9,005 Shares in The Boeing Company $BA Acquired by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. acquired a new stake in The Boeing Company (NYSE:BA) during the 2nd quarter, HoldingsChannel reports. The firm acquired 9,005 shares of the aircraft producer’s stock, valued at approximately $1,949,000.

Other institutional investors also recently modified their holdings of the company. XML Financial LLC increased its stake in shares of Boeing by 0.5% in the fourth quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock worth $1,933,000 after acquiring an additional 43 shares during the last quarter. North Star Investment Management Corp. boosted its position in Boeing by 1.6% during the fourth quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock valued at $615,000 after purchasing an additional 44 shares during the last quarter. Strait & Sound Wealth Management LLC grew its stake in Boeing by 1.1% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer’s stock valued at $850,000 after purchasing an additional 44 shares in the last quarter. B.O.S.S. Retirement Advisors LLC grew its stake in Boeing by 1.4% in the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock valued at $632,000 after purchasing an additional 44 shares in the last quarter. Finally, PKS Advisory Services LLC increased its position in Boeing by 2.5% in the 4th quarter. PKS Advisory Services LLC now owns 1,839 shares of the aircraft producer’s stock worth $399,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Royal Bank Of Canada reduced their target price on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Sanford C. Bernstein initiated coverage on shares of Boeing in a research note on Tuesday, August 11th. They set an “outperform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Boeing Price Performance

NYSE BA opened at $221.79 on Thursday. 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 company has a fifty day simple moving average of $222.33 and a 200 day simple moving average of $222.44. The company has a market cap of $175.30 billion, a P/E ratio of 96.01 and a beta of 1.21. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter last year, the business earned ($1.24) EPS. The business’s revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts predict that The Boeing Company will post -0.87 EPS for the current year.

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.