10,623 Shares in The Boeing Company $BA Purchased by Simplicity Wealth LLC

Key Points

• Simplicity Wealth LLC purchased 10,623 Boeing shares during the second quarter, valued at approximately $2.3 million. Institutional investors collectively own 64.82% of Boeing’s stock.
• Boeing shares opened at $231.50, with a market capitalization of about $183 billion. The company’s latest quarterly results missed earnings expectations, reporting a $0.76 loss per share versus the $0.34 consensus estimate, although revenue rose 8% year over year to $24.56 billion.
• Analyst sentiment remains cautiously positive, with Boeing holding a “Moderate Buy” consensus rating and an average price target of $272.58. Recent potential catalysts include expanded Pentagon missile-component agreements, the sale of several non-core businesses to Archer Aviation, and continued demand for 737 aircraft.

Simplicity Wealth LLC purchased a new stake in The Boeing Company (NYSE:BA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,623 shares of the aircraft producer's stock, valued at approximately $2,299,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer's stock valued at $15,413,227,000 after buying an additional 3,460,021 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Boeing during the second quarter worth $747,763,000. Alyeska Investment Group L.P. boosted its position in shares of Boeing by 245.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer's stock valued at $489,052,000 after acquiring an additional 1,600,909 shares during the period. Janus Henderson Group PLC increased its position in Boeing by 43.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer's stock worth $840,204,000 after acquiring an additional 1,176,074 shares during the period. Finally, Viking Global Investors LP raised its stake in 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 purchasing an additional 942,536 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Boeing stock opened at $231.50 on Monday. The stock has a 50-day moving average price of $221.70 and a two-hundred day moving average price of $222.79. The company has a market capitalization of $182.97 billion, a PE ratio of 100.21 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. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.Boeing's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned ($1.24) earnings per share. Analysts expect that The Boeing Company will post -0.87 EPS for the current year.

Analyst Ratings Changes

BA has been the topic of several recent research reports. The Goldman Sachs Group cut shares of Boeing from a "buy" rating to a "hold" rating in a report on Tuesday, August 11th. William Blair reissued an "outperform" rating on shares of Boeing in a report on Tuesday, July 28th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Boeing in a research note on Tuesday, July 21st. Sanford C. Bernstein started coverage on shares of Boeing in a report on Tuesday, August 11th. They issued an "outperform" rating on the stock. Finally, UBS Group initiated coverage on shares of Boeing in a research note on Tuesday, August 11th. They issued a "buy" rating on the stock. One 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's stock. According to data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average target price of $272.58.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
• Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
• Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
• Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
• Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

Insider Activity

In other news, Director Bradley D. Tilden bought 1,370 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

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.

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