Private Advisory Group LLC Invests $1.16 Million in The Boeing Company $BA

Key Points

• Private Advisory Group LLC initiated a $1.16 million Boeing position by purchasing 5,342 shares in the second quarter. Institutional investors and hedge funds collectively own 64.82% of Boeing.
• Boeing’s latest quarter showed revenue growth of 8% year over year to $24.56 billion, but the company reported an adjusted loss of $0.76 per share, missing analyst expectations of a $0.34 loss.
• Recent developments include expanded Pentagon missile-component agreements, the planned sale of non-core businesses to Archer Aviation, and continued 737 demand in India. Analysts maintain a “Moderate Buy” consensus with an average price target of $272.58.

Private Advisory Group LLC bought a new stake in The Boeing Company (NYSE:BA - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,342 shares of the aircraft producer's stock, valued at approximately $1,156,000.

A number of other large investors have also recently made changes to their positions in BA. Vanguard Group Inc. increased its position in Boeing by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer's stock worth $15,413,227,000 after buying an additional 3,460,021 shares during the period. Alyeska Investment Group L.P. lifted its stake in Boeing by 245.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer's stock valued at $489,052,000 after buying an additional 1,600,909 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Boeing by 43.1% in the fourth quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer's stock valued at $840,204,000 after acquiring an additional 1,176,074 shares during the period. Viking Global Investors LP boosted its holdings in shares of Boeing by 31.3% in the fourth quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer's stock valued at $858,294,000 after acquiring an additional 942,536 shares during the period. Finally, Diamant Asset Management Inc. grew its position in shares of Boeing by 19,623.0% during the first quarter. Diamant Asset Management Inc. now owns 872,348 shares of the aircraft producer's stock worth $173,623,000 after acquiring an additional 867,925 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the company's 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 purchase, the director owned 1,370 shares of the company's stock, valued at $299,345. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.10% of the company's stock.

Boeing Trading Up 0.5%

NYSE:BA opened at $231.50 on Friday. The firm has a market cap of $182.97 billion, a P/E ratio of 100.21 and a beta of 1.21. 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's 50 day simple moving average is $221.70 and its 200-day simple moving average is $222.97. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS 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 company had revenue of $24.56 billion for the quarter, compared to analysts' expectations of $24.26 billion. During the same quarter last year, the company earned ($1.24) EPS. Boeing's revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts anticipate that The Boeing Company will post -0.87 EPS for the current year.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
• Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
• Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
• Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
• Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BA. Argus raised shares of Boeing from a "hold" rating to a "buy" rating and set a $265.00 target price on the stock in a report on Tuesday, August 11th. Morgan Stanley increased their price target on shares of Boeing from $245.00 to $250.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 23rd. Wolfe Research downgraded shares of Boeing from an "outperform" rating to a "hold" rating in a research report on Tuesday. Btg Pactual set a $260.00 price objective on shares of Boeing in a research note on Tuesday, July 14th. Finally, UBS Group assumed coverage on shares of Boeing in a report on Tuesday. They issued a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $272.58.

Boeing Company 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.

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source