Pension & Wealth Management Advisors Inc. Buys 13,145 Shares of The Boeing Company $BA

Key Points

• Pension & Wealth Management Advisors increased its Boeing stake by 2,096.5% in the third quarter, buying 13,145 additional shares and bringing its total holdings to 13,772 shares worth approximately $2.56 million.
• Boeing shares rose 0.7% to $189.98, but the company continues to face financial pressure, including a 6.77 debt-to-equity ratio and negative quarterly earnings per share of $0.76, below analysts’ expectations.
• Analysts maintained a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $266.96, despite some firms recently lowering their targets.

Pension & Wealth Management Advisors Inc. raised its stake in The Boeing Company (NYSE:BA - Free Report) by 2,096.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,772 shares of the aircraft producer's stock after acquiring an additional 13,145 shares during the period. Boeing makes up about 0.6% of Pension & Wealth Management Advisors Inc.'s portfolio, making the stock its 28th biggest holding. Pension & Wealth Management Advisors Inc.'s holdings in Boeing were worth $2,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Annex Advisory Services LLC raised its position in Boeing by 5.8% during the third quarter. Annex Advisory Services LLC now owns 4,862 shares of the aircraft producer's stock valued at $905,000 after purchasing an additional 268 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its stake in Boeing by 4.6% during the third quarter. Vanguard Capital Wealth Advisors now owns 17,654 shares of the aircraft producer's stock worth $3,285,000 after purchasing an additional 780 shares during the last quarter. Riverbend Wealth Management LLC boosted its holdings in shares of Boeing by 9.0% in the 3rd quarter. Riverbend Wealth Management LLC now owns 3,710 shares of the aircraft producer's stock valued at $690,000 after purchasing an additional 306 shares in the last quarter. ACT Advisors LLC. boosted its holdings in shares of Boeing by 3.6% in the 3rd quarter. ACT Advisors LLC. now owns 1,838 shares of the aircraft producer's stock valued at $342,000 after purchasing an additional 64 shares in the last quarter. Finally, Mystic Asset Management Inc. increased its stake in shares of Boeing by 1.5% in the 3rd quarter. Mystic Asset Management Inc. now owns 22,955 shares of the aircraft producer's stock valued at $4,271,000 after purchasing an additional 347 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.7%

Boeing stock traded up $1.25 during trading hours on Friday, hitting $189.98. The stock had a trading volume of 7,297,059 shares, compared to its average volume of 8,623,697. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The stock has a market cap of $150.16 billion, a price-to-earnings ratio of 82.24 and a beta of 1.26. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The business's 50 day simple moving average is $204.93 and its 200-day simple moving average is $215.57.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $24.26 billion. During the same quarter last year, the firm posted ($1.24) earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts predict that The Boeing Company will post -0.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on BA shares. Jefferies Financial Group dropped their price objective on Boeing from $295.00 to $265.00 and set a "buy" rating for the company in a research report on Monday, September 21st. Barclays initiated coverage on Boeing in a research report on Friday, October 9th. They issued an "overweight" rating and a $300.00 target price on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of Boeing in a research note on Tuesday, July 21st. Bank of America reissued a "buy" rating and set a $270.00 target price on shares of Boeing in a research note on Friday, September 18th. Finally, UBS Group reissued a "buy" rating on shares of Boeing in a report on Tuesday, September 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $266.96.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
• Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
• Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
• Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
• Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
• Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

Boeing Company Profile

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.

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