The Boeing Company $BA Stock Acquired by Vestor Capital LLC

Key Points

• Vestor Capital sharply increased its Boeing stake by 24,005% in the third quarter, bringing its holdings to 56,647 shares valued at about $10.5 million.
• Boeing’s outlook is mixed: its reported $745 billion order book signals substantial demand, while plans to cut about 5% of its commercial-airplane workforce reflect a slower-than-expected production ramp.
• Boeing missed quarterly earnings-per-share expectations, though revenue rose 3.9% year over year. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $247.88.

Vestor Capital LLC boosted its stake in The Boeing Company (NYSE:BA - Free Report) by 24,005.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 56,647 shares of the aircraft producer's stock after purchasing an additional 56,412 shares during the quarter. Vestor Capital LLC's holdings in Boeing were worth $10,539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jupiter Topco LLC purchased a new stake in Boeing during the second quarter valued at about $911,878,000. Bank of New York Mellon Corp bought a new stake in Boeing during the second quarter worth about $747,763,000. Legal & General Group Plc purchased a new position in shares of Boeing in the 2nd quarter worth about $710,816,000. Deutsche Bank AG bought a new position in shares of Boeing during the 2nd quarter valued at about $539,456,000. Finally, Swiss National Bank increased its position in shares of Boeing by 7.6% during the 1st quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer's stock valued at $457,386,000 after purchasing an additional 163,000 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s reported $745 billion order book points to substantial longer-term demand for its aircraft, providing a potential offset to concerns about the pace of production. Article: Boeing (BA): A Top 10 Dow Stock for 2027 With a Record $745B of Orders
• Negative Sentiment: Boeing plans to cut about 5% of its commercial-airplane workforce through layoffs and attrition because production is increasing more slowly than previously expected. The announcement underscores a more cautious production ramp and may weigh on confidence in the division’s recovery, even as staffing reductions could help control costs. Article: Boeing to cut 5% of commercial airplane workforce as production increase is slower than expected

Insider Activity at Boeing

In other news, Director Steven M. Mollenkopf bought 2,950 shares of the firm's stock in a transaction that occurred on Friday, October 30th. The shares were bought at an average cost of $173.03 per share, with a total value of $510,438.50. Following the completion of the purchase, the director directly owned 6,717 shares in the company, valued at $1,162,242.51. This represents a 78.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Mortimer J. Buckley purchased 5,820 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were purchased at an average price of $171.55 per share, with a total value of $998,421.00. Following the completion of the acquisition, the director directly owned 10,250 shares in the company, valued at $1,758,387.50. The trade was a 131.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in 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. Susquehanna assumed coverage on shares of Boeing in a research report on Wednesday, October 28th. They set a "positive" rating and a $250.00 price target on the stock. Jefferies Financial Group downgraded shares of Boeing from a "buy" rating to a "hold" rating in a research note on Wednesday, October 28th. William Blair reissued an "outperform" rating on shares of Boeing in a research note on Wednesday, September 30th. Finally, Scotiabank upgraded shares of Boeing to an "outperform" rating in a report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $247.88.

Boeing Stock Down 0.4%

BA opened at $172.64 on Tuesday. The Boeing Company has a 12 month low of $165.01 and a 12 month high of $254.35. The company has a current ratio of 1.13, a quick ratio of 0.34 and a debt-to-equity ratio of 6.31. The business's 50-day moving average price is $191.65 and its 200-day moving average price is $215.03. The company has a market cap of $136.81 billion, a P/E ratio of 18.79 and a beta of 1.34.

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

Boeing 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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