Legal & General Group Plc Trims Stake in The Boeing Company $BA

Legal & General Group Plc reduced its position in The Boeing Company (NYSE:BA) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,322,295 shares of the aircraft producer’s stock after selling 47,320 shares during the period. Legal & General Group Plc’s holdings in Boeing were worth $721,337,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Vanguard Group Inc. raised its position in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after purchasing an additional 3,460,021 shares during the period. Newport Trust Company LLC increased its position in shares of 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 acquiring an additional 707,490 shares during the period. Great Lakes Advisors LLC increased its position in shares of Boeing by 25,532.3% during the third quarter. Great Lakes Advisors LLC now owns 424,983 shares of the aircraft producer’s stock worth $91,725,000 after acquiring an additional 423,325 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Boeing during the fourth quarter worth approximately $89,368,000. Finally, Bessemer Group Inc. increased its position in shares of Boeing by 50.3% during the third quarter. Bessemer Group Inc. now owns 1,069,819 shares of the aircraft producer’s stock worth $230,900,000 after acquiring an additional 357,995 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BA has been the topic of a number of research reports. Vertical Research reaffirmed a “buy” rating and set a $281.00 target price on shares of Boeing in a research report on Tuesday, January 27th. Wells Fargo & Company initiated coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. UBS Group raised their target price on shares of Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Citigroup raised their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Tigress Financial raised their target price 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 equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China confirmed a 200-aircraft Boeing order as part of broader U.S.-China trade talks, reopening a major market for Boeing after a prolonged freeze and improving near-term demand visibility. 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 reportedly called the recent selloff in Boeing a buying opportunity and raised its price target to $260, signaling confidence in the company’s recovery. Citi calls Boeing selloff a ‘gift’ and lifts BA target to $260
• Positive Sentiment: Director Bradley D. Tilden bought 1,370 shares, a vote of confidence from an insider that can help support sentiment. SEC insider filing
• Neutral Sentiment: Boeing is also benefiting from a growing backlog and defense-related revenue visibility, which supports the long-term recovery case but is not an immediate catalyst. Is Boeing’s Growing Backlog Strengthening Its Recovery Prospects?
• Negative Sentiment: Reports that certification for the 777X is more complicated than expected, including greater focus on “hot brakes,” are weighing on the stock by renewing concerns about delays and execution risk. Hot Brakes a Bigger Part of 777X Certification Than Expected, Boeing Stock (NYSE:BA) Slips
• Negative Sentiment: Some investors were disappointed that the China deal was for 200 jets rather than the much larger order they had hoped for, which may be limiting upside in the shares. Fresh China deal gives hope for whipsawed Boeing shares

Boeing Stock Performance

Shares of NYSE:BA opened at $219.18 on Monday. The firm has a market cap of $172.78 billion, a PE ratio of 106.40 and a beta of 1.21. The firm’s 50 day simple moving average is $217.34 and its 200-day simple moving average is $218.72. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.49) earnings per share. As a group, equities analysts predict that The Boeing Company will post -0.15 EPS for the current year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 1,503 shares of Boeing stock in a transaction that occurred 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 transaction, the executive vice president directly owned 19,015 shares of the company’s stock, valued at $4,445,326.70. This trade represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ? increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by corporate insiders.

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.