Jacobs & Co. CA Has $9.72 Million Stock Position in The Boeing Company $BA

Key Points

• Jacobs & Co. CA cut its Boeing stake by 16.8% in the second quarter, selling 9,088 shares and retaining 44,915 shares valued at approximately $9.72 million.
• Boeing reported quarterly revenue of $24.56 billion, up 8% year over year and above estimates, but its adjusted loss of $0.76 per share missed expectations of a $0.34 loss.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $273, supported by the FAA’s approval of the 737 MAX 7; however, inspections of hundreds of other 737 aircraft remain a potential cost and delivery risk.

Jacobs & Co. CA lowered its stake in The Boeing Company (NYSE:BA - Free Report) by 16.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 44,915 shares of the aircraft producer's stock after selling 9,088 shares during the quarter. Jacobs & Co. CA's holdings in Boeing were worth $9,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Revolve Wealth Partners LLC bought a new stake in Boeing in the 4th quarter valued at $201,000. Sivia Capital Partners LLC boosted its stake in Boeing by 16.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer's stock worth $320,000 after purchasing an additional 217 shares during the period. AXA S.A. increased its holdings in Boeing by 1,225.7% during the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer's stock worth $7,261,000 after purchasing an additional 32,041 shares in the last quarter. Ieq Capital LLC increased its holdings in Boeing by 243.8% during the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer's stock worth $7,016,000 after purchasing an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Boeing by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer's stock valued at $279,608,000 after purchasing an additional 53,736 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Activity at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the firm's stock in a transaction dated Wednesday, May 20th. The stock was bought 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. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.10% of the stock is currently owned by company insiders.

Boeing Trading Up 1.0%

NYSE BA opened at $234.48 on Friday. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The stock has a 50 day moving average of $220.24 and a 200-day moving average of $223.61. The company has a market cap of $185.33 billion, a PE ratio of 101.51 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts' consensus estimates of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the previous year, the firm posted ($1.24) earnings per share. Boeing's quarterly revenue was up 8.0% on a year-over-year basis. On average, equities research analysts anticipate that The Boeing Company will post -0.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. Morgan Stanley boosted their price target on Boeing from $245.00 to $250.00 and gave the company an "equal weight" rating in a report on Thursday, April 23rd. UBS Group reissued a "buy" rating on shares of Boeing in a research report on Wednesday, July 29th. Tigress Financial lifted their target price on Boeing from $295.00 to $305.00 and gave the company a "buy" rating in a research report on Thursday. Btg Pactual set a $260.00 target price on Boeing in a research note on Tuesday, July 14th. Finally, Royal Bank Of Canada reduced their price target on Boeing from $275.00 to $265.00 and set an "outperform" rating for the company in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $273.00.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA approved Boeing’s 737 MAX 7 for commercial service after a lengthy certification process. The approval allows Boeing to begin delivering completed aircraft and removes a major bottleneck for its backlog, supporting expectations for higher revenue, deliveries and cash generation. Boeing Wins 737 MAX 7 Approval
• Positive Sentiment: Analyst optimism is providing another tailwind. Tigress Financial raised its price target on BA from $295 to $305 and reiterated a “buy” rating, citing the company’s operational acceleration and the potential benefits of the MAX 7 rollout. Boeing Price Target Raised
• Positive Sentiment: Recent coverage points to improving production, deliveries and cash-flow prospects as Boeing moves past manufacturing disruptions and regulatory restrictions. Jim Cramer’s earlier bullish view on a turnaround is being highlighted after BA’s recent rally, although his comments are primarily sentiment-driven rather than a new fundamental catalyst. Jim Cramer on Boeing
• Neutral Sentiment: BA has gained roughly 8% this week following the MAX 7 approval, but its longer-term performance remains more muted. At about $234, the stock is near the upper portion of its 52-week range, with a forward-looking turnaround narrative already reflected in a high valuation.
• Negative Sentiment: The FAA ordered inspections of 471 737-8, 737-9 and 737-8200 aircraft after identifying possible cracks near a service-door structural reinforcement. Boeing supports the directive and says the issue has not been observed in the MAX fleet, but required inspections and any repairs could increase costs, delay aircraft and revive concerns about Boeing’s quality controls. FAA Probe Into Boeing 737 Jets

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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