WealthPlan Investment Management LLC Purchases Shares of 3,196 The Boeing Company $BA

WealthPlan Investment Management LLC purchased a new stake in The Boeing Company (NYSE:BA) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 3,196 shares of the aircraft producer’s stock, valued at approximately $694,000.

Other institutional investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing in the third quarter valued at $25,000. Ares Financial Consulting LLC acquired a new stake in Boeing during the 4th quarter valued at $26,000. Strategic Wealth Advisors LLC acquired a new stake in Boeing during the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Boeing during the 4th quarter valued at $28,000. Finally, American National Bank & Trust raised its stake in Boeing by 124.2% during the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 77 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Royal Bank Of Canada boosted their target price on shares of Boeing from $265.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Argus raised shares of Boeing to a “hold” rating in a research note on Monday, February 2nd. Finally, Wells Fargo & Company assumed coverage on shares of Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $259.60.

Insider Transactions at Boeing

In other Boeing news, Director Mortimer J. Buckley acquired 2,230 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the completion of the acquisition, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. This trade represents a 101.36% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the completion of the sale, the senior vice president owned 13,978 shares of the company’s stock, valued at $3,401,825.86. This represents a 31.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China’s reported agreement to buy 200 Boeing aircraft is still a meaningful commercial win and could help Boeing’s backlog and long-term sales outlook. Reuters: Trump says China to potentially buy 750 Boeing planes
• Positive Sentiment: Trump suggested the initial commitment could grow substantially, raising the possibility of a much larger follow-on order if talks progress. NYT/related coverage: Trump Announces Boeing Jet Order From China. Beijing Stays Silent.
• Neutral Sentiment: The deal remains vague, with no clear confirmation from Beijing and limited information on delivery timing, making it hard for investors to assess the financial impact. Bloomberg: Boeing Gets China Deal at Trump’s Visit, With Many Questions
• Negative Sentiment: The market had been expecting a much bigger order, so the reported 200-jet commitment disappointed traders and triggered a selloff in the shares. MarketWatch: Boeing’s stock drops as Trump’s order deal with China disappoints
• Negative Sentiment: Separate headlines about a $49.5 million jury verdict tied to the 737 Max crash add to Boeing’s ongoing legal and reputational overhang. Fortune: Jury awards $49.5 million to family of 24-year-old who died in Boeing 737 Max crash in 2019

Boeing Trading Up 0.1%

NYSE BA opened at $220.63 on Monday. 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 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The company has a market capitalization of $173.92 billion, a PE ratio of 107.10 and a beta of 1.21. The firm’s fifty day simple moving average is $217.61 and its 200-day simple moving average is $218.34.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same period last year, the company posted ($0.49) earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

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.