D Orazio & Associates Inc. Purchases New Stake in The Boeing Company $BA

D Orazio & Associates Inc. acquired a new position in The Boeing Company (NYSE:BA) in the 4th quarter, Holdings Channel reports. The firm acquired 9,355 shares of the aircraft producer’s stock, valued at approximately $2,031,000.

Several other hedge funds also recently added to or reduced their stakes in BA. Vanguard Group Inc. grew its position in Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after acquiring an additional 3,460,021 shares during the period. Newport Trust Company LLC grew its position in Boeing by 2.5% in the third quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock worth $6,301,901,000 after acquiring an additional 707,490 shares during the period. Great Lakes Advisors LLC grew its position in Boeing by 25,532.3% in the third quarter. Great Lakes Advisors LLC now owns 424,983 shares of the aircraft producer’s stock worth $91,725,000 after acquiring an additional 423,325 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in Boeing in the fourth quarter worth approximately $89,368,000. Finally, Bessemer Group Inc. grew its position in Boeing by 50.3% in the third quarter. Bessemer Group Inc. now owns 1,069,819 shares of the aircraft producer’s stock worth $230,900,000 after acquiring an additional 357,995 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: CEO Kelly Ortberg is reportedly set to accompany President Trump on a China visit, which could improve Boeing’s chances of landing major aircraft orders. Boeing CEO Kelly Ortberg set to join Trump on China visit next week
• Positive Sentiment: Reports that Trump invited Boeing’s CEO to Beijing and that Boeing’s China order hopes are reviving have fueled optimism about future demand. Boeing’s China Order Hopes Revive As Trump Invites CEO To Beijing Visit: Report
• Positive Sentiment: Boeing continues to benefit from fresh commercial wins and program momentum, including recent aircraft orders and training-related deals with airline customers. Should Boeing’s Integrated Jet Orders and Training Deals Prompt Action From Boeing (BA) Investors?
• Positive Sentiment: Ukraine’s approval to pursue up to $374 million in Boeing JDAM bomb kits adds a modest defense-related tailwind. Ukraine Gets Approval For Up To $374 Million Boeing Bomb Kit Purchase
• Neutral Sentiment: Boeing was mentioned in broader trade and China-visit coverage, but those headlines mainly reinforce the same theme of possible diplomacy-driven order opportunities. White House scales back CEO group for China trip
• Neutral Sentiment: DP Aircraft I’s refinancing of a Boeing 787 fleet is a positive sign for the aircraft’s financing environment, but it is not a direct earnings driver for Boeing. DP Aircraft I Secures Long-Term Refinancing for Boeing 787 Fleet
• Neutral Sentiment: News that Boeing pulled out of the Invictus Games is unlikely to materially affect the company’s financial outlook. Boeing Stock (NYSE:BA) Gains After Pulling Out of Invictus Games

Boeing Stock Up 2.9%

Shares of NYSE BA opened at $237.65 on Friday. The stock has a market cap of $187.34 billion, a P/E ratio of 115.36 and a beta of 1.21. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The business’s fifty day simple moving average is $216.90 and its 200-day simple moving average is $217.70.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. The firm’s revenue was up 14.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.49) earnings per share. As a group, equities analysts predict that The Boeing Company will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 1,503 shares of Boeing stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total transaction of $351,371.34. Following the sale, the executive vice president owned 19,015 shares in the company, valued at approximately $4,445,326.70. The trade was a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley bought 2,230 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the transaction, the director directly owned 4,430 shares of the company’s stock, valued at approximately $993,206. This represents a 101.36% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BA has been the subject of several analyst reports. Vertical Research reiterated a “buy” rating and issued a $281.00 price objective on shares of Boeing in a research report on Tuesday, January 27th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. Wells Fargo & Company initiated coverage on Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Finally, Tigress Financial raised their price target on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $259.60.

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.