Bank of New York Mellon Corp Takes $747.76 Million Position in The Boeing Company $BA

Key Points

• Bank of New York Mellon acquired 3.45 million Boeing shares valued at approximately $747.8 million, giving it a 0.44% stake; institutional investors collectively own 64.82% of Boeing.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and average price target of $272.58. Recent targets include $300 from Robert W. Baird and $305 from Tigress Financial.
• Boeing shares opened at $215.22 after a 3.1% decline, while the company reported a quarterly EPS loss of $0.76, missing estimates, despite revenue rising 8% year over year to $24.56 billion. Elevated debt, potential labor disruptions and program-delivery risks remain key concerns.

Bank of New York Mellon Corp purchased a new stake in shares of The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 3,454,348 shares of the aircraft producer's stock, valued at approximately $747,763,000. Bank of New York Mellon Corp owned approximately 0.44% of Boeing at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC bought a new stake in Boeing during the third quarter valued at $25,000. Strive Financial Group LLC bought a new stake in Boeing in the 4th quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing during the fourth quarter worth approximately $26,000. CrossGen Wealth LLC acquired a new position in Boeing during the 4th quarter worth $26,000. Finally, Strategic Wealth Advisors LLC acquired a new stake in shares of Boeing during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on BA shares. UBS Group began coverage on shares of Boeing in a research report on Tuesday, August 11th. They set a "buy" rating on the stock. Sanford C. Bernstein initiated coverage on shares of Boeing in a research note on Tuesday, August 11th. They set an "outperform" rating on the stock. Robert W. Baird set a $300.00 price objective on shares of Boeing in a research note on Wednesday, July 29th. Morgan Stanley raised their target price on Boeing from $245.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, April 23rd. Finally, Tigress Financial upped their price target on Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average target price of $272.58.

Boeing Stock Down 3.1%

Shares of NYSE BA opened at $215.22 on Friday. The stock has a market cap of $170.10 billion, a PE ratio of 93.17 and a beta of 1.21. The business has a fifty day moving average of $222.21 and a two-hundred day moving average of $222.31. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14.

Boeing (NYSE:BA - Get Free Report) last posted its 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). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter last year, the firm posted ($1.24) EPS. The business's revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A aerial refueling tankers to Qatar. The deal would support Boeing’s defense backlog and international sales, although it remains subject to final agreements and congressional review. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
• Positive Sentiment: Boeing is progressing repairs and interior work on the next Air Force One aircraft, and it recently received a contract worth roughly $75 million for Air Force One parts. These developments provide defense and government-services revenue, though schedule pressure remains. Boeing advances Air Force One repairs
• Neutral Sentiment: Boeing’s partnership with Archer Aviation involves transferring Boeing-owned businesses—including Wisk Aero, Insitu and SkyGrid—in exchange for a strategic equity stake in Archer. The transaction could monetize noncore assets and preserve exposure to future aviation technology, but its near-term financial effect on BA is unclear. Archer Aviation bets big on becoming more than an air taxi company
• Negative Sentiment: The largest near-term overhang is uncertainty surrounding a contract vote by approximately 17,000 SPEEA engineers and technical workers. Rejection could lead to strike authorization after contracts expire on October 6, potentially disrupting Boeing’s recovery, certification work and production ramp. Boeing slides as labor vote uncertainty appears to outweigh recent operational progress
• Negative Sentiment: Air Force One repair work faces potential schedule threats related to windows and interior installation, reinforcing investor concerns about Boeing’s ability to execute complex programs on time and control costs.
• Negative Sentiment: Boeing’s $1.5 billion private bond financing for United Launch Alliance highlights continued capital needs and leverage concerns. With elevated debt and historically weak profitability, additional borrowing may weigh on sentiment despite supporting liquidity. A $1.5 Billion Deal: Why Boeing and Lockheed Stocks Are in Focus

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.

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