Everett Harris & Co. CA Takes $1.14 Million Position in The Boeing Company $BA

Key Points

• Everett Harris & Co. CA purchased 5,246 Boeing shares in the second quarter, establishing a position worth approximately $1.14 million. Institutional investors collectively own 64.82% of Boeing.
• Boeing received several potentially supportive developments, including seven-year Pentagon missile-component agreements, strong 737-8200 leasing demand from India’s Akasa Air, and the planned sale of Wisk Aero and other non-core units to Archer Aviation.
• Analysts maintain a consensus “Moderate Buy” rating with a $272.58 target price, although some firms downgraded the stock to “Hold” or “Neutral.” Boeing shares opened at $231.50 after the company reported a quarterly adjusted loss of $0.76 per share.

Everett Harris & Co. CA purchased a new stake in The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,246 shares of the aircraft producer's stock, valued at approximately $1,136,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer's stock valued at $15,413,227,000 after purchasing an additional 3,460,021 shares during the period. Newport Trust Company LLC raised its holdings in shares of Boeing by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer's stock valued at $6,401,847,000 after buying an additional 286,848 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Boeing by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer's stock worth $3,679,592,000 after buying an additional 533,753 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Boeing by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer's stock worth $1,224,752,000 after buying an additional 135,860 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Boeing by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer's stock worth $948,905,000 after buying an additional 138,469 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
• Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
• Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
• Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
• Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

Insider Transactions at Boeing

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the company's stock in a transaction on Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director owned 1,370 shares of the company's stock, valued at approximately $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.10% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on BA. Wolfe Research cut Boeing from an "outperform" rating to a "hold" rating in a research report on Tuesday. Cantor Fitzgerald cut Boeing to a "neutral" rating in a research report on Tuesday. Btg Pactual set a $260.00 price objective on Boeing in a research report on Tuesday, July 14th. Royal Bank Of Canada lowered their target price on Boeing from $275.00 to $265.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their target price on Boeing from $270.00 to $290.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and a consensus target price of $272.58.

Boeing Stock Up 0.5%

Shares of NYSE:BA opened at $231.50 on Friday. The company has a market cap of $182.97 billion, a price-to-earnings ratio of 100.21 and a beta of 1.21. The firm's 50-day simple moving average is $221.70 and its 200-day simple moving average is $222.97. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly 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 firm 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%.The company's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.24) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -0.87 earnings per share for the current 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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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