The Boeing Company $BA Stock Holdings Reduced by Inscription Capital LLC

Inscription Capital LLC reduced its stake in The Boeing Company (NYSE:BA) by 89.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,517 shares of the aircraft producer’s stock after selling 12,456 shares during the quarter. Inscription Capital LLC’s holdings in Boeing were worth $282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Jupiter Topco LLC bought a new position in shares of Boeing during the 2nd quarter worth about $911,878,000. Bank of New York Mellon Corp bought a new stake in Boeing in the 2nd quarter valued at about $747,763,000. Legal & General Group Plc bought a new stake in Boeing in the 2nd quarter valued at about $710,816,000. Deutsche Bank AG acquired a new position in Boeing during the 2nd quarter worth approximately $539,456,000. Finally, Swiss National Bank raised its stake in Boeing by 7.6% during the 1st quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock worth $457,386,000 after buying an additional 163,000 shares during the period. 64.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Boeing

In related news, Director Steven M. Mollenkopf acquired 2,950 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The shares were acquired at an average price of $173.03 per share, with a total value of $510,438.50. Following the acquisition, the director owned 6,717 shares of the company’s stock, valued at approximately $1,162,242.51. This trade represents a 78.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mortimer J. Buckley bought 5,820 shares of the business’s stock in a transaction on Friday, October 30th. The stock was bought at an average price of $171.55 per share, with a total value of $998,421.00. Following the purchase, the director owned 10,250 shares in the company, valued at $1,758,387.50. This trade represents a 131.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on BA. Wall Street Zen lowered shares of Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, October 24th. Tigress Financial increased their price target on Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Sanford C. Bernstein decreased their price objective on shares of Boeing from $278.00 to $223.00 and set an “outperform” rating for the company in a report on Thursday, October 29th. Wolfe Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Thursday, September 24th. Finally, Roth Capital cut Boeing to a “neutral” rating in a research note on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average target price of $247.88.

Boeing Stock Up 0.0%

Boeing stock opened at $173.44 on Monday. The Boeing Company has a 1-year low of $165.01 and a 1-year high of $254.35. The firm has a market capitalization of $137.44 billion, a price-to-earnings ratio of 18.87 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 0.34 and a debt-to-equity ratio of 6.31. The firm has a 50 day simple moving average of $192.39 and a 200 day simple moving average of $215.41.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The business had revenue of $24.19 billion for the quarter, compared to the consensus estimate of $23.95 billion. Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned ($7.47) EPS. On average, analysts predict that The Boeing Company will post -1.84 earnings per share for the current year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Avolon ordered 140 Boeing 737-10 jets, a record order that reinforces demand for Boeing’s largest 737 variant and adds to its backlog. Boeing Looks 8% Overvalued Following Avolon’s Order
• Positive Sentiment: Two directors bought Boeing shares after the stock’s decline, while a report also cited positive free cash flow. Those signals may bolster confidence, though they do not resolve operational challenges. Boeing Has the Orders, the Cash Flow, and Insider Buyers
• Neutral Sentiment: A valuation analysis said Boeing shares looked about 8% overvalued despite the Avolon order, reflecting concerns about the company’s recent performance and delivery outlook. Boeing Valuation Analysis
• Negative Sentiment: Boeing reportedly delivered 32 MAX jets in October, its lowest monthly total in nearly a year. Fewer deliveries could weigh on revenue and complicate the production recovery. October MAX Deliveries
• Negative Sentiment: The FAA is scrutinizing Dreamliner wing issues, adding a potential quality-control and regulatory overhang that could raise the risk of delays or added costs. FAA Scrutiny of Dreamliner Wings

Boeing Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world.

Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.

Founded in 1916 by William Boeing, the company has grown into a global aerospace business serving customers across the Americas, Europe, Asia and other regions.