ARS Investment Partners LLC Acquires 52,231 Shares of The Boeing Company $BA

ARS Investment Partners LLC lifted its holdings in shares of The Boeing Company (NYSE:BA) by 49.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 158,292 shares of the aircraft producer’s stock after acquiring an additional 52,231 shares during the quarter. Boeing makes up 2.0% of ARS Investment Partners LLC’s portfolio, making the stock its 18th biggest position. ARS Investment Partners LLC’s holdings in Boeing were worth $34,368,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Staley Capital Advisers Inc. raised its holdings in shares of Boeing by 1.8% during the fourth quarter. Staley Capital Advisers Inc. now owns 315,518 shares of the aircraft producer’s stock valued at $68,505,000 after acquiring an additional 5,528 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its holdings in shares of Boeing by 97.3% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 18,251 shares of the aircraft producer’s stock valued at $3,963,000 after acquiring an additional 9,002 shares in the last quarter. Accredited Investors Inc. raised its holdings in shares of Boeing by 23.6% during the fourth quarter. Accredited Investors Inc. now owns 1,440 shares of the aircraft producer’s stock valued at $313,000 after acquiring an additional 275 shares in the last quarter. Millennium Capital Advisors LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $1,006,000. Finally, Canada Post Corp Registered Pension Plan raised its holdings in shares of Boeing by 15.7% during the fourth quarter. Canada Post Corp Registered Pension Plan now owns 44,958 shares of the aircraft producer’s stock valued at $9,761,000 after acquiring an additional 6,086 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Mortimer J. Buckley purchased 2,230 shares of Boeing stock in a transaction that occurred on Tuesday, March 3rd. The shares were bought at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the purchase, the director directly owned 4,430 shares in the company, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the sale, the senior vice president directly owned 13,978 shares in the company, valued at approximately $3,401,825.86. This represents a 31.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent analyst reports. UBS Group upped their target price on Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Tigress Financial upped their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a report on Wednesday, January 28th. Vertical Research restated a “buy” rating and set a $281.00 target price on shares of Boeing in a report on Tuesday, January 27th. Finally, Morgan Stanley upped their target price on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $259.60.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China’s reported agreement to buy 200 Boeing aircraft is still a meaningful commercial win and could help Boeing’s backlog and long-term sales outlook. Reuters: Trump says China to potentially buy 750 Boeing planes
• Positive Sentiment: Trump suggested the initial commitment could grow substantially, raising the possibility of a much larger follow-on order if talks progress. NYT/related coverage: Trump Announces Boeing Jet Order From China. Beijing Stays Silent.
• Neutral Sentiment: The deal remains vague, with no clear confirmation from Beijing and limited information on delivery timing, making it hard for investors to assess the financial impact. Bloomberg: Boeing Gets China Deal at Trump’s Visit, With Many Questions
• Negative Sentiment: The market had been expecting a much bigger order, so the reported 200-jet commitment disappointed traders and triggered a selloff in the shares. MarketWatch: Boeing’s stock drops as Trump’s order deal with China disappoints
• Negative Sentiment: Separate headlines about a $49.5 million jury verdict tied to the 737 Max crash add to Boeing’s ongoing legal and reputational overhang. Fortune: Jury awards $49.5 million to family of 24-year-old who died in Boeing 737 Max crash in 2019

Boeing Price Performance

Shares of BA stock opened at $220.63 on Friday. The stock has a market cap of $173.92 billion, a price-to-earnings ratio of 107.10 and a beta of 1.21. The business’s fifty day moving average is $217.61 and its 200 day moving average is $218.38. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Boeing’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company earned ($0.49) earnings per share. Research analysts expect that The Boeing Company will post -0.15 EPS for the current fiscal year.

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.