The Boeing Company $BA Shares Bought by Corient Private Wealth LP

Corient Private Wealth LP grew its position in The Boeing Company (NYSE:BA - Free Report) by 30.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 500,349 shares of the aircraft producer's stock after purchasing an additional 116,872 shares during the quarter. Corient Private Wealth LP owned approximately 0.06% of Boeing worth $108,311,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Formuepleje A S purchased a new position in shares of Boeing in the 2nd quarter valued at about $1,179,000. Amundi lifted its stake in Boeing by 3.7% during the second quarter. Amundi now owns 1,222,827 shares of the aircraft producer's stock worth $264,705,000 after purchasing an additional 43,652 shares during the last quarter. HighTower Advisors LLC boosted its holdings in Boeing by 10.3% in the second quarter. HighTower Advisors LLC now owns 747,035 shares of the aircraft producer's stock valued at $161,711,000 after purchasing an additional 69,538 shares in the last quarter. Financial Insights Inc. increased its stake in Boeing by 17.8% in the second quarter. Financial Insights Inc. now owns 1,784 shares of the aircraft producer's stock valued at $386,000 after purchasing an additional 270 shares during the last quarter. Finally, California State Teachers Retirement System increased its stake in Boeing by 20,689.6% in the second quarter. California State Teachers Retirement System now owns 245,894,334 shares of the aircraft producer's stock valued at $53,228,746,000 after purchasing an additional 244,711,560 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing and Anduril advanced to Phase 2 of the U.S. Army’s Indirect Fires Protection Capability (IFPC) program. Progress in the competition supports Boeing’s defense growth prospects and signals continued engagement on a potentially meaningful military program. Boeing advances to Phase 2 of the U.S. Army’s IFPC program
• Positive Sentiment: The Department of War awarded Boeing a $131.23 billion indefinite-delivery/indefinite-quantity ceiling contract for the F-15 Eagle Crest program. The award could provide substantial long-term visibility for Boeing’s defense business, although it does not obligate the government to purchase the full amount. Boeing F-15 ceiling contract details
• Neutral Sentiment: Coverage noted that Boeing outperformed the broader market in the latest session. The move reflects favorable market momentum, but the report provided no new company-specific financial results or guidance to establish a lasting change in valuation. Boeing outperforms the broader market
• Neutral Sentiment: The U.S. Navy is expected to decide between Boeing and Northrop Grumman for a sixth-generation fighter program. Winning could create a significant future opportunity, but the outcome remains uncertain until the announcement. Navy fighter competition between Boeing and Northrop Grumman
• Negative Sentiment: Boeing made another executive-roster change as it pursues a broader industrial blueprint. Leadership restructuring can create near-term uncertainty about execution and strategy, contributing to some investor caution. Boeing executive lineup change

Boeing Trading Up 2.8%

NYSE:BA opened at $210.57 on Friday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. 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 $218.50 and its 200-day simple moving average is $219.21. The firm has a market cap of $166.43 billion, a P/E ratio of 91.15 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last issued 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). The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.Boeing's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.24) earnings per share. Equities analysts anticipate that The Boeing Company will post -0.9 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BA. Weiss Ratings restated a "sell (d+)" rating on shares of Boeing in a research report on Tuesday, July 21st. BNP Paribas Exane raised shares of Boeing from an "underperform" rating to an "outperform" rating and increased their target price for the company from $230.00 to $300.00 in a research report on Monday, August 3rd. Tigress Financial lifted their price target on shares of Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Sanford C. Bernstein initiated coverage on shares of Boeing in a research note on Tuesday, August 11th. They set an "outperform" rating on the stock. Finally, Robert W. Baird set a $300.00 price target on shares of Boeing in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $272.58.

Boeing Profile

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing's commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.

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