Visionary Wealth Advisors Acquires Shares of 11,786 The Boeing Company $BA

Visionary Wealth Advisors acquired a new position in The Boeing Company (NYSE:BA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,786 shares of the aircraft producer's stock, valued at approximately $2,551,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp bought a new position in shares of Boeing in the second quarter valued at about $747,763,000. Deutsche Bank AG bought a new stake in Boeing during the 2nd quarter worth about $539,456,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Boeing during the 2nd quarter worth about $441,997,000. Alyeska Investment Group L.P. increased its position in Boeing by 245.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer's stock valued at $489,052,000 after acquiring an additional 1,600,909 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in Boeing by 43.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer's stock valued at $840,204,000 after acquiring an additional 1,176,074 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Down 1.7%

NYSE:BA opened at $210.50 on Tuesday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The business's 50-day moving average price is $221.74 and its two-hundred day moving average price is $222.02. 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 firm has a market capitalization of $166.37 billion, a price-to-earnings ratio of 91.13 and a beta of 1.21.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.Boeing's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.24) earnings per share. On average, equities analysts expect that The Boeing Company will post -0.87 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BA shares. William Blair reiterated an "outperform" rating on shares of Boeing in a research report on Tuesday, July 28th. Sanford C. Bernstein began coverage on shares of Boeing in a report on Tuesday, August 11th. They issued an "outperform" rating for the company. Citigroup cut shares of Boeing from a "buy" rating to a "sell" rating in a research report on Tuesday, August 11th. Btg Pactual set a $260.00 price objective on Boeing in a research report on Tuesday, July 14th. Finally, Barclays lowered Boeing from an "equal weight" rating to an "underweight" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $272.58.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing received a U.S. Department of War indefinite-delivery/indefinite-quantity contract with a ceiling value of $131.23 billion to support the F-15 Eagle Crest program. Although the ceiling is not guaranteed revenue, the award strengthens Boeing’s long-term defense backlog and could provide significant future cash flow. Boeing awarded contract for F-15 program
• Positive Sentiment: Strong maritime-defense demand is supporting Boeing’s P-8 Poseidon business, including a new $156.2 million contract. The award adds evidence that Boeing’s defense segment can supplement its commercial-aircraft recovery. P-8 Poseidon defense growth
• Positive Sentiment: National Airlines accepted its fourth Boeing 777-200 Freighter, highlighting ongoing cargo-aircraft demand and supporting Boeing’s production and delivery activity. National Airlines receives Boeing 777 freighter
• Neutral Sentiment: Analysts continue to focus on Boeing’s ability to increase 737 MAX production against its substantial backlog. Higher output could improve revenue and benefit suppliers, but execution, regulatory oversight and supply-chain constraints remain important risks. Boeing production and suppliers
• Negative Sentiment: Members of the Society of Professional Engineering Employees in Aerospace reportedly rejected Boeing’s proposed agreement by a wide margin. The labor setback raises the risk of extended negotiations, higher costs or disruption to engineering and production programs. SPEEA rejects Boeing proposal
• Negative Sentiment: United Airlines is reconsidering how to use premium seats ordered for delayed 737 MAX 10 aircraft, underscoring the model’s prolonged certification and delivery delays. Continued uncertainty could weigh on Boeing’s delivery targets and customer relationships. United Airlines and 737 MAX 10 delays

Boeing Company Profile

Boeing Company NYSE: BA is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing's principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.

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