MCF Advisors LLC Buys 8,401 Shares of The Boeing Company $BA

Key Points

• MCF Advisors LLC boosted its Boeing stake by 137.7% in the fourth quarter, buying 8,401 more shares and bringing its total holdings to 14,503 shares worth about $3.15 million.
• Analysts remain broadly constructive on Boeing, with the stock carrying a Moderate Buy consensus and an average target price of $259.80, though Weiss Ratings recently downgraded it to sell.
• Boeing is seeing mixed recent developments: it plans to start 737 MAX production on a new Everett assembly line July 6 and delivered its first two 787 Dreamliners to Riyadh Air, but a Frankfurt 787 nose-gear incident has sparked new safety scrutiny.

MCF Advisors LLC increased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 137.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,503 shares of the aircraft producer's stock after acquiring an additional 8,401 shares during the quarter. MCF Advisors LLC's holdings in Boeing were worth $3,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in Boeing during the 3rd quarter worth approximately $25,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing during the fourth quarter valued at approximately $26,000. Strategic Wealth Advisors LLC purchased a new position in shares of Boeing in the 4th quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Boeing in the 4th quarter valued at approximately $28,000. Finally, American National Bank & Trust lifted its stake in shares of Boeing by 124.2% in the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer's stock valued at $30,000 after purchasing an additional 77 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Weiss Ratings lowered Boeing from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, April 24th. Wolfe Research reissued an "outperform" rating and issued a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday, March 4th. Wells Fargo & Company assumed coverage on Boeing in a report on Wednesday, April 1st. They issued an "overweight" rating and a $250.00 price objective for the company. Finally, Citigroup lifted their target price on Boeing from $256.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $259.80.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing said it will start building 737 MAX jets on a new final assembly line in Everett, Washington, on July 6, a sign that the company is getting closer to ramping production and potentially lifting output toward 52 jets per month. Boeing to start 737 Max production on new assembly line July 6, CEO says
• Positive Sentiment: Boeing delivered the first two 787 Dreamliners to Riyadh Air, reinforcing steady commercial aircraft demand and giving investors another concrete delivery milestone. Boeing Delivers Riyadh Air's First Two 787 Dreamliner Jets
• Positive Sentiment: Reports that China may consider additional aircraft purchases, along with interest from airlines such as Qantas and Singapore Airlines in wide-body orders, are supporting the view that Boeing could benefit from stronger future demand. China Considering Further Aircraft Purchases, Boeing Stock NYSE: BA Jumps
• Neutral Sentiment: Analyst commentary continues to highlight Boeing’s improving delivery momentum and large commercial backlog, which supports the long-term outlook but does not appear to be a direct catalyst today. Can Boeing's Commercial Aircraft Delivery Momentum Lift Performance?
• Negative Sentiment: A German investigation has been opened into the Boeing 787 nose-gear collapse in Frankfurt, and reports say several workers were injured, adding to safety concerns around the 787 program. German investigators launch probe into Boeing 787 incident in Frankfurt
• Negative Sentiment: Separate reports on the Frankfurt 787 incident and the resulting injuries are likely weighing on sentiment because they revive concerns about Boeing’s quality-control and reliability record. Several injured in Boeing 787 nose-gear collapse in Frankfurt
• Negative Sentiment: Even with the production and delivery updates, Boeing shares are also being pressured by a broader market rotation away from riskier names, helping explain why the stock is under pressure despite the company-specific positives. What's Going On With Boeing Stock Friday?

Insiders Place Their Bets

In related news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares of the company's stock, valued at $299,345. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Boeing Price Performance

NYSE:BA opened at $215.72 on Friday. 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 company has a market capitalization of $170.05 billion, a P/E ratio of 104.72 and a beta of 1.19. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The business's 50-day moving average is $220.80 and its 200 day moving average is $220.31.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results 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 analysts' expectations of $22.15 billion. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. Boeing's quarterly revenue was up 14.0% on a year-over-year basis. On average, equities research analysts forecast that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

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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