The Boeing Company $BA Stock Bought by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. boosted its position in shares of The Boeing Company (NYSE:BA) by 7.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 44,899 shares of the aircraft producer’s stock after acquiring an additional 3,018 shares during the quarter. Boeing comprises about 2.8% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 16th largest position. Verde Servicos Internacionais S.A.’s holdings in Boeing were worth $8,353,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BA. Center for Financial Planning Inc. raised its position in Boeing by 39.1% during the 3rd quarter. Center for Financial Planning Inc. now owns 1,153 shares of the aircraft producer’s stock worth $215,000 after buying an additional 324 shares during the last quarter. Plimoth Trust Co. LLC acquired a new stake in Boeing during the 3rd quarter valued at approximately $238,000. Hourglass Capital LLC acquired a new stake in Boeing during the 3rd quarter valued at approximately $279,000. Leo Wealth LLC purchased a new stake in shares of Boeing in the 3rd quarter valued at $461,000. Finally, Holos Integrated Wealth LLC boosted its holdings in shares of Boeing by 38.5% in the 3rd quarter. Holos Integrated Wealth LLC now owns 360 shares of the aircraft producer’s stock valued at $69,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s total backlog reached a record approximately $745 billion, increasing by about $30 billion during the quarter and including more than 6,300 commercial aircraft. The 737-10 also received amended type certification from the FAA, removing a significant regulatory overhang. Boeing’s backlog and 737 MAX 10 certification
• Positive Sentiment: Cash performance improved: operating cash flow was about $1.5 billion and free cash flow was approximately $464 million to $500 million, compared with negative cash generation in the prior-year period. Revenue rose 3.9% year over year to $24.19 billion, while defense and services delivered stronger results. Boeing third-quarter financial results
• Positive Sentiment: Boeing was selected by the U.S. Navy to design and build the F/A-XX next-generation fighter aircraft, adding support for its defense business and long-term order pipeline. Boeing third-quarter results announcement
• Neutral Sentiment: The company’s GAAP net loss narrowed substantially to $116 million, or $0.26 per share, from $5.3 billion a year earlier. However, adjusted loss per share was $0.34, missing the roughly $0.25 analyst consensus despite revenue exceeding estimates. Boeing earnings report
• Negative Sentiment: Commercial Airplanes remained the central concern, recording a $697 million operating loss and a negative 6.5% margin despite 161 deliveries. Supply-chain costs, production changes and an unfavorable delivery mix continued to pressure profitability. Boeing production challenges
• Negative Sentiment: Management lowered its 737 MAX delivery expectations and said the production ramp will be deliberate, with a target of 52 jets per month pushed into the second half of next year. The delay undermines confidence in Boeing’s turnaround timeline and overshadowed the record backlog and positive cash flow. Boeing 737 MAX production ramp

Boeing Stock Performance

Shares of BA stock opened at $168.09 on Wednesday. The stock’s fifty day moving average is $199.09 and its two-hundred day moving average is $218.16. The Boeing Company has a fifty-two week low of $167.41 and a fifty-two week high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.09). The company had revenue of $24.19 billion for the quarter, compared to the consensus estimate of $23.95 billion. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($7.47) earnings per share. On average, equities analysts predict that The Boeing Company will post -1.08 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on BA. JPMorgan Chase & Co. restated a “buy” rating on shares of Boeing in a research note on Sunday, September 27th. Bank of America reaffirmed a “buy” rating and set a $270.00 price objective on shares of Boeing in a research note on Friday, September 18th. Rothschild & Co Redburn lifted their target price on shares of Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Morgan Stanley decreased their target price on shares of Boeing from $250.00 to $225.00 and set an “equal weight” rating for the company in a research note on Friday, October 16th. Finally, Robert W. Baird set a $300.00 price objective on shares of Boeing and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $266.31.

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.