Fisher Asset Management LLC Has $1.22 Billion Position in The Boeing Company $BA

Key Points

• Fisher Asset Management increased its Boeing stake by 2.5% in the fourth quarter, bringing its holdings to 5.64 million shares worth about $1.22 billion.
• Several other large institutions also boosted positions in Boeing, and hedge funds and other institutional investors now own 64.82% of the company’s stock.
• Boeing reported quarterly earnings of -$0.20 per share, beating expectations, while analysts remain broadly positive with a Moderate Buy consensus and a price target of $259.80.

Fisher Asset Management LLC increased its position in The Boeing Company (NYSE:BA - Free Report) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,640,900 shares of the aircraft producer's stock after buying an additional 135,860 shares during the period. Fisher Asset Management LLC owned 0.72% of Boeing worth $1,224,752,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer's stock worth $15,413,227,000 after buying an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC increased its holdings in Boeing by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer's stock worth $6,401,847,000 after buying an additional 286,848 shares during the last quarter. Legal & General Group Plc grew its holdings in Boeing by 7.1% during the third quarter. Legal & General Group Plc now owns 3,369,615 shares of the aircraft producer's stock valued at $727,264,000 after purchasing an additional 223,995 shares during the last quarter. Viking Global Investors LP grew its holdings in Boeing by 6.2% during the third quarter. Viking Global Investors LP now owns 3,010,551 shares of the aircraft producer's stock valued at $649,767,000 after purchasing an additional 175,486 shares during the last quarter. Finally, Amundi grew its holdings in Boeing by 11.9% during the third quarter. Amundi now owns 1,987,194 shares of the aircraft producer's stock valued at $436,646,000 after purchasing an additional 210,560 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley acquired 2,230 shares of Boeing stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the transaction, the director owned 4,430 shares of the company's stock, valued at $993,206. The trade was a 101.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost 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 of the company's stock, valued at $299,345. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 0.10% of the stock is owned by company insiders.

Boeing Stock Up 0.1%

BA opened at $219.18 on Monday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The stock has a market capitalization of $172.78 billion, a price-to-earnings ratio of 106.40 and a beta of 1.21. The business has a 50 day moving average of $217.34 and a 200-day moving average of $218.72.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the prior year, the company posted ($0.49) earnings per share. The firm's revenue was up 14.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on BA. JPMorgan Chase & Co. increased their price target on Boeing from $245.00 to $270.00 and gave the company an "overweight" rating in a report on Wednesday, January 28th. Citigroup increased their price target on Boeing from $256.00 to $260.00 and gave the company a "buy" rating in a report on Monday, May 18th. Wolfe Research reiterated an "outperform" rating and set a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. UBS Group increased their price target on Boeing from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, January 28th. Finally, Jefferies Financial Group reiterated a "buy" rating on shares of Boeing in a report on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $259.80.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China confirmed a 200-aircraft Boeing order as part of broader U.S.-China trade talks, reopening a major market for Boeing after a prolonged freeze and improving near-term demand visibility. Beijing Confirms Boeing Aircraft Order Following Trump's China Visit—Xi Jinping Seeks To End $30 Billion In Reciprocal Tariffs With US
• Positive Sentiment: Citi reportedly called the recent selloff in Boeing a buying opportunity and raised its price target to $260, signaling confidence in the company’s recovery. Citi calls Boeing selloff a 'gift' and lifts BA target to $260
• Positive Sentiment: Director Bradley D. Tilden bought 1,370 shares, a vote of confidence from an insider that can help support sentiment. SEC insider filing
• Neutral Sentiment: Boeing is also benefiting from a growing backlog and defense-related revenue visibility, which supports the long-term recovery case but is not an immediate catalyst. Is Boeing's Growing Backlog Strengthening Its Recovery Prospects?
• Negative Sentiment: Reports that certification for the 777X is more complicated than expected, including greater focus on “hot brakes,” are weighing on the stock by renewing concerns about delays and execution risk. Hot Brakes a Bigger Part of 777X Certification Than Expected, Boeing Stock NYSE: BA Slips
• Negative Sentiment: Some investors were disappointed that the China deal was for 200 jets rather than the much larger order they had hoped for, which may be limiting upside in the shares. Fresh China deal gives hope for whipsawed Boeing shares

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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