Danica Pension Livsforsikringsaktieselskab Invests $56.34 Million in The Boeing Company $BA

Danica Pension Livsforsikringsaktieselskab acquired a new position in shares of The Boeing Company (NYSE:BA - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 283,098 shares of the aircraft producer's stock, valued at approximately $56,345,000. Boeing makes up approximately 1.1% of Danica Pension Livsforsikringsaktieselskab's holdings, making the stock its 21st biggest position.

Other institutional investors have also recently bought and sold shares of the company. ABN Amro Investment Solutions boosted its position in Boeing by 16.7% during the 1st quarter. ABN Amro Investment Solutions now owns 34,243 shares of the aircraft producer's stock worth $6,815,000 after acquiring an additional 4,907 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Boeing by 1.4% in the first quarter. PNC Financial Services Group Inc. now owns 342,295 shares of the aircraft producer's stock valued at $68,127,000 after purchasing an additional 4,564 shares during the last quarter. Glenview Trust Co raised its holdings in shares of Boeing by 5.2% in the first quarter. Glenview Trust Co now owns 243,403 shares of the aircraft producer's stock valued at $48,444,000 after purchasing an additional 12,089 shares during the last quarter. Cura Wealth Advisors LLC bought a new stake in shares of Boeing in the first quarter worth $208,000. Finally, Madison Asset Management LLC bought a new stake in shares of Boeing in the first quarter worth $456,000. Institutional investors own 64.82% of the company's stock.

Insiders Place Their Bets

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the 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 completion of 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 acquisition 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 company insiders.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing announced a string of major commercial wins at the Farnborough Airshow, including orders/commitments from Philippine Airlines for up to 20 787 Dreamliners, SMBC Aviation Capital for 100 737 MAX jets, Riyadh Air for 28 more 787s, Luxair for additional 737-10s, Uganda Airlines’ first-ever Boeing purchase, and MSC Air Cargo’s five 777-8 freighters, strengthening the company’s backlog and revenue outlook. Article: Boeing and Philippine Airlines Announce Commitment for up to 20 787 Dreamliner Jets
• Positive Sentiment: FAA officials said certification for the 737 MAX 7 and 737 MAX 10 is expected soon, which could help Boeing bring long-delayed variants to market and support near-term production momentum. Article: FAA says certification of Boeing 737 MAX 7, 10 expected soon
• Positive Sentiment: Emirates said it expects Boeing 777-9 deliveries in the second quarter of 2027, signaling the troubled widebody program is moving closer to certification and entry into service. Article: Emirates expects Boeing 777-9 deliveries in second quarter 2027, president says
• Neutral Sentiment: Boeing pushed the U.S. to seek transparency on a reported EU loan package to Airbus, a sign that trade tensions could resurface, but the direct stock impact is unclear. Article: Boeing asks US to intervene over record EU loan to Airbus
• Negative Sentiment: Some coverage highlighted increasing competition from Chinese aircraft makers and Airbus, while Boeing’s CEO reiterated that a new jet launch is still years away because the company needs to repair its balance sheet first. Article: Boeing and Airbus prepare for next narrow-body battle – but airlines aren't pushing for new jets yet
• Negative Sentiment: Analysts also noted Boeing may be heading into next week’s earnings report with weak earnings expectations, which could temper enthusiasm after the recent order wins. Article: Boeing (BA) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Boeing Stock Performance

Shares of BA opened at $204.75 on Wednesday. The company has a market cap of $161.40 billion, a PE ratio of 99.39 and a beta of 1.21. The firm has a 50-day moving average of $220.61 and a 200-day moving average of $224.64. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the previous year, the company posted ($0.49) earnings per share. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -0.27 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on BA shares. Morgan Stanley increased their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. Btg Pactual set a $260.00 price objective on shares of Boeing in a research note on Tuesday, July 14th. Weiss Ratings downgraded shares of Boeing from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, April 24th. Wolfe Research restated an "outperform" rating and issued a $275.00 price objective on shares of Boeing in a report on Thursday, April 23rd. Finally, Wells Fargo & Company initiated coverage on Boeing in a research report on Wednesday, April 1st. They issued an "overweight" rating and a $250.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Boeing currently has an average rating of "Moderate Buy" and a consensus target price of $261.53.

Boeing Company 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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