Mission Wealth Management LP Sells 4,479 Shares of The Boeing Company $BA

Mission Wealth Management LP reduced its holdings in The Boeing Company (NYSE:BA) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,573 shares of the aircraft producer’s stock after selling 4,479 shares during the quarter. Mission Wealth Management LP’s holdings in Boeing were worth $2,513,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Purus Wealth Management LLC grew its position in shares of Boeing by 3.6% in the 4th quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock worth $256,000 after buying an additional 41 shares during the last quarter. West Wealth Group LLC grew its position in shares of Boeing by 0.6% in the 4th quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer’s stock worth $1,581,000 after buying an additional 42 shares during the last quarter. First Heartland Consultants Inc. grew its position in shares of Boeing by 1.1% in the 4th quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock worth $882,000 after buying an additional 43 shares during the last quarter. Global Financial Private Client LLC grew its position in shares of Boeing by 1.1% in the 4th quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock worth $874,000 after buying an additional 44 shares during the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of Boeing by 1.6% in the 4th quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock worth $615,000 after acquiring an additional 44 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 0.0%

NYSE BA opened at $220.54 on Tuesday. 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 twelve month low of $176.77 and a twelve month high of $254.35. The firm has a market capitalization of $173.85 billion, a PE ratio of 107.06 and a beta of 1.21. The stock’s 50 day moving average is $217.58 and its 200 day moving average is $218.32.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the prior year, the firm earned ($0.49) earnings per share. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Research analysts forecast that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Citi turned constructive on the aerospace selloff, calling it a buying opportunity and raising its price target on Boeing to $260, which supports the bullish case for the stock. Boeing Stock (NYSE:BA) Suffers Further From Deal Disappointment
• Positive Sentiment: Market commentary around Boeing’s China order highlights that it reopens a key growth market after a long absence, which could help future sales if additional orders follow. Boeing Just Got Its First Major China Order in Nearly a Decade and the Stock Is Down 7%. Here Is Why That Is the Entry
• Neutral Sentiment: Ryanair’s strong profit report reinforced healthy air-travel demand, which is generally supportive for aircraft manufacturers like Boeing, even though the airline also cited Boeing delivery delays as a headwind. Ryanair profits surge 40% to €2.26 billion despite Boeing delays and fuel crisis
• Negative Sentiment: Investor reaction has been cautious because the China order fell short of the “mega deal” speculation that had built up ahead of the announcement, weighing on sentiment for BA. Assessing Boeing’s Valuation As China’s 200 Plane Order Disappoints High Market Expectations
• Negative Sentiment: Further commentary on the deal disappointment suggests the market is still focusing on Boeing’s execution challenges and not just the headline order size. Boeing Stock (NYSE:BA) Suffers Further From Deal Disappointment

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 1,503 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the sale, the executive vice president directly owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. The trade was a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mortimer J. Buckley bought 2,230 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was bought 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 directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This represents a 101.36% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on BA shares. Royal Bank Of Canada increased their target price on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Wolfe Research restated an “outperform” rating and set a $275.00 price target on shares of Boeing in a research report on Thursday, April 23rd. Vertical Research restated a “buy” rating and set a $281.00 price target on shares of Boeing in a research report on Tuesday, January 27th. Citigroup lifted their price target on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday. Finally, Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.80.

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.