Tuesday, August 11th. Robert W. Baird set a $300.00 price objective on shares of Boeing in a research note on Wednesday, July 29th. Royal Bank Of Canada cut their price objective on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald cut Boeing to a “neutral” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $272.58.

Read Our Latest Research Report on BA

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

  • Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
  • Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company
  • Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing
  • Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today
  • Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress
  • Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs

Boeing Company Profile

(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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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