Focus Partners Advisor Solutions LLC Buys 6,716 Shares of The Boeing Company $BA

Focus Partners Advisor Solutions LLC increased its stake in shares of The Boeing Company (NYSE:BA) by 48.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,535 shares of the aircraft producer’s stock after acquiring an additional 6,716 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Boeing were worth $4,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FCA Corp TX bought a new position in Boeing during the 4th quarter worth approximately $202,000. Commonwealth Retirement Investments LLC bought a new position in Boeing during the 4th quarter worth approximately $38,000. TIAA Trust National Association grew its position in Boeing by 34.8% during the 4th quarter. TIAA Trust National Association now owns 204,265 shares of the aircraft producer’s stock worth $44,350,000 after acquiring an additional 52,735 shares during the last quarter. Cerity Partners LLC grew its position in Boeing by 45.0% during the 4th quarter. Cerity Partners LLC now owns 213,976 shares of the aircraft producer’s stock worth $46,460,000 after acquiring an additional 66,398 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Boeing by 3.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 83,277 shares of the aircraft producer’s stock worth $18,081,000 after buying an additional 3,024 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BA shares. Wells Fargo & Company started coverage on Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Tigress Financial increased their price objective on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Citigroup increased their price objective on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Morgan Stanley increased their price objective on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Finally, Wolfe Research reiterated an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $259.80.

Boeing Stock Down 0.6%

Shares of NYSE:BA opened at $214.61 on Wednesday. The stock has a fifty day simple moving average of $221.70 and a two-hundred day simple moving average of $220.90. The stock has a market capitalization of $169.18 billion, a price-to-earnings ratio of 104.18 and a beta of 1.19. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.49) earnings per share. On average, research analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Insider Activity

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

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported 60 aircraft deliveries in May, a 33% increase from a year ago, with 737 MAX handovers recovering and suggesting better production and cash-flow momentum. Reuters: Boeing jet deliveries jump to 60 in May, 33% higher than last year
• Positive Sentiment: Brazil’s ANAC said it expects the 737 MAX 10 to be certified by the FAA this year and plans to quickly validate the decision locally, which could help Boeing move a long-delayed aircraft closer to service. Reuters: Brazil regulator expects MAX 10 certification this year
• Positive Sentiment: Analysts at Jefferies and Wells Fargo reiterated bullish views on Boeing, reinforcing the idea that Wall Street sees upside if deliveries and certifications continue to improve. InsiderMonkey: Jefferies, Wells Fargo Maintain Bullish Outlook on The Boeing Company (BA)
• Neutral Sentiment: Boeing also cleared a key 777X certification hurdle, which is encouraging for the widebody program, but the jet is still years behind schedule and not yet a near-term earnings driver. Yahoo Finance: Boeing Clears Key 777X Certification Hurdle
• Negative Sentiment: Boeing was asked to fix a KC-46 aerial refueling tanker vision-system issue before any additional U.S. Air Force order, highlighting ongoing product-quality and defense-program risk. Yahoo Finance: Market Chatter: Boeing Asked to Fix Aerial Refueling Tanker Vision-System Issue Before Additional US Air Force Order
• Negative Sentiment: The upcoming final report on the Air India 787 crash is keeping safety-related headlines in focus and could create additional volatility for Boeing shares. Yahoo Finance: The Boeing Air India Crash Was Almost a Year Ago. The Full Investigation Report Is Coming Soon.

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.