Korea Investment CORP Invests $89.28 Million in The Boeing Company $BA

Korea Investment CORP bought a new stake in The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 412,428 shares of the aircraft producer’s stock, valued at approximately $89,278,000.

A number of other large investors also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in Boeing during the 3rd quarter worth $25,000. Strive Financial Group LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $25,000. CrossGen Wealth LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $26,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing in the fourth quarter valued at about $26,000. Finally, 1 North Wealth Services LLC acquired a new position in shares of Boeing in the fourth quarter valued at about $27,000. Institutional investors own 64.82% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
• Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company
• Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing
• Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today
• Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress
• Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BA. William Blair reiterated an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Citigroup lowered shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. 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. Royal Bank Of Canada cut their price target on Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a research note on Wednesday, July 29th. Finally, Btg Pactual set a $260.00 price target on Boeing in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $272.58.

Boeing Trading Down 0.4%

Shares of Boeing stock opened at $214.20 on Friday. 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 12-month low of $176.77 and a 12-month high of $254.35. The company has a market capitalization of $169.30 billion, a price-to-earnings ratio of 92.73 and a beta of 1.21. The firm’s 50-day moving average price is $222.11 and its two-hundred day moving average price is $222.26.

Boeing (NYSE:BA) last issued 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 net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the previous year, the firm posted ($1.24) earnings per share. Boeing’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, analysts forecast that The Boeing Company will post -0.87 earnings per share for the current fiscal 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.