The Boeing Company $BA Stock Position Reduced by Angeles Wealth Management LLC

Key Points

• Angeles Wealth Management cut its Boeing stake by 74.3% in the third quarter, selling 6,610 shares and retaining 2,281 shares valued at approximately $424,000.
• Boeing reported $24.19 billion in quarterly revenue, up 3.9% year over year, but its adjusted loss of $0.34 per share missed analyst expectations. Commercial Airplanes posted a $697 million operating loss, while production-ramp and supply-chain issues continued to weigh on the business.
• Despite institutional ownership of 64.82% and a consensus “Moderate Buy” rating, analysts lowered several price targets as Boeing’s 737 ramp, cash-flow recovery and delivery timelines remain uncertain.

Angeles Wealth Management LLC reduced its position in shares of The Boeing Company (NYSE:BA - Free Report) by 74.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,281 shares of the aircraft producer's stock after selling 6,610 shares during the period. Angeles Wealth Management LLC's holdings in Boeing were worth $424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BA. Highland Investment Advisors LLC purchased a new stake in Boeing during the second quarter worth about $26,000. Strategic Wealth Advisors LLC purchased a new position in shares of Boeing in the second quarter valued at approximately $27,000. Bell Investment Advisors Inc purchased a new position in shares of Boeing in the second quarter valued at approximately $29,000. Security National Bank of SO Dak purchased a new position in shares of Boeing in the second quarter valued at approximately $30,000. Finally, Retirement Wealth Solutions LLC grew its holdings 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 purchasing an additional 143 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of Boeing stock opened at $166.92 on Thursday. The Boeing Company has a one year low of $165.01 and a one year high of $254.35. The company has a market cap of $131.93 billion, a PE ratio of 72.26 and a beta of 1.26. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The business has a 50-day simple moving average of $197.97 and a 200-day simple moving average of $217.86.

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 2.41% and a negative return on equity of 346.82%. The firm had revenue of $24.19 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same period last year, the business earned ($7.47) EPS. The firm's revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts forecast that The Boeing Company will post -1.08 EPS for the current fiscal year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported third-quarter revenue of $24.19 billion, up 3.9% year over year, while its net loss narrowed substantially from the prior-year period. Operating cash flow reached $1.5 billion and free cash flow was approximately $500 million. Boeing Reports Third Quarter Results
• Positive Sentiment: Total backlog expanded to a record $745 billion, including more than 6,300 commercial aircraft. Boeing also received FAA certification for the 737-10 and was selected for the U.S. Navy’s F/A-XX fighter program, supporting longer-term revenue visibility. Boeing’s Backlog Grew to $745 Billion
• Positive Sentiment: Defense and services helped offset commercial-aircraft weakness: Defense, Space & Security revenue rose 15% to $7.9 billion, while Global Services revenue increased 4% with an 18.3% operating margin. Several analysts, including Citi, JPMorgan and Wells Fargo, retained bullish ratings despite reducing their price targets.
• Neutral Sentiment: Management outlined a path toward $10 billion in free cash flow by 2029, supported by higher deliveries, defense growth and improving 787 margins. However, the targets depend on successful execution over several years. Boeing Q3 Earnings Call Highlights
• Negative Sentiment: The adjusted third-quarter loss was $0.34 per share, wider than the roughly $0.25 consensus estimate. Commercial Airplanes posted a $697 million operating loss, reflecting supply-chain costs, production changes and an unfavorable delivery mix.
• Negative Sentiment: CEO Kelly Ortberg said the 737 production ramp is taking longer than expected, with the target of 47 aircraft per month pushed into 2027 and the rate-52 goal delayed. The slower ramp threatens near-term deliveries, margins and cash generation. Boeing CEO Admits 737 Ramp Taking Longer
• Negative Sentiment: Analysts cut price targets broadly, citing delayed free-cash-flow milestones, higher capital spending tied to defense wins and continuing 777X and supply-chain risks. Boeing also paused share buybacks, reinforcing investor concerns about liquidity and the recovery timeline.

Analyst Ratings Changes

BA has been the topic of several recent research reports. Needham & Company LLC initiated coverage on shares of Boeing in a research note on Wednesday. They set a "hold" rating on the stock. Scotiabank upgraded shares of Boeing to an "outperform" rating in a report on Wednesday. Royal Bank Of Canada reissued an "outperform" rating and issued a $235.00 price target on shares of Boeing in a research report on Monday. TD Cowen dropped their price target on shares of Boeing from $240.00 to $210.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Robert W. Baird dropped their price target on shares of Boeing from $300.00 to $230.00 and set an "outperform" rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.04.

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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