190,700 Shares of The Boeing Company $BA Purchased by Nan Fung Trinity HK Ltd.

Key Points

• Nan Fung Trinity HK Ltd. established a sizable Boeing position, buying 190,700 shares worth about $35.5 million in the third quarter. Boeing now represents roughly 3.4% of the firm’s portfolio.
• Analyst sentiment remains a “Moderate Buy,” with a consensus price target of $247.88, despite recent rating cuts and downgrades from some firms.
• Boeing’s latest quarterly revenue rose 3.9% year over year and topped estimates, but EPS missed expectations; the company also faces heightened safety scrutiny and legal uncertainty.

Nan Fung Trinity HK Ltd. acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 190,700 shares of the aircraft producer's stock, valued at approximately $35,480,000. Boeing accounts for approximately 3.4% of Nan Fung Trinity HK Ltd.'s portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SteelPeak Wealth LLC lifted its position in Boeing by 660.0% in the 3rd quarter. SteelPeak Wealth LLC now owns 94,976 shares of the aircraft producer's stock worth $17,670,000 after buying an additional 82,479 shares in the last quarter. McAlister Sweet & Associates Inc. boosted its stake in shares of Boeing by 57.2% during the 3rd quarter. McAlister Sweet & Associates Inc. now owns 45,420 shares of the aircraft producer's stock valued at $8,450,000 after buying an additional 16,531 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Boeing by 16.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 42,417 shares of the aircraft producer's stock valued at $9,182,000 after acquiring an additional 5,862 shares in the last quarter. T3 Companies LLC grew its holdings in shares of Boeing by 1,487.1% during the 3rd quarter. T3 Companies LLC now owns 17,458 shares of the aircraft producer's stock valued at $3,248,000 after acquiring an additional 16,358 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Boeing by 347.3% during the 3rd quarter. Mather Group LLC. now owns 23,183 shares of the aircraft producer's stock valued at $4,313,000 after acquiring an additional 18,000 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BA. Cantor Fitzgerald downgraded shares of Boeing to a "neutral" rating in a research note on Tuesday, August 11th. Rothschild & Co Redburn lifted their price objective on Boeing from $260.00 to $285.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Citigroup cut Boeing from a "buy" rating to a "sell" rating in a research report on Tuesday, August 11th. Weiss Ratings restated a "sell (d+)" rating on shares of Boeing in a research note on Monday, October 19th. Finally, Piper Sandler lowered Boeing from an "overweight" rating to a "neutral" rating in a research report on Wednesday, October 28th. One research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $247.88.

Key Stories Impacting Boeing

These are some of the BA stories that stood out recently:

• Negative Sentiment: Safety inspectors are calling for more contact with the factory floor, adding scrutiny to Boeing’s efforts to improve its safety culture. Article: Safety Inspectors Call for More Contact With Factory Floor
• Negative Sentiment: Put-option volume was about 65% above its usual level, suggesting heightened demand for downside protection, although options activity alone does not establish a bearish outlook.
• Negative Sentiment: A law firm announced an investigation into possible securities-law violations. The announcement is an allegation and does not establish wrongdoing, but may add legal and reputational uncertainty. Article: Investigation into Possible Securities-Law Violations

Insider Transactions at Boeing

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

Boeing Price Performance

Shares of BA opened at $171.53 on Friday. The firm has a market cap of $135.93 billion, a PE ratio of 18.66 and a beta of 1.34. The firm's 50 day moving average price is $189.59 and its 200 day moving average price is $213.86. 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 Boeing Company has a twelve month low of $165.01 and a twelve month high of $254.35.

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

Boeing Company 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.

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