Meridian Wealth Management LLC raised its position in shares of The Boeing Company (NYSE:BA – Free Report) by 25.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,149 shares of the aircraft producer’s stock after purchasing an additional 2,431 shares during the quarter. Meridian Wealth Management LLC’s holdings in Boeing were worth $2,650,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in Boeing during the 3rd quarter valued at about $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $26,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $28,000. Finally, American National Bank & Trust boosted its holdings in shares of 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 acquiring an additional 77 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on BA. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. UBS Group raised their price target on shares of Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. raised their price target on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Citigroup dropped their price target on shares of Boeing from $290.00 to $256.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Finally, Susquehanna reaffirmed a “positive” rating and set a $280.00 price target on shares of Boeing in a report on Thursday, January 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $259.60.
Insider Activity
In other 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 sale, the executive vice president owned 19,015 shares in the company, valued at $4,445,326.70. This trade represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mortimer J. Buckley purchased 2,230 shares of Boeing stock in a transaction that occurred on Tuesday, March 3rd. The stock was acquired at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the transaction, the director directly owned 4,430 shares of the company’s stock, valued at $993,206. The trade was a 101.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.
Boeing Price Performance
NYSE:BA opened at $237.02 on Wednesday. The stock has a market cap of $186.84 billion, a PE ratio of 115.06 and a beta of 1.21. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The business’s 50-day simple moving average is $217.41 and its two-hundred day simple moving average is $218.14.
Boeing (NYSE:BA – Get Free Report) last released 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 company had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.49) EPS. As a group, analysts forecast that The Boeing Company will post -0.15 EPS for the current fiscal year.
Key Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Boeing reported a surge in April net new orders, booking 135 orders, which was nearly as many as it had in the first three months of the year combined. That suggests improving demand and supports the company’s turnaround story. Reuters: Boeing’s new order bookings surge in April
- Positive Sentiment: Wall Street is hopeful Boeing could land a major China aircraft order during President Trump’s visit, potentially including more than 500 planes. A deal of that size would materially boost Boeing’s backlog and reinforce confidence in the commercial aerospace recovery. MarketWatch: Boeing could finally reignite its China business
- Positive Sentiment: Boeing CEO Kelly Ortberg is expected to join the U.S. delegation to China, adding to investor hopes that the company could benefit from trade discussions and aircraft-buying commitments. Yahoo Finance: Boeing China Megadeal Could Recast Backlog
- Neutral Sentiment: Mobix Labs said it won additional Boeing 737NG-related aerospace business. That is a small supplier-level development and is unlikely to move Boeing’s stock on its own. Yahoo Finance: Mobix Labs Wins Additional Boeing 737 Aerospace Order
- Negative Sentiment: Investors were disappointed that April aircraft deliveries missed expectations, raising concerns that Boeing may need a stronger delivery pace in coming months to meet full-year targets. Barron’s: Boeing Stock Falls. Why Investors Were Looking For More From April Deliveries.
- Negative Sentiment: New lawsuit headlines tied to the 737 MAX program are adding legal and reputational overhang, reinforcing investor concern about ongoing operational and liability risks. TipRanks: Boeing stock sinks as LOT Polish Airlines sues
About Boeing
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.
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