Corient Private Wealth LP Purchases New Position in The Boeing Company $BA

Corient Private Wealth LP acquired a new stake in The Boeing Company (NYSE:BA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 493,154 shares of the aircraft producer’s stock, valued at approximately $106,751,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. XML Financial LLC lifted its holdings in shares of Boeing by 0.5% in the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after purchasing an additional 43 shares during the last quarter. North Star Investment Management Corp. grew its stake in Boeing by 1.6% during the 4th quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock worth $615,000 after buying an additional 44 shares during the last quarter. Strait & Sound Wealth Management LLC increased its position in Boeing by 1.1% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer’s stock worth $850,000 after buying an additional 44 shares during the period. B.O.S.S. Retirement Advisors LLC lifted its stake in Boeing by 1.4% in the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock valued at $632,000 after buying an additional 44 shares during the last quarter. Finally, PKS Advisory Services LLC lifted its stake in Boeing by 2.5% in the fourth quarter. PKS Advisory Services LLC now owns 1,839 shares of the aircraft producer’s stock valued at $399,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of a number of research reports. The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Cantor Fitzgerald downgraded shares of Boeing to a “neutral” rating in a research report on Tuesday, August 11th. BNP Paribas Exane upgraded shares of Boeing from an “underperform” rating to an “outperform” rating and increased their price target for the stock from $230.00 to $300.00 in a research note on Monday, August 3rd. Royal Bank Of Canada lowered their price objective on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Finally, Barclays lowered shares of Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued 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 target price of $272.58.

Boeing Trading Up 0.7%

Shares of BA stock opened at $212.48 on Thursday. The business’s 50 day moving average is $221.15 and its two-hundred day moving average is $221.68. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a market capitalization of $167.94 billion, a P/E ratio of 91.98 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last released its 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). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company had revenue of $24.56 billion during the quarter, compared to analyst estimates of $24.26 billion. During the same period in the previous year, the firm posted ($1.24) EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts forecast that The Boeing Company will post -0.87 EPS for the current year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Bernstein initiated or reiterated a Buy view on Boeing, providing support for the stock despite recent operational concerns. Boeing Gets a Buy from Bernstein
• Positive Sentiment: Boeing and RTX won approximately $766 million in U.S. Air Force contracts tied to B-52 modernization. The award reinforces Boeing’s defense exposure and provides incremental backlog and revenue visibility. Boeing and RTX Win B-52 Modernization Contracts
• Positive Sentiment: The market continues to focus on Boeing’s potential $131.23 billion F-15 Eagle contract ceiling, which could support defense revenue through 2037 and include modernization, sustainment, and foreign military sales. However, the indefinite-delivery/indefinite-quantity award is a maximum authorization—not guaranteed revenue—and only about $344,000 was initially funded. F-15 Eagle Contract Announcement
• Positive Sentiment: Some valuation analysis argues Boeing may be undervalued after a roughly 10% annual decline, citing long-term defense contracts and technology partnerships as potential cash-flow catalysts. Execution remains the key risk. Boeing Stock Could Be Undervalued

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.