The Boeing Company $BA Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in The Boeing Company (NYSE:BA) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,731 shares of the aircraft producer’s stock after selling 7,838 shares during the period. PNC Financial Services Group Inc.’s holdings in Boeing were worth $73,328,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Boeing during the 3rd quarter worth $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Boeing during the 4th quarter worth $26,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter worth $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Boeing during the 4th quarter worth $28,000. Finally, American National Bank & Trust lifted its position in shares of Boeing by 124.2% during the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $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.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China formally confirmed a 200-jet order from Boeing, reinforcing demand for the company’s commercial aircraft and signaling easing trade tensions. Beijing Confirms Boeing Aircraft Order Following Trump’s China Visit—Xi Jinping Seeks To End $30 Billion In Reciprocal Tariffs With US
• Positive Sentiment: Citi said the recent BA selloff is a “gift” and raised its price target to $260, a bullish analyst signal that suggests Wall Street sees further upside from the recent weakness. Citi calls Boeing selloff a ‘gift’ and lifts BA target to $260
• Positive Sentiment: Articles highlighted Boeing’s record $695 billion backlog, rising deliveries, and defense growth, which improve revenue visibility and support the recovery story. Is Boeing’s Growing Backlog Strengthening Its Recovery Prospects?
• Positive Sentiment: Boeing also announced a partnership with Gilat Satellite Networks to offer improved in-flight connectivity as a factory-installed option, adding another product/technology angle for future aircraft sales. Boeing Bets On Gilat Antennas As Connectivity Becomes Core For Investors
• Neutral Sentiment: Coverage around Boeing’s former IMAX theater being left out of new features is mostly a novelty item and is unlikely to materially affect the stock. “A Blow to Movie Buffs”: Boeing Stock (NYSE:BA) Slips as Former Boeing IMAX Theater Stays Out of Features
• Negative Sentiment: Some traders were disappointed the China order was for 200 planes rather than the larger number initially rumored, which helped explain some of the stock’s volatility despite the headline win. Fresh China deal gives hope for whipsawed Boeing shares

Insiders Place Their Bets

In related news, Director Mortimer J. Buckley purchased 2,230 shares of Boeing stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the transaction, the director directly owned 4,430 shares in the company, valued at approximately $993,206. The trade was a 101.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Uma M. Amuluru sold 1,503 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total transaction of $351,371.34. Following the completion of the sale, the executive vice president directly owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. This trade represents a 7.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.

Boeing Price Performance

Shares of BA opened at $219.72 on Friday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The stock has a market cap of $173.21 billion, a PE ratio of 106.66 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The firm has a fifty day moving average price of $217.24 and a 200 day moving average price of $218.62.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates 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. During the same period last year, the firm earned ($0.49) earnings per share. Boeing’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post -0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BA. Wells Fargo & Company began coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective for the company. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. TD Cowen reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Weiss Ratings cut shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Finally, Tigress Financial lifted their price objective on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.80.

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.