The Boeing Company $BA Position Increased by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors LLC increased its Boeing stake by 19% in the first quarter, buying an additional 9,544 shares and bringing its total holding to 59,906 shares valued at about $11.9 million.
• Boeing continues to see mixed operational headlines: positive developments include a new 737 MAX assembly line and potential FAA approvals for the 737 MAX 7 and final safety signoff authority, while recent incidents and a 787 investigation have renewed quality-control concerns.
• Analysts remain generally constructive on BA, with the stock carrying a consensus “Moderate Buy” rating and a target price of $261.61, even as Boeing’s latest quarterly results showed a smaller-than-expected loss and revenue growth of 14% year over year.

Sequoia Financial Advisors LLC boosted its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 19.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,906 shares of the aircraft producer's stock after purchasing an additional 9,544 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Boeing were worth $11,923,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new position in Boeing during the 4th quarter valued at about $201,000. Sivia Capital Partners LLC raised its holdings in shares of Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer's stock valued at $320,000 after buying an additional 217 shares during the last quarter. AXA S.A. boosted its position in shares of Boeing by 1,225.7% during the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer's stock worth $7,261,000 after buying an additional 32,041 shares during the period. Ieq Capital LLC boosted its position in shares of Boeing by 243.8% during the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer's stock worth $7,016,000 after buying an additional 23,746 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Boeing by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer's stock worth $279,608,000 after buying an additional 53,736 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is set to open its fourth 737 MAX assembly line in Everett, Washington, signaling progress on a production ramp as demand for the jet stays strong. Market Chatter: Boeing Opens Fourth 737 MAX Assembly Line to Support Production Ramp
• Positive Sentiment: The FAA is expected to certify the 737 MAX 7 later this month, a key step that could unlock 258 delayed Southwest orders and help Boeing clear another major approval hurdle. Boeing's MAX 7 Delay May Finally End
• Positive Sentiment: Reports also say the FAA may soon restore Boeing’s final 737 safety signoff authority, which would reduce a major bottleneck in deliveries. Boeing Nears 737 MAX 7 Approval as FAA Eyes Key Authority Restoration
• Positive Sentiment: Philippine Airlines is reportedly preparing to order 15 Boeing 787-10 aircraft, which would add to Boeing’s backlog and support long-term widebody demand. Philippine Air to order 15 Boeing 787-10 and nine Airbus A350-1000
• Neutral Sentiment: Boeing and Bahir Dar University announced a partnership to establish an aviation innovation center, a strategic initiative that is unlikely to move shares in the near term. Bahir Dar University and Boeing partner to establish Aviation Innovation Center
• Negative Sentiment: Two recent incidents involving Boeing 737 MAX aircraft have revived headline risk, with reports of a broken or detached window on a Ryanair flight that injured a passenger and forced an emergency landing. Boeing 737 Makes Emergency Landing After Broken Window Injures Passenger
• Negative Sentiment: A separate investigation linked a misplaced locking pin to a Boeing 787 nose gear collapse in Frankfurt, reinforcing concerns about quality control and oversight. German investigators link misplaced pin to Boeing 787 incident

Analyst Upgrades and Downgrades

Several research firms recently commented on BA. Wells Fargo & Company began coverage on Boeing in a research report on Wednesday, April 1st. They issued an "overweight" rating and a $250.00 target price on the stock. Citigroup boosted their price target on Boeing from $256.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, May 18th. Weiss Ratings cut Boeing from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, April 24th. Morgan Stanley raised 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. Finally, Wolfe Research reaffirmed an "outperform" rating and issued a $275.00 price objective on shares of Boeing in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $261.61.

Boeing Price Performance

BA traded down $0.77 during trading on Friday, reaching $222.34. The stock had a trading volume of 3,825,758 shares, compared to its average volume of 5,207,274. The stock has a 50 day moving average of $223.28 and a two-hundred day moving average of $224.79. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The firm has a market capitalization of $175.27 billion, a price-to-earnings ratio of 107.93 and a beta of 1.21. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same quarter last year, the business posted ($0.49) earnings per share. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director directly owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

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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