Proficio Capital Partners LLC Buys New Holdings in The Boeing Company $BA

Proficio Capital Partners LLC purchased a new position in shares of The Boeing Company (NYSE:BA) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,121 shares of the aircraft producer’s stock, valued at approximately $676,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing during the third quarter worth $25,000. Strive Financial Group LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $26,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing in the fourth quarter worth about $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in Boeing during the fourth quarter worth about $27,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Boeing stock opened at $212.48 on Thursday. The company has a fifty day simple moving average of $221.15 and a 200-day simple moving average of $221.68. The firm has a market capitalization of $167.94 billion, a price-to-earnings ratio of 91.98 and a beta of 1.21. 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.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The business had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted ($1.24) EPS. On average, equities analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal 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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. UBS Group initiated coverage on Boeing in a report on Tuesday, August 11th. They issued a “buy” rating for the company. The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Cantor Fitzgerald cut Boeing to a “neutral” rating in a research report on Tuesday, August 11th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.

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.