W1M Asset Management Ltd Invests $1.82 Million in The Boeing Company $BA

Key Points

• W1M Asset Management acquired 8,395 Boeing shares worth approximately $1.82 million, while institutional investors collectively own 64.82% of the company.
• Boeing faces labor-related risks as roughly 17,000 engineers and technical workers vote on a four-year contract; a rejection could lead to a strike and disrupt production, certification and deliveries.
• Analyst sentiment remains cautiously positive, with a consensus “Moderate Buy” rating and a $272.58 price target, despite Boeing’s quarterly EPS miss and shares opening at $214.20.

W1M Asset Management Ltd acquired a new stake in The Boeing Company (NYSE:BA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,395 shares of the aircraft producer's stock, valued at approximately $1,817,000.

Other large investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing in the 3rd quarter worth approximately $25,000. Strive Financial Group LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $26,000. CrossGen Wealth LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Boeing during the fourth quarter worth $27,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
• Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company
• Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing
• Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today
• Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress
• Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs

Analysts Set New Price Targets

Several research firms have recently commented on BA. BNP Paribas Exane upgraded Boeing from an "underperform" rating to an "outperform" rating and raised their price target for the stock from $230.00 to $300.00 in a research report on Monday, August 3rd. Tigress Financial increased their target price on Boeing from $295.00 to $305.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. William Blair restated an "outperform" rating on shares of Boeing in a report on Tuesday, July 28th. The Goldman Sachs Group lowered shares of Boeing from a "buy" rating to a "hold" rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada reduced their price target on shares of Boeing from $275.00 to $265.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and a consensus target price of $272.58.

Boeing Stock Down 0.4%

BA stock opened at $214.20 on Friday. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The company's 50 day moving average price is $222.11 and its 200 day moving average price is $222.26. 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 firm has a market capitalization of $169.30 billion, a price-to-earnings ratio of 92.73 and a beta of 1.21.

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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $24.26 billion. During the same period in the prior year, the company posted ($1.24) earnings per share. The company's revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities research analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal year.

Boeing 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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