12,456 The Boeing Company $BA Shares Sold by Inscription Capital LLC

Key Points

• Inscription Capital cut its Boeing stake by 89.1%, selling 12,456 shares in the third quarter and retaining 1,517 shares valued at $282,000.
• Two Boeing directors bought shares on October 30: Mortimer Buckley acquired 5,820 shares and Steven Mollenkopf bought 2,950 shares.
• Boeing’s latest quarterly results missed earnings expectations, reporting a $0.34-per-share loss versus analysts’ expected $0.25 loss, while revenue of $24.19 billion exceeded estimates and rose 3.9% year over year.

Inscription Capital LLC decreased its holdings in The Boeing Company (NYSE:BA - Free Report) by 89.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,517 shares of the aircraft producer's stock after selling 12,456 shares during the period. Inscription Capital LLC's holdings in Boeing were worth $282,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BA. Paul R. Ried Financial Group LLC grew its position in Boeing by 0.3% in the first quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer's stock valued at $3,594,000 after acquiring an additional 49 shares during the last quarter. BlueChip Wealth Advisors LLC raised its stake in Boeing by 2.6% during the first quarter. BlueChip Wealth Advisors LLC now owns 1,945 shares of the aircraft producer's stock worth $381,000 after acquiring an additional 50 shares in the last quarter. Enterprise Financial Services Corp lifted its holdings in shares of Boeing by 1.8% in the first quarter. Enterprise Financial Services Corp now owns 2,821 shares of the aircraft producer's stock worth $561,000 after acquiring an additional 51 shares during the last quarter. Gradient Investments LLC lifted its holdings in shares of Boeing by 0.9% in the second quarter. Gradient Investments LLC now owns 5,681 shares of the aircraft producer's stock worth $1,230,000 after acquiring an additional 51 shares during the last quarter. Finally, Sandy Cove Advisors LLC lifted its holdings in shares of Boeing by 5.1% in the second quarter. Sandy Cove Advisors LLC now owns 1,076 shares of the aircraft producer's stock worth $233,000 after acquiring an additional 52 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Transactions at Boeing

In other Boeing news, Director Mortimer Buckley purchased 5,820 shares of the firm's stock in a transaction on Friday, October 30th. The stock was purchased at an average cost of $171.55 per share, for a total transaction of $998,421.00. Following the acquisition, the director owned 10,250 shares in the company, valued at approximately $1,758,387.50. The trade was a 131.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Mollenkopf acquired 2,950 shares of the stock in a transaction dated Friday, October 30th. The stock was acquired at an average cost of $173.03 per share, with a total value of $510,438.50. Following the completion of the transaction, the director owned 6,717 shares in the company, valued at approximately $1,162,242.51. This represents a 78.31% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.10% of the company's stock.

Boeing Trading Up 0.0%

NYSE:BA opened at $173.44 on Monday. The Boeing Company has a 52 week low of $165.01 and a 52 week high of $254.35. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.34 and a current ratio of 1.13. The firm's fifty day moving average is $192.39 and its 200-day moving average is $215.41. The firm has a market cap of $137.44 billion, a P/E ratio of 18.87 and a beta of 1.34.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.25) by ($0.09). The firm had revenue of $24.19 billion for the quarter, compared to the consensus estimate of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. Boeing's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the business earned ($7.47) EPS. Equities analysts expect that The Boeing Company will post -1.84 earnings per share for the current year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Avolon ordered 140 Boeing 737-10 jets, a record order that reinforces demand for Boeing’s largest 737 variant and adds to its backlog. Boeing Looks 8% Overvalued Following Avolon’s Order
• Positive Sentiment: Two directors bought Boeing shares after the stock’s decline, while a report also cited positive free cash flow. Those signals may bolster confidence, though they do not resolve operational challenges. Boeing Has the Orders, the Cash Flow, and Insider Buyers
• Neutral Sentiment: A valuation analysis said Boeing shares looked about 8% overvalued despite the Avolon order, reflecting concerns about the company’s recent performance and delivery outlook. Boeing Valuation Analysis
• Negative Sentiment: Boeing reportedly delivered 32 MAX jets in October, its lowest monthly total in nearly a year. Fewer deliveries could weigh on revenue and complicate the production recovery. October MAX Deliveries
• Negative Sentiment: The FAA is scrutinizing Dreamliner wing issues, adding a potential quality-control and regulatory overhang that could raise the risk of delays or added costs. FAA Scrutiny of Dreamliner Wings

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BA. TD Cowen reduced their price target on shares of Boeing from $240.00 to $210.00 and set a "buy" rating on the stock in a research note on Wednesday, October 28th. Barclays lowered their price objective on shares of Boeing from $300.00 to $250.00 and set an "overweight" rating for the company in a research report on Wednesday, October 28th. 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 note on Tuesday, August 11th. Jefferies Financial Group downgraded shares of Boeing from a "buy" rating to a "hold" rating in a research note on Wednesday, October 28th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Boeing in a research report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $247.88.

Boeing Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world.

Boeing's defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.

Founded in 1916 by William Boeing, the company has grown into a global aerospace business serving customers across the Americas, Europe, Asia and other regions.

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