The Boeing Company $BA Shares Sold by One Wealth Capital Management LLC

Key Points

• One Wealth Capital Management cut its Boeing stake by 90.3% in the third quarter, selling 12,550 shares and retaining 1,349 shares worth approximately $251,000.
• Boeing received final FAA certification for its long-delayed 737 MAX 10, potentially supporting deliveries, revenue, cash flow and competitiveness against Airbus. The company is also scheduled to report third-quarter results on October 27.
• Analyst sentiment remains mixed: Boeing has a consensus “Moderate Buy” rating and an average price target of $266.96, but concerns persist over its heavy debt burden, weak liquidity, supply-chain delays and ability to generate sustainable cash flow.

One Wealth Capital Management LLC lessened its holdings in The Boeing Company (NYSE:BA - Free Report) by 90.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,349 shares of the aircraft producer's stock after selling 12,550 shares during the quarter. One Wealth Capital Management LLC's holdings in Boeing were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Highland Investment Advisors LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at approximately $26,000. Strategic Wealth Advisors LLC purchased a new stake in shares of Boeing in the second quarter valued at approximately $27,000. Retirement Wealth Solutions LLC boosted its stake in shares of Boeing by 3,575.0% in the third quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer's stock valued at $27,000 after buying an additional 143 shares in the last quarter. Bell Investment Advisors Inc acquired a new position in Boeing during the second quarter worth $29,000. Finally, Security National Bank of SO Dak acquired a new position in Boeing during the second quarter worth $30,000. Institutional investors and hedge funds own 64.82% of the company's stock.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA has granted final certification for Boeing’s long-delayed 737 MAX 10, removing a significant hurdle for deliveries and allowing the aircraft to compete more directly with Airbus’ A321neo. The approval could support Boeing’s backlog, revenue, cash flow, and long-term competitiveness. Boeing wins FAA certification for 737 MAX 10
• Positive Sentiment: Analysts and investors expect the MAX 10 approval, rising aircraft deliveries, and stronger commercial-services demand to improve earnings and support Boeing’s turnaround. A production recovery could also improve margins across the aerospace supply chain. Great News for Boeing Investors
• Positive Sentiment: GA-ASI, a General Atomics business, is partnering with Spirit Defense, a Boeing company, to support airframe production for the FQ-42 Vengeance Collaborative Combat Aircraft. The relationship highlights potential defense-manufacturing activity for Boeing-affiliated operations, although the financial impact was not disclosed. GA-ASI Partnering With Spirit Defense For FQ-42 CCA Production
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Investors will focus on deliveries, free cash flow, MAX production, services demand, and management’s guidance for the recovery. Boeing Stock Preps the Runway Ahead of Earnings
• Negative Sentiment: Despite the certification win, investors remain concerned about Boeing’s high debt burden, weak liquidity metrics, supply-chain delays, negative returns on invested capital, and the company’s ability to convert production growth into sustainable cash flow. What's Going on With Boeing Shares on Friday?

Wall Street Analyst Weigh In

Several research firms have issued reports on BA. Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a research report on Saturday. BNP Paribas Exane raised Boeing from an "underperform" rating to an "outperform" rating and raised their target price for the company from $230.00 to $300.00 in a report on Monday, August 3rd. The Goldman Sachs Group lowered shares of Boeing from a "buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Robert W. Baird set a $300.00 price target on shares of Boeing and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Finally, Btg Pactual set a $260.00 price target on shares of Boeing in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $266.96.

Boeing Trading Up 0.4%

Shares of Boeing stock opened at $188.36 on Friday. The company has a 50-day moving average of $200.75 and a two-hundred day moving average of $215.14. 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 has a market cap of $148.87 billion, a PE ratio of 81.54 and a beta of 1.26.

Boeing (NYSE:BA - Get Free Report) last announced 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). The firm had revenue of $24.56 billion for the quarter, compared to analysts' expectations of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. Boeing's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned ($1.24) EPS. On average, research analysts anticipate that The Boeing Company will post -1.08 EPS for the current fiscal year.

Boeing Company Profile

The Boeing Company NYSE: BA is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world's major aerospace manufacturers.

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.