The Boeing Company $BA Stake Increased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Boeing stake by 31.1% in the third quarter, adding 30,021 shares to reach 126,482 shares valued at approximately $23.5 million. Institutional investors collectively own 64.82% of Boeing’s stock.
• Boeing shares opened at $189.98, below their 50-day and 200-day moving averages, and have traded between $176.77 and $254.35 over the past year. The company reported a quarterly EPS loss of $0.76, missing estimates, despite revenue rising 8% year over year to $24.56 billion.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $266.96, although several firms recently reduced their targets amid concerns about defense spending, valuation, balance-sheet strength and execution.

TD Waterhouse Canada Inc. increased its position in The Boeing Company (NYSE:BA - Free Report) by 31.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,482 shares of the aircraft producer's stock after buying an additional 30,021 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Boeing were worth $23,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in BA. Hanson & Doremus Investment Management lifted its stake in Boeing by 0.9% in the third quarter. Hanson & Doremus Investment Management now owns 16,557 shares of the aircraft producer's stock worth $3,080,000 after purchasing an additional 155 shares during the last quarter. Pension & Wealth Management Advisors Inc. boosted its position in Boeing by 2,096.5% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 13,772 shares of the aircraft producer's stock valued at $2,562,000 after buying an additional 13,145 shares during the period. Annex Advisory Services LLC grew its stake in shares of Boeing by 5.8% during the third quarter. Annex Advisory Services LLC now owns 4,862 shares of the aircraft producer's stock valued at $905,000 after buying an additional 268 shares during the last quarter. Vanguard Capital Wealth Advisors grew its stake in shares of Boeing by 4.6% during the third quarter. Vanguard Capital Wealth Advisors now owns 17,654 shares of the aircraft producer's stock valued at $3,285,000 after buying an additional 780 shares during the last quarter. Finally, Riverbend Wealth Management LLC grew its stake in shares of Boeing by 9.0% during the third quarter. Riverbend Wealth Management LLC now owns 3,710 shares of the aircraft producer's stock valued at $690,000 after buying an additional 306 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of BA stock opened at $189.98 on Friday. The business's fifty day moving average is $204.93 and its 200 day moving average is $215.57. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The stock has a market cap of $150.16 billion, a price-to-earnings ratio of 82.24 and a beta of 1.26. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data 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 net margin of 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.56 billion for the quarter, compared to analysts' expectations of $24.26 billion. During the same period in the prior year, the business posted ($1.24) EPS. The business's quarterly revenue was up 8.0% compared to the same quarter last year. Research analysts expect that The Boeing Company will post -0.96 EPS for the current fiscal year.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
• Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
• Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
• Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
• Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
• Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

Analyst Ratings Changes

BA has been the subject of a number of recent research reports. Sanford C. Bernstein lowered their target price on Boeing from $298.00 to $278.00 and set an "outperform" rating for the company in a research note on Monday, October 12th. Rothschild & Co Redburn increased their target price on Boeing from $260.00 to $285.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Tigress Financial raised their price target on Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Bank of America reaffirmed a "buy" rating and issued a $270.00 price target on shares of Boeing in a research note on Friday, September 18th. Finally, Argus upgraded Boeing from a "hold" rating to a "buy" rating and set a $265.00 price objective for the company in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $266.96.

About Boeing

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.

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