The Boeing Company $BA Shares Sold by Equitable Trust Co.

Equitable Trust Co. reduced its stake in The Boeing Company (NYSE:BA) by 13.3% during the 1st quarter, HoldingsChannel.com reports. The firm owned 21,208 shares of the aircraft producer’s stock after selling 3,253 shares during the period. Equitable Trust Co.’s holdings in Boeing were worth $4,221,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Summit Securities Group LLC acquired a new position in shares of Boeing in the 1st quarter valued at $251,000. Accredited Investors Inc. raised its stake in Boeing by 74.1% during the 1st quarter. Accredited Investors Inc. now owns 2,507 shares of the aircraft producer’s stock worth $499,000 after acquiring an additional 1,067 shares in the last quarter. Roman Butler Fullerton & Co. raised its stake in Boeing by 4.3% during the 1st quarter. Roman Butler Fullerton & Co. now owns 2,072 shares of the aircraft producer’s stock worth $451,000 after acquiring an additional 85 shares in the last quarter. SkyOak Wealth LLC purchased a new stake in Boeing in the first quarter valued at $241,000. Finally, First Horizon Corp lifted its position in Boeing by 1.2% in the first quarter. First Horizon Corp now owns 5,570 shares of the aircraft producer’s stock valued at $1,109,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. Morgan Stanley boosted their target price on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Citigroup upped their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Wells Fargo & Company assumed coverage on Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price target on the stock. Finally, Tigress Financial lifted their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $261.61.

Insider Buying and Selling

In other news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director owned 1,370 shares in the company, valued at $299,345. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s smallest 737 MAX model is reportedly nearing FAA certification after years of delays, a long-awaited milestone that could help the company expand deliveries and improve investor confidence in its production recovery. Article Title
• Positive Sentiment: Boeing also announced partnerships tied to aviation innovation and sustainable aviation fuel, including a collaboration with Bahir Dar University and an MoU with Indonesia’s Pertamina, which supports its long-term growth and ESG positioning. Article Title Article Title
• Positive Sentiment: Some commentary points to rising 737 MAX production and improved deliveries as signs that Boeing’s operating momentum is still building, with analysts arguing the stock may still be undervalued. Article Title
• Neutral Sentiment: Investor attention remains high around Boeing, suggesting the market is closely watching for the next catalyst, but this alone is not a fundamental driver. Article Title
• Negative Sentiment: German investigators linked a misplaced locking pin to the Frankfurt nose-gear collapse involving a Boeing 787, renewing safety concerns and headline risk for the stock. Article Title
• Negative Sentiment: Separate reports on recent 737 MAX incidents at Southwest revived scrutiny of Boeing’s quality-control and safety record, which can pressure sentiment even when production trends improve. Article Title
• Negative Sentiment: Another Reuters item said NATO chose Saab over Boeing for a contract, a competitive loss that adds to concerns about Boeing’s pipeline in defense. Article Title

Boeing Trading Down 0.8%

NYSE:BA opened at $223.12 on Friday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The stock’s 50 day simple moving average is $223.31 and its 200-day simple moving average is $224.80. The firm has a market cap of $175.89 billion, a P/E ratio of 108.31 and a beta of 1.21.

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