Canada Post Corp Registered Pension Plan Buys 6,086 Shares of The Boeing Company $BA

Canada Post Corp Registered Pension Plan grew its stake in The Boeing Company (NYSE:BA) by 15.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 44,958 shares of the aircraft producer’s stock after buying an additional 6,086 shares during the quarter. Canada Post Corp Registered Pension Plan’s holdings in Boeing were worth $9,761,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BA. Vanguard Group Inc. increased its stake in Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after acquiring an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC lifted its stake in Boeing by 2.5% during 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 purchasing an additional 707,490 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in Boeing by 25,532.3% during the third quarter. Great Lakes Advisors LLC now owns 424,983 shares of the aircraft producer’s stock worth $91,725,000 after purchasing an additional 423,325 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Boeing in the 4th quarter worth about $89,368,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Boeing by 50.3% in the 3rd quarter. Bessemer Group Inc. now owns 1,069,819 shares of the aircraft producer’s stock worth $230,900,000 after purchasing an additional 357,995 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 the stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the acquisition, the director directly owned 4,430 shares of the company’s stock, valued at $993,206. This represents a 101.36% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Ann M. Schmidt sold 6,281 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the sale, the senior vice president directly owned 13,978 shares of the company’s stock, valued at $3,401,825.86. The trade was a 31.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. UBS Group raised their price objective on Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Royal Bank Of Canada upped their target price on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Sanford C. Bernstein reissued an “outperform” rating on shares of Boeing in a research note on Wednesday, January 28th. Finally, TD Cowen restated a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.60.

Boeing Trading Down 3.7%

Shares of BA stock opened at $220.63 on Friday. The business has a 50-day moving average of $217.61 and a 200 day moving average of $218.38. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The stock has a market capitalization of $173.92 billion, a PE ratio of 107.10 and a beta of 1.21.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company 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 last year, the firm earned ($0.49) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current year.

Key Stories Impacting Boeing

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 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.