Gibbs Wealth Management boosted its position in shares of The Boeing Company (NYSE:BA – Free Report) by 214.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,171 shares of the aircraft producer’s stock after purchasing an additional 19,208 shares during the period. Boeing makes up 0.7% of Gibbs Wealth Management’s holdings, making the stock its 29th biggest holding. Gibbs Wealth Management’s holdings in Boeing were worth $5,607,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of BA. Alesco Advisors LLC An ESL Co grew its stake in shares of Boeing by 59.2% in the 1st quarter. Alesco Advisors LLC An ESL Co now owns 2,044 shares of the aircraft producer’s stock valued at $407,000 after buying an additional 760 shares during the period. CI Investments Inc. raised its position in shares of Boeing by 5,624.7% during the 1st quarter. CI Investments Inc. now owns 167,849 shares of the aircraft producer’s stock valued at $33,407,000 after buying an additional 164,917 shares during the period. First Trust Advisors LP lifted its holdings in Boeing by 2.9% in the first quarter. First Trust Advisors LP now owns 755,537 shares of the aircraft producer’s stock valued at $150,374,000 after acquiring an additional 21,274 shares during the last quarter. Marin Bay Wealth Advisors LLC lifted its holdings in Boeing by 1,476.5% in the first quarter. Marin Bay Wealth Advisors LLC now owns 28,534 shares of the aircraft producer’s stock valued at $5,679,000 after acquiring an additional 26,724 shares during the last quarter. Finally, Millennium Capital Advisors LLC grew its position in Boeing by 10.8% in the first quarter. Millennium Capital Advisors LLC now owns 5,135 shares of the aircraft producer’s stock worth $1,022,000 after acquiring an additional 501 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.
Key Headlines Impacting Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing is making progress toward FAA certification of the 737 Max 10, with more than 1,500 aircraft orders waiting for approval; a green light this fall could lift future delivery and revenue prospects. Boeing Nears Max 10 Certification With 1,500+ Orders Awaiting Approval
- Positive Sentiment: The company continues to see stronger commercial deliveries and production gains heading into Q2, which could help revenue growth if supply constraints do not worsen. Buy, Hold or Sell Boeing Stock? Key Insights Ahead of Q2 Earnings
- Positive Sentiment: Boeing won a quiet order race at the Farnborough airshow, reinforcing that demand for its aircraft remains intact even as the broader aerospace industry faces supply limits. Boeing Wins Quiet Airshow Order Race
- Neutral Sentiment: Analysts and market commentary remain focused on Boeing’s upcoming Q2 results, including revenue, EPS, deliveries, and cash flow, making the report the next major catalyst for the stock. Exploring Analyst Estimates for Boeing (BA) Q2 Earnings, Beyond Revenue and EPS
- Neutral Sentiment: Industry coverage from Farnborough suggested Boeing and Airbus are still divided by production-rate expectations, underscoring that execution, not just demand, will determine the pace of recovery. Airbus, Boeing fly in different directions at Farnborough
- Negative Sentiment: Reports that China is seeking new Boeing order terms are adding uncertainty to a key international market and raising doubts about the durability of the Trump-Xi deal backdrop. China is said to seek new Boeing order terms, raising doubts on Trump-Xi deal
- Negative Sentiment: Traders are also weighing supply-chain bottlenecks and a bearish chart setup, with Boeing trading below key moving averages ahead of earnings. Boeing Stock Sits Below All Four Key Moving Averages Ahead of Q2 Earnings
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on BA
Insider Transactions at Boeing
In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.
Boeing Stock Performance
NYSE:BA opened at $209.03 on Friday. The company has a fifty day simple moving average of $219.57 and a two-hundred day simple moving average of $224.46. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The company has a market cap of $164.78 billion, a price-to-earnings ratio of 101.47 and a beta of 1.21.
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 (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.49) EPS. As a group, equities analysts anticipate that The Boeing Company will post -0.33 earnings per share for the current fiscal year.
Boeing Company 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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