Geode Capital Management LLC Has $3.68 Billion Holdings in The Boeing Company $BA

Key Points

• Geode Capital Management increased its Boeing stake by 3.2% in the fourth quarter, ending with 17,025,435 shares worth about $3.68 billion. Institutional investors overall own 64.82% of Boeing’s stock.
• Boeing’s latest quarter beat expectations, reporting EPS of -$0.20 versus the -$0.68 estimate and revenue of $22.22 billion, up 14% year over year. Analysts still expect a loss for the full year, but sentiment remains constructive with a consensus Moderate Buy rating and a $259.80 target price.
• Recent news around Boeing has been largely positive, including FAA approval to raise 737 MAX production to 47 jets per month and expectations for MAX 7 and MAX 10 certifications later this year. The company is also benefiting from reports of a potential 200-aircraft order from China, though competitive and contract risks remain.

Geode Capital Management LLC lifted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,025,435 shares of the aircraft producer's stock after acquiring an additional 533,753 shares during the quarter. Geode Capital Management LLC owned about 2.17% of Boeing worth $3,679,592,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Fisher Asset Management LLC boosted its stake in shares of Boeing by 3.3% during the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer's stock worth $1,188,153,000 after acquiring an additional 177,597 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Boeing by 41.1% during the 3rd quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer's stock worth $48,316,000 after acquiring an additional 65,216 shares in the last quarter. Princeton Capital Management LLC boosted its stake in shares of Boeing by 78.3% during the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer's stock worth $2,660,000 after acquiring an additional 5,381 shares in the last quarter. Granite Investment Partners LLC boosted its stake in shares of Boeing by 1,984.0% during the 3rd quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer's stock worth $6,787,000 after acquiring an additional 29,939 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Boeing during the 4th quarter valued at approximately $55,787,000. Institutional investors own 64.82% of the company's stock.

Boeing Price Performance

Shares of BA stock opened at $224.36 on Thursday. The stock has a 50 day moving average of $218.03 and a two-hundred day moving average of $219.21. 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 Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a market capitalization of $176.86 billion, a P/E ratio of 108.91 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping 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 quarter in the prior year, the business posted ($0.49) EPS. Boeing's revenue was up 14.0% compared to the same quarter last year. As a group, equities analysts expect that The Boeing Company will post -0.15 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Jefferies Financial Group restated a "buy" rating on shares of Boeing in a research note on Wednesday, March 4th. Royal Bank Of Canada increased their target price on Boeing from $265.00 to $275.00 and gave the company an "outperform" rating in a research note on Wednesday, January 28th. Wells Fargo & Company assumed coverage on Boeing in a research note on Wednesday, April 1st. They set an "overweight" rating and a $250.00 target price for the company. Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a research note on Wednesday, January 28th. Finally, Argus upgraded Boeing to a "hold" rating in a research note on Monday, February 2nd. Two investment 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $259.80.

Insider Buying and Selling

In other news, Director Mortimer J. Buckley acquired 2,230 shares of Boeing stock in a transaction on Tuesday, March 3rd. The stock was bought at an average price of $224.20 per share, for a total transaction of $499,966.00. Following 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing CEO Kelly Ortberg said the company completed an FAA capstone review, allowing 737 MAX production to increase from 42 jets a month to 47. Investors view this as a key step toward normalizing output and improving cash flow. Article Title
• Positive Sentiment: The FAA also said it expects Boeing’s 737 MAX 7 to be certified this summer and the MAX 10 before year-end, which could further support future production and deliveries. Article Title
• Positive Sentiment: Ortberg also said Boeing aims to eventually balance 737 inventory at 52 aircraft per month, signaling confidence that the narrowbody business can keep ramping beyond the newly approved rate. Article Title
• Positive Sentiment: Reports that China recently committed to purchase 200 Boeing aircraft add another demand tailwind, helping improve the outlook for commercial orders. Article Title
• Neutral Sentiment: Boeing’s presentation at the Bernstein Strategic Decisions Conference kept the stock in focus, but the main market-moving information was the production and certification progress rather than the transcript itself. Article Title
• Negative Sentiment: Recent headlines about Boeing losing some NASA and Italy-related business and competition-related losses to SpaceX are a reminder that the company still faces competitive and contract risk, even as near-term sentiment improves. Article Title

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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