First Citizens Bank & Trust Co. Cuts Stake in The Boeing Company $BA

First Citizens Bank & Trust Co. lowered its stake in shares of The Boeing Company (NYSE:BA) by 68.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,407 shares of the aircraft producer’s stock after selling 14,218 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Boeing were worth $1,275,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Princeton Capital Management LLC increased its position in shares of Boeing by 78.3% in the 4th quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock worth $2,660,000 after purchasing an additional 5,381 shares during the last quarter. Rakuten Investment Management Inc. increased its stake in Boeing by 502.3% during the fourth quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock valued at $22,398,000 after purchasing an additional 85,982 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in Boeing during the first quarter valued at $7,961,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Boeing during the fourth quarter worth $55,787,000. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Boeing by 103.8% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock worth $2,237,000 after purchasing an additional 5,726 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $209.03 on Friday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The company has a market cap of $164.78 billion, a price-to-earnings ratio of 101.47 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The firm has a fifty day moving average of $219.57 and a 200-day moving average of $224.46.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The firm 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 period last year, the business earned ($0.49) EPS. As a group, equities analysts anticipate that The Boeing Company will post -0.33 earnings per share for the current year.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is making progress toward FAA certification of the 737 Max 10, with more than 1,500 aircraft orders waiting for approval; a green light this fall could lift future delivery and revenue prospects. Boeing Nears Max 10 Certification With 1,500+ Orders Awaiting Approval
• Positive Sentiment: The company continues to see stronger commercial deliveries and production gains heading into Q2, which could help revenue growth if supply constraints do not worsen. Buy, Hold or Sell Boeing Stock? Key Insights Ahead of Q2 Earnings
• Positive Sentiment: Boeing won a quiet order race at the Farnborough airshow, reinforcing that demand for its aircraft remains intact even as the broader aerospace industry faces supply limits. Boeing Wins Quiet Airshow Order Race
• Neutral Sentiment: Analysts and market commentary remain focused on Boeing’s upcoming Q2 results, including revenue, EPS, deliveries, and cash flow, making the report the next major catalyst for the stock. Exploring Analyst Estimates for Boeing (BA) Q2 Earnings, Beyond Revenue and EPS
• Neutral Sentiment: Industry coverage from Farnborough suggested Boeing and Airbus are still divided by production-rate expectations, underscoring that execution, not just demand, will determine the pace of recovery. Airbus, Boeing fly in different directions at Farnborough
• Negative Sentiment: Reports that China is seeking new Boeing order terms are adding uncertainty to a key international market and raising doubts about the durability of the Trump-Xi deal backdrop. China is said to seek new Boeing order terms, raising doubts on Trump-Xi deal
• Negative Sentiment: Traders are also weighing supply-chain bottlenecks and a bearish chart setup, with Boeing trading below key moving averages ahead of earnings. Boeing Stock Sits Below All Four Key Moving Averages Ahead of Q2 Earnings

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BA. Wells Fargo & Company started coverage on shares of Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target on the stock. Wolfe Research reiterated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Tigress Financial raised their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Btg Pactual set a $260.00 target price on Boeing in a research note on Tuesday, July 14th. Finally, Citigroup upped their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $261.53.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.10% of the stock is owned by insiders.

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.