Mather Group LLC. increased its stake in The Boeing Company (NYSE:BA – Free Report) by 347.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 23,183 shares of the aircraft producer’s stock after acquiring an additional 18,000 shares during the period. Mather Group LLC.’s holdings in Boeing were worth $4,313,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of BA. Highland Investment Advisors LLC bought a new stake in Boeing during the 2nd quarter valued at approximately $26,000. Wealth Preservation Advisors LLC raised its position in shares of Boeing by 66.7% in the 4th quarter. Wealth Preservation Advisors LLC now owns 125 shares of the aircraft producer’s stock worth $27,000 after acquiring an additional 50 shares in the last quarter. Strategic Wealth Advisors LLC bought a new position in shares of Boeing in the 2nd quarter worth approximately $27,000. Retirement Wealth Solutions LLC lifted its stake in shares of Boeing by 3,575.0% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock valued at $27,000 after purchasing an additional 143 shares during the period. Finally, Bayban purchased a new position in shares of Boeing in the 4th quarter valued at approximately $29,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Boeing
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: Strike risk was reduced. Boeing reached new contracts with its engineers, helping avert a potential labor strike and removing a near-term disruption risk for production and deliveries. Boeing Fell Back Below $200 Ahead of a Strike Deadline
- Positive Sentiment: Possible airline orders provided support. Southwest is reportedly considering a Boeing purchase, while Cathay Pacific plans discussions with Boeing and Airbus about a potential wide-body order. These developments could strengthen Boeing’s backlog and future revenue outlook. Boeing Stock Gains as Southwest Considers Buy
- Positive Sentiment: Commercial deliveries remain a key recovery indicator. Boeing delivered 161 commercial aircraft in the third quarter, including 124 737s, ahead of upcoming earnings. Continued delivery improvement could support cash flow and execution expectations. What’s Going On With Boeing Stock Wednesday?
- Positive Sentiment: Analyst support remains. Barclays initiated coverage with an overweight rating, and RBC retained its outperform rating despite reducing its price target to $235. Barclays Initiates Coverage of Boeing
- Neutral Sentiment: U.S. officials are meeting with Boeing and GE executives about aircraft-certification reform, which could eventually streamline approvals but has not yet produced a specific financial benefit. Aircraft Certification Reform Meeting
- Negative Sentiment: Risk concerns remain prominent. RBC cited lingering defense-budget uncertainty in cutting its target, while another analysis assigned Boeing a 32/100 risk-reward score and a sell rating. Bearish chart signals and Boeing’s high leverage add to investor caution. Boeing Price Target Slashed by RBC
Analyst Ratings Changes
BA has been the topic of several research reports. Royal Bank Of Canada dropped their price target on Boeing from $265.00 to $235.00 and set an “outperform” rating on the stock in a research report on Thursday. Bank of America reiterated a “buy” rating and issued a $270.00 price objective on shares of Boeing in a report on Friday, September 18th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Boeing in a research report on Sunday, September 27th. BNP Paribas Exane raised Boeing from an “underperform” rating to an “outperform” rating and raised their price objective for the company from $230.00 to $300.00 in a research report on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $244.00 to $248.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $267.96.
Check Out Our Latest Report on BA
Boeing Trading Up 2.1%
Shares of NYSE BA opened at $188.51 on Friday. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The company has a 50 day simple moving average of $205.82 and a two-hundred day simple moving average of $215.75. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.
Boeing (NYSE:BA – Get Free Report) last released its 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). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. During the same quarter in the previous year, the business posted ($1.24) earnings per share. Boeing’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts forecast that The Boeing Company will post -0.96 EPS for the current year.
About Boeing
The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.
Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.
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