KMG Fiduciary Partners LLC Has $2.88 Million Holdings in The Boeing Company $BA

KMG Fiduciary Partners LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 21.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,313 shares of the aircraft producer’s stock after selling 3,552 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Boeing were worth $2,882,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Boeing during the third quarter worth $25,000. Strive Financial Group LLC acquired a new position in Boeing in the fourth quarter valued at $25,000. CrossGen Wealth LLC acquired a new position in Boeing in the fourth quarter valued at $26,000. Ares Financial Consulting LLC bought a new stake in Boeing during the fourth quarter valued at $26,000. Finally, 1 North Wealth Services LLC bought a new stake in Boeing during the fourth quarter valued at $27,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity

In related news, Director Bradley D. Tilden bought 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Boeing Trading Down 0.6%

NYSE:BA opened at $232.97 on Tuesday. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a market cap of $184.13 billion, a PE ratio of 100.85 and a beta of 1.21. The firm has a 50-day moving average of $220.41 and a 200-day moving average of $223.33.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. Boeing’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted ($1.24) EPS. As a group, equities research analysts expect that The Boeing Company will post -0.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BA. BNP Paribas Exane raised Boeing from an “underperform” rating to an “outperform” rating and lifted their price objective for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Btg Pactual set a $260.00 target price on Boeing in a research report on Tuesday, July 14th. Morgan Stanley raised their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. Citigroup lifted their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Finally, Robert W. Baird set a $300.00 price target on Boeing in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $273.00.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The transaction could help Boeing reduce investment requirements in noncore air-taxi operations while preserving strategic exposure through its Archer stake, board representation and a long-term technology collaboration. Boeing sells eVTOL subsidiaries, takes stake in Archer
• Positive Sentiment: Boeing receives equity rather than cash, potentially allowing it to retain upside if Archer’s eVTOL and autonomous-aviation business expands. The deal also aligns Boeing with a faster-growing partner in electric aircraft and physical-AI technologies. Archer to acquire Boeing’s Wisk and two subsidiaries
• Neutral Sentiment: Broader aircraft-industry demand remains favorable: large aircraft backlogs and engine supply constraints are supporting suppliers such as GE Aerospace and RTX, although this is an indirect read-through for Boeing and does not resolve its execution and financial challenges. Boeing and Airbus Need More Engines
• Negative Sentiment: Boeing is giving up control of Wisk Aero, SkyGrid and Insitu, including Insitu’s profitable defense-drone operations, which generate more than $200 million in annual revenue. Investors may view the sale as a loss of future growth and diversification, particularly because Boeing receives no immediate cash proceeds. Archer acquisition announcement
• Negative Sentiment: The deal reinforces concerns that Boeing is retreating from emerging aviation technologies while its core commercial-aircraft business continues to face execution, profitability and balance-sheet pressure. The Archer stake’s eventual value will depend on the startup’s ability to commercialize its aircraft. Boeing stock slips after air-taxi sale plan

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.