NewEdge Wealth LLC Buys 3,179 Shares of The Boeing Company $BA

NewEdge Wealth LLC boosted its stake in The Boeing Company (NYSE:BA) by 68.2% in the fourth quarter, Holdings Channel reports. The firm owned 7,841 shares of the aircraft producer’s stock after purchasing an additional 3,179 shares during the quarter. NewEdge Wealth LLC’s holdings in Boeing were worth $1,702,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of BA. Vanguard Group Inc. increased its stake in Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after acquiring an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC lifted its stake in Boeing by 2.5% during the third quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock worth $6,301,901,000 after purchasing an additional 707,490 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Boeing by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after purchasing an additional 177,597 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Boeing by 7.1% in the 3rd quarter. Legal & General Group Plc now owns 3,369,615 shares of the aircraft producer’s stock valued at $727,264,000 after purchasing an additional 223,995 shares in the last quarter. Finally, Viking Global Investors LP increased its stake in shares of Boeing by 6.2% in the 3rd quarter. Viking Global Investors LP now owns 3,010,551 shares of the aircraft producer’s stock valued at $649,767,000 after purchasing an additional 175,486 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. TD Cowen reissued a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. UBS Group lifted their target price on Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Citigroup lowered their target price on Boeing from $290.00 to $256.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Argus raised shares of Boeing to a “hold” rating in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $259.60.

Boeing Trading Up 1.6%

NYSE BA opened at $240.58 on Thursday. The company has a market cap of $189.65 billion, a price-to-earnings ratio of 116.79 and a beta of 1.21. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. 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 business’s fifty day moving average is $217.63 and its 200 day moving average is $218.30.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. Boeing’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.49) EPS. As a group, sell-side analysts expect that The Boeing Company will post -0.15 EPS for the current fiscal year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 1,503 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the transaction, the executive vice president owned 19,015 shares of the company’s stock, valued at $4,445,326.70. This represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Ann M. Schmidt sold 6,281 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the completion of the transaction, the senior vice president owned 13,978 shares of the company’s stock, valued at approximately $3,401,825.86. This trade represents a 31.00% decrease in their position. The SEC filing for this sale provides additional information. 0.10% of the stock is currently owned by insiders.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing CEO Kelly Ortberg is joining Trump’s delegation to Beijing, and reports suggest a potential deal for hundreds of jets could hinge on U.S.-China negotiations, raising hopes for a major new order. Boeing pursues massive China jet deal as CEO joins Trump’s delegation to Beijing
• Positive Sentiment: Traders are increasingly betting that Trump could announce aircraft purchases from Boeing during the China summit, which would be a material catalyst for the stock if confirmed. Trump to announce tariff truce extension, aircraft purchases from Boeing in China, traders predict
• Positive Sentiment: Wall Street is focused on the possibility that Boeing could reignite its China business, potentially breathing new life into the stock if a large order is announced. Boeing could finally reignite its China business. Will that breathe new life into its stock?
• Positive Sentiment: Boeing’s April new order bookings surged to 135 net new orders, giving investors fresh evidence that demand is improving even as delivery and legal issues remain in focus. Boeing’s new order bookings surge in April

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.