Envestnet Portfolio Solutions Inc. Has $15.68 Million Stake in The Boeing Company $BA

Key Points

• Envestnet Portfolio Solutions more than doubled its Boeing stake in the second quarter, increasing holdings by 116.8% to 72,412 shares valued at approximately $15.68 million.
• Institutional investors own 64.82% of Boeing, while the stock recently traded at $199.58. Boeing remains highly leveraged and unprofitable, with a debt-to-equity ratio of 6.77 and analysts forecasting a loss for the current year.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $270.95, though recent ratings include both upgrades and downgrades amid continuing production and execution concerns.

Envestnet Portfolio Solutions Inc. raised its holdings in The Boeing Company (NYSE:BA - Free Report) by 116.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 72,412 shares of the aircraft producer's stock after purchasing an additional 39,007 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Boeing were worth $15,675,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Premier Financial Group acquired a new stake in Boeing in the 2nd quarter valued at about $128,000. Security National Bank of SO Dak bought a new stake in shares of Boeing during the second quarter worth $30,000. Anchor Investment Management LLC lifted its stake in shares of Boeing by 1.7% during the second quarter. Anchor Investment Management LLC now owns 10,252 shares of the aircraft producer's stock valued at $2,219,000 after acquiring an additional 171 shares during the period. Bullseye Investment Management LLC acquired a new position in shares of Boeing during the second quarter valued at $47,000. Finally, Tortoise Investment Management LLC bought a new position in Boeing in the second quarter valued at about $210,000. Institutional investors own 64.82% of the company's stock.

Boeing Stock Up 0.9%

Shares of Boeing stock opened at $199.58 on Thursday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The business has a 50-day moving average of $215.06 and a two-hundred day moving average of $217.67. The company has a market capitalization of $157.74 billion, a P/E ratio of 86.40 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company's revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.24) earnings per share. As a group, equities analysts predict that The Boeing Company will post -0.91 EPS for the current year.

Analyst Ratings Changes

BA has been the subject of a number of research reports. Cantor Fitzgerald lowered Boeing to a "neutral" rating in a research report on Tuesday, August 11th. Royal Bank Of Canada reduced their target price on shares of Boeing from $275.00 to $265.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 29th. Btg Pactual set a $260.00 price target on shares of Boeing in a research report on Tuesday, July 14th. Argus upgraded shares of Boeing from a "hold" rating to a "buy" rating and set a $265.00 price objective on the stock in a report on Tuesday, August 11th. Finally, Citigroup cut shares of Boeing from a "buy" rating to a "sell" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $270.95.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Major Turkish Airlines order: Boeing finalized an agreement for up to 150 737 MAX aircraft, including 100 firm 737-8 jets and options for 50 more. It is Turkish Airlines’ largest Boeing single-aisle order and strengthens Boeing’s commercial backlog. Boeing and Turkish Airlines Finalize Order for up to 150 737 MAX Jets
• Positive Sentiment: Additional international demand: Biman Bangladesh Airlines ordered 11 more aircraft—five 787-10 Dreamliners and six 737-8s—bringing its Boeing order book to 25 jets this year. The deal supports fleet modernization and further demonstrates demand for Boeing’s commercial aircraft. Biman Bangladesh Airlines Orders 11 More Boeing Jets to Expand Fleet
• Positive Sentiment: Backlog momentum continues: Korean Air’s finalized 103-aircraft commitment, valued at approximately $36.2 billion at list prices, includes 777, 787 and 737 models. The order is expected to support fleet expansion following Korean Air’s integration of Asiana Airlines, although much of it will replace existing aircraft. Boeing Strengthens its Backlog with Korean Air’s 103-Aircraft Commitment
• Positive Sentiment: Labor risk eased: Boeing’s engineers and technical employees union recommended that members approve the company’s latest contract offer, supporting production continuity and reducing the risk of another disruptive strike. Boeing’s Engineers Union Backs Latest Contract Offer
• Neutral Sentiment: Defense and technology opportunities: Boeing received a $33.4 million Air Force C-17 avionics-support contract and is testing satellite-connected military drones with Gogo. These contracts are strategically useful but relatively small compared with Boeing’s overall financial obligations.
• Negative Sentiment: Execution remains the key concern: Analysts and investors continue to question whether Boeing can raise production rates quickly enough to convert its large backlog into deliveries and cash flow. CEO Kelly Ortberg’s comments that the recovery is taking longer than expected pressured sentiment, while Boeing is urging suppliers to adopt more automation to improve manufacturing efficiency. Boeing’s Demand Is Strong. Can Production Finally Catch Up?
• Negative Sentiment: Valuation and balance-sheet risks: Despite the recent backlog wins, Boeing remains unprofitable on an adjusted basis, highly leveraged and exposed to cost overruns and delivery delays. Analysts are debating whether the stock’s decline has created a bargain or whether execution risks are already reflected in its valuation.
• Neutral Sentiment: China and trade uncertainty: Potential tariff reductions from the Trump-Xi talks could benefit Boeing, but expectations for a major breakthrough are limited. Reports that China is moving closer to a large Boeing order provide a possible catalyst, though timing and geopolitical approval remain uncertain.

Boeing Profile

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing's commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.

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