Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 2.3% during the 3rd quarter, Holdings Channel reports. The fund owned 1,809,812 shares of the aircraft producer’s stock after selling 42,166 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Boeing were worth $336,716,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in BA. Jupiter Topco LLC bought a new position in shares of Boeing in the 2nd quarter worth $911,878,000. Bank of New York Mellon Corp bought a new stake in Boeing during the second quarter valued at about $747,763,000. Legal & General Group Plc bought a new stake in Boeing during the second quarter valued at about $710,816,000. Deutsche Bank AG bought a new stake in Boeing during the second quarter valued at about $539,456,000. Finally, Swiss National Bank boosted its position in Boeing by 7.6% during the first quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock valued at $457,386,000 after purchasing an additional 163,000 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing is positioned to receive a sole-source contract worth up to $945.9 million from the U.S. Space Force for MILSATCOM sustainment, strengthening its defense and space backlog. Boeing To Receive Up to $945.9 Million Sole Source Contract for MILSATCOM Sustainment
- Positive Sentiment: Boeing’s 2026 air-cargo forecast projects global freight traffic will double by 2045, supporting potential demand for nearly 3,000 new and converted freighters over the next two decades. Boeing Sees Air Cargo Traffic Doubling By 2045
- Positive Sentiment: Growth in satellite reconnaissance, driven by defense spending, synthetic-aperture radar and artificial intelligence, provides a favorable long-term backdrop for Boeing’s space and defense activities. Global Satellite Reconnaissance Market Size, Trends and Forecast Report 2026
- Neutral Sentiment: Analysts at Susquehanna added coverage or otherwise expressed support for Boeing, but the broader analyst reaction remains mixed. Boeing Stock Picked Up by Analysts at Susquehanna
- Negative Sentiment: Boeing’s quarterly EPS loss of $0.34 missed the consensus loss estimate of $0.25. Although revenue exceeded expectations and increased year over year, the earnings shortfall renewed concerns about execution and profitability.
- Negative Sentiment: Analysts at JPMorgan, Baird, Morgan Stanley, Wells Fargo and TD Cowen lowered their Boeing price targets or issued cautious forecasts, signaling reduced confidence in the pace of the turnaround. Boeing Stock Price Target Cut by Morgan Stanley
- Negative Sentiment: Recent commentary argues that Boeing’s anticipated $10 billion cash-flow recovery has been pushed out, making the company’s high leverage and balance-sheet weakness more important to investors. Boeing: A $10 Billion Cash Flow Dream Delayed
- Negative Sentiment: A law firm is investigating potential securities-law violations, adding headline and litigation risk, although no wrongdoing has been established. Kaplan Fox Investigation
Boeing Stock Performance
Shares of BA stock opened at $171.41 on Friday. The Boeing Company has a 12-month low of $165.01 and a 12-month high of $254.35. The business’s fifty day simple moving average is $196.12 and its 200-day simple moving average is $217.21. The company has a current ratio of 1.13, a quick ratio of 0.33 and a debt-to-equity ratio of 6.31. The company has a market cap of $135.83 billion, a PE ratio of 18.65 and a beta of 1.26.
Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The business had revenue of $24.19 billion during the quarter, compared to analyst estimates of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($7.47) EPS. Analysts expect that The Boeing Company will post -1.72 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on BA shares. Wall Street Zen downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Saturday, October 24th. Morgan Stanley decreased their price target on shares of Boeing from $225.00 to $195.00 and set an “equal weight” rating for the company in a research report on Wednesday. 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 report on Tuesday, August 11th. Tigress Financial lifted their price objective on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Roth Capital downgraded shares of Boeing to a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $246.92.
Check Out Our Latest Analysis on BA
Boeing Company Profile
The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.
Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.
Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.
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