Axxcess Wealth Management LLC Has $20.62 Million Stock Holdings in The Boeing Company $BA

Axxcess Wealth Management LLC lifted its position in shares of The Boeing Company (NYSE:BA) by 324.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 94,960 shares of the aircraft producer’s stock after acquiring an additional 72,611 shares during the period. Axxcess Wealth Management LLC’s holdings in Boeing were worth $20,618,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Midwest Financial Partners Investments Inc. acquired a new position in Boeing in the fourth quarter valued at about $399,000. Diamant Asset Management Inc. grew its position in Boeing by 7.3% in the fourth quarter. Diamant Asset Management Inc. now owns 4,423 shares of the aircraft producer’s stock valued at $960,000 after acquiring an additional 300 shares during the last quarter. Pinnbrook Capital Management LP bought a new position in Boeing in the fourth quarter valued at about $3,987,000. Newport Trust Company LLC grew its position in Boeing by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after acquiring an additional 286,848 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Boeing by 2.9% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 3,301 shares of the aircraft producer’s stock worth $717,000 after purchasing an additional 94 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $219.18 on Friday. The business’s 50-day moving average price is $217.34 and its two-hundred day moving average price is $218.62. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The stock has a market cap of $172.78 billion, a P/E ratio of 106.40 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.

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 business had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the previous year, the business earned ($0.49) EPS. The business’s revenue was up 14.0% on a year-over-year basis. As a group, equities analysts predict that The Boeing Company will post -0.15 EPS for the current fiscal year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China confirmed a 200-aircraft Boeing order as part of broader U.S.-China trade talks, reopening a major market for Boeing after a prolonged freeze and improving near-term demand visibility. Beijing Confirms Boeing Aircraft Order Following Trump’s China Visit—Xi Jinping Seeks To End $30 Billion In Reciprocal Tariffs With US
• Positive Sentiment: Citi reportedly called the recent selloff in Boeing a buying opportunity and raised its price target to $260, signaling confidence in the company’s recovery. Citi calls Boeing selloff a ‘gift’ and lifts BA target to $260
• Positive Sentiment: Director Bradley D. Tilden bought 1,370 shares, a vote of confidence from an insider that can help support sentiment. SEC insider filing
• Neutral Sentiment: Boeing is also benefiting from a growing backlog and defense-related revenue visibility, which supports the long-term recovery case but is not an immediate catalyst. Is Boeing’s Growing Backlog Strengthening Its Recovery Prospects?
• Negative Sentiment: Reports that certification for the 777X is more complicated than expected, including greater focus on “hot brakes,” are weighing on the stock by renewing concerns about delays and execution risk. Hot Brakes a Bigger Part of 777X Certification Than Expected, Boeing Stock (NYSE:BA) Slips
• Negative Sentiment: Some investors were disappointed that the China deal was for 200 jets rather than the much larger order they had hoped for, which may be limiting upside in the shares. Fresh China deal gives hope for whipsawed Boeing shares

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wells Fargo & Company started coverage on Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. Vertical Research reiterated a “buy” rating and set a $281.00 price target on shares of Boeing in a report on Tuesday, January 27th. Finally, TD Cowen reiterated a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $259.80.

Insider Activity

In other news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 1,503 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.10% of the company’s stock.

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.