Korea Investment CORP Has $98.16 Million Holdings in The Boeing Company $BA

Korea Investment CORP raised its position in The Boeing Company (NYSE:BA) by 15.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 452,116 shares of the aircraft producer’s stock after acquiring an additional 60,215 shares during the period. Korea Investment CORP’s holdings in Boeing were worth $98,163,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new stake in Boeing in the third quarter valued at approximately $25,000. Ares Financial Consulting LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $26,000. Strategic Wealth Advisors LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $28,000. Finally, American National Bank & Trust grew its stake in Boeing by 124.2% in the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Morgan Stanley raised their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Tigress Financial lifted their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings cut Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wells Fargo & Company initiated coverage on Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. Finally, Citigroup lifted their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $262.32.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s commercial delivery surge is helping drive free cash flow and supporting a recovery in the company’s balance sheet. Boeing’s Unseen Rebound: Why the Headlines Are Wrong
• Positive Sentiment: Boeing’s Global Services business posted higher quarterly revenue, a record $33 billion backlog, and new contract wins, suggesting a growing recurring-growth engine. Can Boeing’s Global Services Business Become a Bigger Growth Driver?
• Positive Sentiment: Boeing announced a $2.35 billion investment in its Wichita campus along with other operational updates, which investors may view as a commitment to capacity and long-term execution. Boeing (BA) Stock Trades Up, Here Is Why
• Neutral Sentiment: DP Aircraft I secured up to $92 million in long-term financing for Boeing 787s ahead of LOT leases, which is supportive for 787-related demand but is a smaller indirect catalyst for Boeing stock. DP Aircraft I locks in US$92m long-term financing for Boeing 787s ahead of LOT leases
• Negative Sentiment: Boeing was recently pressured by a broader pullback, with the stock previously dipping more than the market as investors remained sensitive to execution and valuation concerns. Why Boeing (BA) Dipped More Than Broader Market Today

Boeing Stock Down 1.1%

BA stock opened at $219.23 on Friday. The stock’s fifty day simple moving average is $222.78 and its two-hundred day simple moving average is $221.38. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. 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 $172.82 billion, a P/E ratio of 106.42 and a beta of 1.19.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the prior year, the firm posted ($0.49) EPS. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts expect that The Boeing Company will post -0.15 EPS for the current year.

Insider Activity

In other news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.10% of the stock is currently owned by insiders.

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.