The Boeing Company $BA Shares Bought by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services increased its Boeing stake by 4.1% in the third quarter, adding 6,322 shares to hold 159,237 shares valued at about $29.6 million.
• Other institutional investors also expanded their holdings, and institutions collectively own 64.82% of Boeing. Two directors separately bought shares in late October.
• Boeing’s quarterly revenue rose 3.9% year over year to $24.19 billion, beating estimates, but its loss per share of $0.34 was wider than expected. Operational concerns include weak October 737 MAX deliveries and FAA scrutiny of Dreamliner wing issues.

Kestra Advisory Services LLC grew its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,237 shares of the aircraft producer's stock after purchasing an additional 6,322 shares during the quarter. Kestra Advisory Services LLC's holdings in Boeing were worth $29,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BA. SteelPeak Wealth LLC lifted its stake in Boeing by 660.0% in the third quarter. SteelPeak Wealth LLC now owns 94,976 shares of the aircraft producer's stock valued at $17,670,000 after buying an additional 82,479 shares during the last quarter. McAlister Sweet & Associates Inc. grew its position in shares of Boeing by 57.2% during the third quarter. McAlister Sweet & Associates Inc. now owns 45,420 shares of the aircraft producer's stock worth $8,450,000 after acquiring an additional 16,531 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in shares of Boeing by 16.0% during the second quarter. Integrated Wealth Concepts LLC now owns 42,417 shares of the aircraft producer's stock worth $9,182,000 after acquiring an additional 5,862 shares during the last quarter. T3 Companies LLC increased its holdings in shares of Boeing by 1,487.1% in the 3rd quarter. T3 Companies LLC now owns 17,458 shares of the aircraft producer's stock worth $3,248,000 after acquiring an additional 16,358 shares during the period. Finally, Mather Group LLC. increased its holdings in shares of Boeing by 347.3% in the 3rd quarter. Mather Group LLC. now owns 23,183 shares of the aircraft producer's stock worth $4,313,000 after acquiring an additional 18,000 shares during the period. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Avolon ordered 140 Boeing 737-10 jets, a record order that reinforces demand for Boeing’s largest 737 variant and adds to its backlog. Boeing Looks 8% Overvalued Following Avolon’s Order
• Positive Sentiment: Two directors bought Boeing shares after the stock’s decline, while a report also cited positive free cash flow. Those signals may bolster confidence, though they do not resolve operational challenges. Boeing Has the Orders, the Cash Flow, and Insider Buyers
• Neutral Sentiment: A valuation analysis said Boeing shares looked about 8% overvalued despite the Avolon order, reflecting concerns about the company’s recent performance and delivery outlook. Boeing Valuation Analysis
• Negative Sentiment: Boeing reportedly delivered 32 MAX jets in October, its lowest monthly total in nearly a year. Fewer deliveries could weigh on revenue and complicate the production recovery. October MAX Deliveries
• Negative Sentiment: The FAA is scrutinizing Dreamliner wing issues, adding a potential quality-control and regulatory overhang that could raise the risk of delays or added costs. FAA Scrutiny of Dreamliner Wings

Analyst Upgrades and Downgrades

Several research firms have commented on BA. The Goldman Sachs Group restated a "buy" rating and issued a $238.00 target price on shares of Boeing in a research report on Wednesday, October 28th. Weiss Ratings restated a "sell (d+)" rating on shares of Boeing in a research note on Monday, October 19th. Zacks Research cut Boeing from a "hold" rating to a "strong sell" rating in a report on Friday, October 16th. Needham & Company LLC began coverage on Boeing in a report on Wednesday, October 28th. They set a "hold" rating on the stock. Finally, Citigroup downgraded Boeing from a "buy" rating to a "sell" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average price target of $247.88.

Insiders Place Their Bets

In other news, Director Mortimer J. Buckley acquired 5,820 shares of the company's stock in a transaction dated Friday, October 30th. The shares were bought at an average price of $171.55 per share, with a total value of $998,421.00. Following the purchase, the director owned 10,250 shares of the company's stock, valued at approximately $1,758,387.50. This represents a 131.38% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven M. Mollenkopf acquired 2,950 shares of the company's stock in a transaction dated Friday, October 30th. The stock was purchased at an average cost of $173.03 per share, for a total transaction of $510,438.50. Following the purchase, the director directly owned 6,717 shares in the company, valued at approximately $1,162,242.51. This represents a 78.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.10% of the company's stock.

Boeing Trading Up 0.5%

Boeing stock opened at $173.44 on Friday. The Boeing Company has a 12-month low of $165.01 and a 12-month high of $254.35. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.13 and a quick ratio of 0.34. The stock has a market capitalization of $137.44 billion, a PE ratio of 18.87 and a beta of 1.34. The firm has a 50 day simple moving average of $192.39 and a 200-day simple moving average of $215.41.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The firm had revenue of $24.19 billion for the quarter, compared to the consensus estimate of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. Boeing's revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($7.47) EPS. As a group, equities research analysts expect that The Boeing Company will post -1.84 EPS for the current fiscal year.

Boeing Company Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world.

Boeing's defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.

Founded in 1916 by William Boeing, the company has grown into a global aerospace business serving customers across the Americas, Europe, Asia and other regions.

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