Elevation Point Wealth Partners LLC Takes $4.01 Million Position in The Boeing Company $BA

Elevation Point Wealth Partners LLC acquired a new stake in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,535 shares of the aircraft producer’s stock, valued at approximately $4,012,000.

A number of other large investors also recently bought and sold shares of BA. XML Financial LLC boosted its position in Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after acquiring an additional 43 shares in the last quarter. North Star Investment Management Corp. increased its holdings in shares of Boeing by 1.6% in the 4th quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock valued at $615,000 after acquiring an additional 44 shares during the period. Strait & Sound Wealth Management LLC raised its position in shares of Boeing by 1.1% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer’s stock worth $850,000 after acquiring an additional 44 shares in the last quarter. B.O.S.S. Retirement Advisors LLC raised its position in shares of Boeing by 1.4% in the 1st quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock worth $632,000 after acquiring an additional 44 shares in the last quarter. Finally, PKS Advisory Services LLC lifted its stake in shares of Boeing by 2.5% during the 4th quarter. PKS Advisory Services LLC now owns 1,839 shares of the aircraft producer’s stock worth $399,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.4%

Boeing stock opened at $214.20 on Friday. The business’s 50-day simple moving average is $222.11 and its two-hundred day simple moving average is $222.26. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The company has a market cap of $169.30 billion, a PE ratio of 92.73 and a beta of 1.21. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

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

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
• Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company
• Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing
• Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today
• Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress
• Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BA shares. Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a research report on Tuesday, August 11th. Citigroup downgraded shares of Boeing from a “buy” rating to a “sell” rating in a report on Tuesday, August 11th. Wolfe Research lowered shares of Boeing from an “outperform” rating to a “hold” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Robert W. Baird set a $300.00 price objective on shares of Boeing in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $272.58.

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.