The Boeing Company $BA Position Lowered by International Assets Investment Management LLC

International Assets Investment Management LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 82.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 6,372 shares of the aircraft producer’s stock after selling 30,090 shares during the period. International Assets Investment Management LLC’s holdings in Boeing were worth $1,225,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Principle Wealth Partners LLC grew its position in Boeing by 0.7% in the third quarter. Principle Wealth Partners LLC now owns 19,739 shares of the aircraft producer’s stock worth $3,673,000 after acquiring an additional 145 shares in the last quarter. Kraematon Investment Advisors Inc. grew its position in shares of Boeing by 1.7% in the third quarter. Kraematon Investment Advisors Inc. now owns 4,165 shares of the aircraft producer’s stock valued at $775,000 after purchasing an additional 70 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Boeing by 4.1% during the third quarter. Kestra Advisory Services LLC now owns 159,237 shares of the aircraft producer’s stock worth $29,626,000 after buying an additional 6,322 shares during the last quarter. Claro Advisors Inc. increased its holdings in shares of Boeing by 7.9% during the 3rd quarter. Claro Advisors Inc. now owns 4,880 shares of the aircraft producer’s stock worth $908,000 after purchasing an additional 358 shares during the period. Finally, MMA Asset Management LLC raised its holdings in Boeing by 22.7% in the 3rd quarter. MMA Asset Management LLC now owns 2,207 shares of the aircraft producer’s stock valued at $411,000 after acquiring an additional 409 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $230.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 28th. Bank of America reissued a “buy” rating and issued a $270.00 price objective on shares of Boeing in a research note on Friday, September 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research note on Monday, October 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $235.00 price target on shares of Boeing in a report on Monday, October 26th. Finally, Sanford C. Bernstein lowered their price objective on Boeing from $278.00 to $223.00 and set an “outperform” rating for the company in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $247.88.

Insider Buying and Selling at Boeing

In related news, Director Steven Mollenkopf bought 2,950 shares of Boeing stock in a transaction that occurred on Friday, October 30th. The stock was purchased at an average cost of $173.03 per share, with a total value of $510,438.50. Following the purchase, the director owned 6,717 shares in the company, valued at approximately $1,162,242.51. This trade represents a 78.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mortimer Buckley acquired 5,820 shares of Boeing stock in a transaction dated Friday, October 30th. The shares were purchased at an average cost of $171.55 per share, with a total value of $998,421.00. Following the completion of the transaction, the director directly owned 10,250 shares of the company’s stock, valued at $1,758,387.50. This trade represents a 131.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.10% of the company’s stock.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s reported $745 billion order book points to substantial longer-term demand for its aircraft, providing a potential offset to concerns about the pace of production. Article: Boeing (BA): A Top 10 Dow Stock for 2027 With a Record $745B of Orders
• Negative Sentiment: Boeing plans to cut about 5% of its commercial-airplane workforce through layoffs and attrition because production is increasing more slowly than previously expected. The announcement underscores a more cautious production ramp and may weigh on confidence in the division’s recovery, even as staffing reductions could help control costs. Article: Boeing to cut 5% of commercial airplane workforce as production increase is slower than expected

Boeing Stock Down 0.4%

Shares of NYSE:BA opened at $172.64 on Tuesday. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.34 and a current ratio of 1.13. The Boeing Company has a 52 week low of $165.01 and a 52 week high of $254.35. The company has a 50 day moving average price of $191.65 and a two-hundred day moving average price of $215.03. The company has a market capitalization of $136.81 billion, a PE ratio of 18.79 and a beta of 1.34.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The business had revenue of $24.19 billion for the quarter, compared to the consensus estimate of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($7.47) earnings per share. Analysts forecast that The Boeing Company will post -1.84 earnings per share for the current year.

About Boeing

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world.

Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.

Founded in 1916 by William Boeing, the company has grown into a global aerospace business serving customers across the Americas, Europe, Asia and other regions.