Deutsche Bank AG Invests $539.46 Million in The Boeing Company $BA

Deutsche Bank AG bought a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 2,492,058 shares of the aircraft producer’s stock, valued at approximately $539,456,000. Deutsche Bank AG owned 0.32% of Boeing at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Revolve Wealth Partners LLC bought a new position in shares of Boeing during the fourth quarter valued at $201,000. Sivia Capital Partners LLC boosted its stake in shares of Boeing by 16.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after purchasing an additional 217 shares in the last quarter. AXA S.A. grew its holdings in shares of Boeing by 1,225.7% in the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after purchasing an additional 32,041 shares during the last quarter. Ieq Capital LLC grew its holdings in shares of Boeing by 243.8% in the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after purchasing an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Boeing by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after purchasing an additional 53,736 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $226.48 on Tuesday. The stock has a 50-day simple moving average of $221.91 and a 200 day simple moving average of $222.66. The stock has a market capitalization of $179.00 billion, a price-to-earnings ratio of 98.04 and a beta of 1.21. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The company had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.24) EPS. On average, research analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on BA. Sanford C. Bernstein initiated coverage on shares of Boeing in a report on Tuesday, August 11th. They set an “outperform” rating for the company. Barclays cut shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. Wolfe Research cut shares of Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Tigress Financial boosted their target price on Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Robert W. Baird set a $300.00 target price on Boeing in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.

Insider Activity

In related news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The shares were bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

About Boeing

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.