Mmbg Investment Advisors CO. Acquires New Holdings in The Boeing Company $BA

Key Points

• Mmbg Investment Advisors acquired 9,005 Boeing shares worth approximately $1.95 million, while institutional investors collectively own 64.82% of the stock.
• Boeing reported quarterly revenue of $24.56 billion, up 8% year over year, but its adjusted loss of $0.76 per share missed analysts’ expected loss of $0.34.
• Analyst sentiment remains mixed: Boeing has a “Moderate Buy” consensus rating and an average price target of $272.58, despite recent downgrades from Goldman Sachs, Barclays and Citigroup.

Mmbg Investment Advisors CO. bought a new stake in The Boeing Company (NYSE:BA - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,005 shares of the aircraft producer's stock, valued at approximately $1,949,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing in the third quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new stake in Boeing in the fourth quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new position in Boeing during the 4th quarter valued at $26,000. CrossGen Wealth LLC bought a new position in Boeing during the 4th quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in shares of Boeing during the 4th quarter valued at $27,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 0.6%

Shares of NYSE:BA opened at $221.79 on Thursday. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The company has a market cap of $175.30 billion, a PE ratio of 96.01 and a beta of 1.21. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The firm has a 50 day simple moving average of $222.33 and a 200 day simple moving average of $222.44.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 2.41% and a negative return on equity of 346.82%. Boeing's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned ($1.24) earnings per share. As a group, research analysts expect that The Boeing Company will post -0.87 earnings per share for the current year.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group lowered Boeing from a "buy" rating to a "hold" rating in a report on Tuesday, August 11th. Morgan Stanley boosted their target price on shares of Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. Barclays cut shares of Boeing from an "equal weight" rating to an "underweight" rating in a report on Tuesday, August 11th. Royal Bank Of Canada cut their price objective on Boeing from $275.00 to $265.00 and set an "outperform" rating for the company in a research report on Wednesday, July 29th. Finally, Citigroup lowered Boeing from a "buy" rating to a "sell" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Boeing presently has a consensus rating of "Moderate Buy" and an average price target of $272.58.

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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