Meadowbrook Wealth Management LLC Sells 2,225 Shares of The Boeing Company $BA

Meadowbrook Wealth Management LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 65.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 1,170 shares of the aircraft producer’s stock after selling 2,225 shares during the period. Meadowbrook Wealth Management LLC’s holdings in Boeing were worth $256,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its position in Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after purchasing an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC boosted its stake in shares of Boeing by 1.0% during the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after purchasing an additional 286,848 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Boeing by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after purchasing an additional 533,753 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Boeing by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock worth $1,224,752,000 after purchasing an additional 135,860 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Boeing by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock valued at $948,905,000 after buying an additional 138,469 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of the stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.10% of the company’s stock.

Boeing Trading Up 8.0%

Shares of BA stock opened at $233.34 on Tuesday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The stock has a market cap of $184.43 billion, a price-to-earnings ratio of 101.02 and a beta of 1.21. The stock has a 50-day moving average of $219.43 and a 200-day moving average of $223.73.

Boeing (NYSE:BA) last posted 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). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The company had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same period in the prior year, the firm earned ($1.24) earnings per share. Boeing’s revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post -0.81 earnings per share for the current year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Federal Aviation Administration certified Boeing’s 737-7, the smallest 737 MAX variant, for commercial service after nearly a decade of technical reviews, delays and safety assessments. The amended type certificate and updated production approval clear the way for Boeing to begin first deliveries, reducing a significant regulatory overhang. Federal Aviation Administration certifies Boeing 737 MAX 7
• Positive Sentiment: BNP Paribas upgraded Boeing directly from Sell to Buy, citing fading certification risks and the potential for a substantial recovery in cash flow as aircraft production and deliveries improve. The rare double upgrade added to bullish sentiment around the turnaround. Boeing Stock Gets Rare Double Upgrade
• Positive Sentiment: Boeing delivered Somon Air’s first 737 MAX, providing another indication that MAX deliveries are expanding. The Tajikistan carrier plans to use the 737-8 to modernize its fleet and grow its network. Somon Air Receives Its First Boeing 737 MAX Jet
• Neutral Sentiment: Although the 737-7 is now certified, airlines may need several months to incorporate the aircraft into flight schedules, so the approval is likely to support Boeing’s medium-term outlook more than immediate revenue. FAA clears smallest Boeing 737 Max to fly after years of delays
• Neutral Sentiment: The certification follows years of delays linked to two fatal MAX crashes and quality-control problems. Investors still must monitor Boeing’s ability to maintain safety standards, execute production increases and convert approvals into consistent cash generation. Boeing Wins Certification for Long-Delayed 737 Max 7 Jet

Wall Street Analyst Weigh In

BA has been the subject of a number of research reports. Tigress Financial raised their price objective on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Royal Bank Of Canada decreased their price target on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Robert W. Baird set a $300.00 price target on shares of Boeing in a research note on Wednesday, July 29th. Finally, Btg Pactual set a $260.00 price target on shares of Boeing in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $272.44.

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.