PNC Financial Services Group Inc. grew its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 1.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 342,295 shares of the aircraft producer’s stock after acquiring an additional 4,564 shares during the period. PNC Financial Services Group Inc.’s holdings in Boeing were worth $68,127,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing in the third quarter valued at about $25,000. Strive Financial Group LLC purchased a new position in shares of Boeing during the 4th quarter worth approximately $25,000. CrossGen Wealth LLC purchased a new position in shares of Boeing during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $26,000. Finally, 1 North Wealth Services LLC purchased a new stake in Boeing in the 4th quarter valued at approximately $27,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction dated 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 completion of the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.
Analyst Ratings Changes
View Our Latest Analysis on BA
Boeing News Roundup
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
Boeing Price Performance
BA stock opened at $209.03 on Friday. The stock has a 50-day simple moving average of $219.57 and a 200-day simple moving average of $224.46. The firm has a market cap of $164.78 billion, a P/E ratio of 101.47 and a beta of 1.21. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18.
Boeing (NYSE:BA – Get Free Report) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.49) EPS. On average, equities analysts predict 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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