Meridian Wealth Management LLC Grows Holdings in The Boeing Company $BA

Meridian Wealth Management LLC grew its stake in The Boeing Company (NYSE:BA) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,149 shares of the aircraft producer’s stock after buying an additional 2,431 shares during the period. Meridian Wealth Management LLC’s holdings in Boeing were worth $2,650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of BA. Fisher Asset Management LLC grew its holdings in shares of Boeing by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after purchasing an additional 177,597 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Boeing by 41.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock valued at $48,316,000 after purchasing an additional 65,216 shares during the last quarter. Xcel Wealth Management LLC grew its holdings in shares of Boeing by 12.1% during the 3rd quarter. Xcel Wealth Management LLC now owns 49,230 shares of the aircraft producer’s stock valued at $10,625,000 after purchasing an additional 5,327 shares during the last quarter. Granite Investment Partners LLC grew its holdings in shares of Boeing by 1,984.0% during the 3rd quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock valued at $6,787,000 after purchasing an additional 29,939 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Boeing during the 4th quarter valued at $55,787,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Morgan Stanley increased their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. increased their price target on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Finally, TD Cowen reissued a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $259.60.

Boeing Stock Down 0.5%

Shares of NYSE BA opened at $237.02 on Wednesday. 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 firm has a fifty day simple moving average of $217.41 and a two-hundred day simple moving average of $218.14. The firm has a market capitalization of $186.84 billion, a PE ratio of 115.06 and a beta of 1.21. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35.

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

Insider Buying and Selling

In other Boeing news, Director Mortimer J. Buckley purchased 2,230 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the purchase, the director directly owned 4,430 shares in the company, valued at $993,206. The trade was a 101.36% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Uma M. Amuluru sold 1,503 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total transaction of $351,371.34. Following the completion of the transaction, the executive vice president owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. The trade was a 7.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.10% of the stock is owned by company insiders.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported a surge in April net new orders, booking 135 orders, which was nearly as many as it had in the first three months of the year combined. That suggests improving demand and supports the company’s turnaround story. Reuters: Boeing’s new order bookings surge in April
• Positive Sentiment: Wall Street is hopeful Boeing could land a major China aircraft order during President Trump’s visit, potentially including more than 500 planes. A deal of that size would materially boost Boeing’s backlog and reinforce confidence in the commercial aerospace recovery. MarketWatch: Boeing could finally reignite its China business
• Positive Sentiment: Boeing CEO Kelly Ortberg is expected to join the U.S. delegation to China, adding to investor hopes that the company could benefit from trade discussions and aircraft-buying commitments. Yahoo Finance: Boeing China Megadeal Could Recast Backlog
• Neutral Sentiment: Mobix Labs said it won additional Boeing 737NG-related aerospace business. That is a small supplier-level development and is unlikely to move Boeing’s stock on its own. Yahoo Finance: Mobix Labs Wins Additional Boeing 737 Aerospace Order
• Negative Sentiment: Investors were disappointed that April aircraft deliveries missed expectations, raising concerns that Boeing may need a stronger delivery pace in coming months to meet full-year targets. Barron’s: Boeing Stock Falls. Why Investors Were Looking For More From April Deliveries.
• Negative Sentiment: New lawsuit headlines tied to the 737 MAX program are adding legal and reputational overhang, reinforcing investor concern about ongoing operational and liability risks. TipRanks: Boeing stock sinks as LOT Polish Airlines sues

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.