Bell & Brown Wealth Advisors LLC Purchases New Position in The Boeing Company $BA

Key Points

• Bell & Brown Wealth Advisors purchased 36,875 Boeing shares worth approximately $7.98 million, making Boeing its 13th-largest holding and 2.4% of its portfolio. Institutional investors collectively own 64.82% of the company.
• Analyst sentiment remains mixed: Barclays downgraded Boeing to underweight and UBS initiated coverage with a buy rating, while the broader analyst consensus is Moderate Buy with a $272.58 price target.
• Boeing reported a second-quarter EPS loss of $0.76, missing estimates, although revenue rose 8% year over year to $24.56 billion. Shares opened at $221.79, near their 50-day and 200-day moving averages.

Bell & Brown Wealth Advisors LLC purchased a new position in shares of The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 36,875 shares of the aircraft producer's stock, valued at approximately $7,982,000. Boeing makes up 2.4% of Bell & Brown Wealth Advisors LLC's portfolio, making the stock its 13th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Princeton Capital Management LLC increased its position in Boeing by 78.3% during the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer's stock worth $2,660,000 after buying an additional 5,381 shares in the last quarter. Rakuten Investment Management Inc. increased its holdings in Boeing by 502.3% in the 4th quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer's stock valued at $22,398,000 after purchasing an additional 85,982 shares in the last quarter. Louisiana State Employees Retirement System purchased a new position in Boeing in the 1st quarter worth approximately $7,961,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Boeing by 103.8% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer's stock valued at $2,237,000 after purchasing an additional 5,726 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of Boeing by 47.5% during the fourth quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer's stock worth $515,930,000 after acquiring an additional 765,197 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays lowered shares of Boeing from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, August 11th. Weiss Ratings restated a "sell (d+)" rating on shares of Boeing in a research report on Tuesday, July 21st. UBS Group began coverage on Boeing in a research note on Tuesday, August 11th. They set a "buy" rating for the company. Royal Bank Of Canada reduced their price target on Boeing from $275.00 to $265.00 and set an "outperform" rating for the company in a research report on Wednesday, July 29th. Finally, Tigress Financial increased their price target on shares of Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus price target of $272.58.

Boeing Stock Down 0.6%

BA opened at $221.79 on Thursday. The firm has a market cap of $175.30 billion, a price-to-earnings ratio of 96.01 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The firm's 50-day simple moving average is $222.33 and its 200-day simple moving average is $222.44. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35.

Boeing (NYSE:BA - Get Free Report) last announced 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). The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.Boeing's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.24) earnings per share. Equities research analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal year.

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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