Cullen Capital Management LLC Takes Position in The Boeing Company $BA

Cullen Capital Management LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,818 shares of the aircraft producer’s stock, valued at approximately $1,692,000.

A number of other large investors have also recently added to or reduced their stakes in BA. Newport Trust Company LLC lifted its position in Boeing by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after buying an additional 286,848 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Boeing by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after acquiring an additional 533,753 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Boeing by 2.5% in the 4th quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock valued at $1,224,752,000 after acquiring an additional 135,860 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Boeing by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock valued at $948,905,000 after acquiring an additional 138,469 shares during the period. Finally, Viking Global Investors LP lifted its holdings in shares of Boeing by 31.3% in the 4th quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock worth $858,294,000 after acquiring an additional 942,536 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of Boeing stock opened at $210.50 on Tuesday. The business has a 50-day simple moving average of $221.74 and a 200-day simple moving average of $222.02. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a market cap of $166.37 billion, a PE ratio of 91.13 and a beta of 1.21.

Boeing (NYSE:BA) last issued its quarterly 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). The firm had revenue of $24.56 billion during 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 firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.24) EPS. On average, equities research analysts forecast that The Boeing Company will post -0.87 EPS for the current fiscal year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing received a U.S. Department of War indefinite-delivery/indefinite-quantity contract with a ceiling value of $131.23 billion to support the F-15 Eagle Crest program. Although the ceiling is not guaranteed revenue, the award strengthens Boeing’s long-term defense backlog and could provide significant future cash flow. Boeing awarded contract for F-15 program
• Positive Sentiment: Strong maritime-defense demand is supporting Boeing’s P-8 Poseidon business, including a new $156.2 million contract. The award adds evidence that Boeing’s defense segment can supplement its commercial-aircraft recovery. P-8 Poseidon defense growth
• Positive Sentiment: National Airlines accepted its fourth Boeing 777-200 Freighter, highlighting ongoing cargo-aircraft demand and supporting Boeing’s production and delivery activity. National Airlines receives Boeing 777 freighter
• Neutral Sentiment: Analysts continue to focus on Boeing’s ability to increase 737 MAX production against its substantial backlog. Higher output could improve revenue and benefit suppliers, but execution, regulatory oversight and supply-chain constraints remain important risks. Boeing production and suppliers
• Negative Sentiment: Members of the Society of Professional Engineering Employees in Aerospace reportedly rejected Boeing’s proposed agreement by a wide margin. The labor setback raises the risk of extended negotiations, higher costs or disruption to engineering and production programs. SPEEA rejects Boeing proposal
• Negative Sentiment: United Airlines is reconsidering how to use premium seats ordered for delayed 737 MAX 10 aircraft, underscoring the model’s prolonged certification and delivery delays. Continued uncertainty could weigh on Boeing’s delivery targets and customer relationships. United Airlines and 737 MAX 10 delays

Analyst Upgrades and Downgrades

BA has been the subject of a number of research analyst reports. Argus raised shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Tuesday, August 11th. Btg Pactual set a $260.00 price target on Boeing in a research note on Tuesday, July 14th. Robert W. Baird set a $300.00 price target on Boeing in a research note on Wednesday, July 29th. Barclays cut Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. Finally, The Goldman Sachs Group downgraded Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. One research 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 stock. Based on data from MarketBeat.com, Boeing 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.