Rakuten Investment Management Inc. boosted its position in shares of The Boeing Company (NYSE:BA – Free Report) by 10.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 139,165 shares of the aircraft producer’s stock after buying an additional 12,632 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Boeing were worth $26,118,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Highland Investment Advisors LLC bought a new position in shares of Boeing during the 2nd quarter valued at about $26,000. Strategic Wealth Advisors LLC acquired a new position in shares of Boeing in the 2nd quarter worth approximately $27,000. Retirement Wealth Solutions LLC raised its holdings in shares of Boeing by 3,575.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock worth $27,000 after purchasing an additional 143 shares in the last quarter. Bell Investment Advisors Inc bought a new stake in shares of Boeing in the 2nd quarter worth approximately $29,000. Finally, Security National Bank of SO Dak acquired a new stake in Boeing during the second quarter valued at approximately $30,000. 64.82% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Boeing
In related news, Director Mortimer Buckley purchased 5,820 shares of Boeing stock in a transaction dated Friday, October 30th. The stock was acquired at an average cost of $171.55 per share, with a total value of $998,421.00. Following the completion of the transaction, the director directly owned 10,250 shares of the company’s stock, valued at $1,758,387.50. This trade represents a 131.38% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven Mollenkopf purchased 2,950 shares of the firm’s stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average price of $173.03 per share, with a total value of $510,438.50. Following the completion of the acquisition, the director owned 6,717 shares of the company’s stock, valued at $1,162,242.51. This trade represents a 78.31% increase in their position. The SEC filing for this purchase provides additional information. 0.10% of the stock is owned by corporate insiders.
Boeing Stock Down 1.1%
NYSE:BA opened at $173.46 on Wednesday. The firm has a market capitalization of $137.46 billion, a price-to-earnings ratio of 18.87 and a beta of 1.34. The Boeing Company has a 1-year low of $165.01 and a 1-year high of $254.35. The company has a current ratio of 1.13, a quick ratio of 0.34 and a debt-to-equity ratio of 6.31. The business’s fifty day moving average price is $194.60 and its 200 day moving average price is $216.52.
Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.09). Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The business had revenue of $24.19 billion during the quarter, compared to analysts’ expectations of $23.95 billion. During the same period in the prior year, the company posted ($7.47) earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, sell-side analysts forecast that The Boeing Company will post -1.72 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages recently weighed in on BA. Oppenheimer cut shares of Boeing to a “market perform” rating in a report on Wednesday, October 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a report on Monday, October 19th. JPMorgan Chase & Co. cut their price objective on Boeing from $290.00 to $240.00 and set an “overweight” rating for the company in a research report on Wednesday, October 28th. Bank of America reissued a “buy” rating and set a $270.00 price objective on shares of Boeing in a research note on Friday, September 18th. Finally, Sanford C. Bernstein decreased their target price on Boeing from $278.00 to $223.00 and set an “outperform” rating on the stock in a report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $247.88.
Get Our Latest Analysis on Boeing
More Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing and Icelease agreed to convert one 767-300 into a freighter, with options for two more. The first conversion is expected to be delivered in the second quarter of 2027, adding business and demonstrating demand for Boeing’s freighter-conversion services. Boeing and Icelease Sign Agreement for up to Three 767-300 Boeing Converted Freighters
- Positive Sentiment: One outlook article argues that Boeing’s updated guidance may be conservative and that executing its plans for 2027 and beyond could give the stock upside. It also identifies 777X certification and first delivery as potential milestones that could reduce uncertainty. Where Will Boeing Stock Be by This Time Next Year?
- Neutral Sentiment: Boeing has a record reported backlog, including a substantial defense pipeline, and the 737-10 received FAA certification. However, the company continued to report losses, so the backlog and certification have yet to resolve concerns about profitability and execution. Is Defense Backlog Growth Altering The Investment Case For Boeing?
- Negative Sentiment: A report says Emirates is concerned about the long-running 777X delay. Continued schedule uncertainty could undermine customer confidence and keep pressure on Boeing’s recovery narrative. Boeing Stock Slips as Emirates Gets Concerned
- Negative Sentiment: Separate articles note that Boeing pushed back its 737 MAX production and delivery ramp, highlighting the ongoing risk that execution delays could hinder its recovery. Where Will Boeing Stock Be by This Time Next Year?
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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