Cullen Capital Management LLC Buys New Shares in The Boeing Company $BA

Cullen Capital Management LLC purchased a new position in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, Holdings Channel reports. The firm purchased 7,818 shares of the aircraft producer’s stock, valued at approximately $1,692,000.

A number of other large investors also recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing in the 3rd quarter worth about $25,000. Strive Financial Group LLC purchased a new stake in shares of Boeing during the 4th quarter worth about $25,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing during the 4th quarter worth about $26,000. Ares Financial Consulting LLC acquired a new stake in Boeing during the 4th quarter worth approximately $26,000. Finally, 1 North Wealth Services LLC acquired a new stake in Boeing during the 4th quarter worth approximately $27,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 1.7%

Shares of NYSE:BA opened at $210.50 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The company has a 50 day moving average of $221.74 and a two-hundred day moving average of $222.02. The company has a market capitalization of $166.37 billion, a price-to-earnings ratio of 91.13 and a beta of 1.21.

Boeing (NYSE:BA) last posted its quarterly earnings data 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). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. During the same quarter in the prior year, the business earned ($1.24) EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Barclays downgraded shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. Btg Pactual set a $260.00 price target on shares of Boeing in a research report on Tuesday, July 14th. Finally, Tigress Financial increased their price target on Boeing from $295.00 to $305.00 and gave the company a “buy” rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $272.58.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing received a U.S. Department of War indefinite-delivery/indefinite-quantity contract with a ceiling value of $131.23 billion to support the F-15 Eagle Crest program. Although the ceiling is not guaranteed revenue, the award strengthens Boeing’s long-term defense backlog and could provide significant future cash flow. Boeing awarded contract for F-15 program
• Positive Sentiment: Strong maritime-defense demand is supporting Boeing’s P-8 Poseidon business, including a new $156.2 million contract. The award adds evidence that Boeing’s defense segment can supplement its commercial-aircraft recovery. P-8 Poseidon defense growth
• Positive Sentiment: National Airlines accepted its fourth Boeing 777-200 Freighter, highlighting ongoing cargo-aircraft demand and supporting Boeing’s production and delivery activity. National Airlines receives Boeing 777 freighter
• Neutral Sentiment: Analysts continue to focus on Boeing’s ability to increase 737 MAX production against its substantial backlog. Higher output could improve revenue and benefit suppliers, but execution, regulatory oversight and supply-chain constraints remain important risks. Boeing production and suppliers
• Negative Sentiment: Members of the Society of Professional Engineering Employees in Aerospace reportedly rejected Boeing’s proposed agreement by a wide margin. The labor setback raises the risk of extended negotiations, higher costs or disruption to engineering and production programs. SPEEA rejects Boeing proposal
• Negative Sentiment: United Airlines is reconsidering how to use premium seats ordered for delayed 737 MAX 10 aircraft, underscoring the model’s prolonged certification and delivery delays. Continued uncertainty could weigh on Boeing’s delivery targets and customer relationships. United Airlines and 737 MAX 10 delays

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.