29,275 Shares in The Boeing Company $BA Acquired by Edmond DE Rothschild Holding S.A.

Edmond DE Rothschild Holding S.A. bought a new stake in The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 29,275 shares of the aircraft producer’s stock, valued at approximately $6,337,000.

Other institutional investors also recently added to or reduced their stakes in the company. United Bank purchased a new stake in shares of Boeing in the 2nd quarter valued at approximately $1,552,000. Madison Asset Management LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at $496,000. Csenge Advisory Group purchased a new stake in shares of Boeing during the 2nd quarter worth $478,000. AssuredPartners Investment Advisors LLC acquired a new position in shares of Boeing during the second quarter worth $1,868,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Boeing during the second quarter worth $161,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $221.79 on Thursday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The firm’s fifty day moving average price is $222.33 and its 200 day moving average price is $222.44. The firm has a market cap of $175.30 billion, a price-to-earnings ratio of 96.01 and a beta of 1.21.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 firm had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned ($1.24) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -0.87 EPS for the current year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BA. Barclays cut Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. Citigroup cut Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. BNP Paribas Exane upgraded Boeing from an “underperform” rating to an “outperform” rating and increased their price objective for the company from $230.00 to $300.00 in a report on Monday, August 3rd. Royal Bank Of Canada cut their target price on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group cut Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.

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.