Mmbg Investment Advisors CO. lifted its holdings in The Boeing Company (NYSE:BA – Free Report) by 41.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,235 shares of the aircraft producer’s stock after buying an additional 2,405 shares during the quarter. Mmbg Investment Advisors CO.’s holdings in Boeing were worth $1,788,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing in the 3rd quarter worth about $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing during the 4th quarter valued at about $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Boeing during the 4th quarter valued at about $28,000. Finally, American National Bank & Trust grew its position in Boeing by 124.2% during the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 77 shares during the last quarter. 64.82% of the stock is 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 received a boost from a jury verdict in its favor in a long-running 737 MAX fraud case, reducing a legal risk that had weighed on sentiment. Boeing found not guilty of $153M 737 MAX fraud case
- Positive Sentiment: Saudi Arabia’s Riyadh Air is moving ahead with its launch and will take its first Boeing jets this week, reinforcing backlog and delivery optimism. Saudi Arabia pushes ahead with launch of new airline despite Iran war
- Positive Sentiment: Insider buying added a constructive signal, with a Boeing director purchasing nearly $300,000 of stock. Insider Buying: Boeing (NYSE:BA) Director Buys $299,345.00 in Stock
- Positive Sentiment: Several recent analyses argue Boeing remains attractively valued relative to peers, and some analysts view the recent weakness as an entry point. BA vs. LMT: Which Aerospace-Defense Giant Offers Better Value Today?
- Neutral Sentiment: New commentary on Boeing’s long-term outlook says the company likely needs a new narrow-body aircraft over the next decade, but the timeline and execution remain uncertain. Where Will Boeing Stock Be in 10 Years?
- Negative Sentiment: Investor disappointment is centered on China, where Boeing reportedly secured only 200 aircraft orders, less than some had hoped for after trade discussions. The Disappointing Boeing Deal: Why China Only Bought 200 Planes
Insider Activity
Boeing Price Performance
BA opened at $219.18 on Tuesday. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The stock has a market capitalization of $172.78 billion, a P/E ratio of 106.40 and a beta of 1.21. The company’s 50-day simple moving average is $217.63 and its two-hundred day simple moving average is $218.86. 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 posted its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. Boeing’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.49) EPS. As a group, analysts predict that The Boeing Company will post -0.15 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently commented on BA shares. TD Cowen reissued a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Tigress Financial increased their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley increased their price objective on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. UBS Group increased their price objective on shares of Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Finally, Vertical Research reissued a “buy” rating and set a $281.00 price objective on shares of Boeing in a research report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.
Check Out Our Latest Research Report on Boeing
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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