Allworth Financial LP Cuts Stock Holdings in The Boeing Company $BA

Allworth Financial LP lowered its stake in The Boeing Company (NYSE:BA) by 6.9% during the 4th quarter, Holdings Channel reports. The firm owned 39,167 shares of the aircraft producer’s stock after selling 2,908 shares during the quarter. Allworth Financial LP’s holdings in Boeing were worth $8,504,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Measured Wealth Private Client Group LLC purchased a new position in Boeing during the third quarter worth $25,000. Ares Financial Consulting LLC purchased a new stake in Boeing in the 4th quarter worth about $26,000. Strategic Wealth Advisors LLC bought a new stake in Boeing in the fourth quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in Boeing in the fourth quarter worth about $28,000. Finally, American National Bank & Trust boosted its position in shares of Boeing by 124.2% during the fourth quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock valued at $30,000 after buying an additional 77 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In other news, Director Mortimer J. Buckley acquired 2,230 shares of Boeing stock in a transaction that occurred on Tuesday, March 3rd. The stock was purchased at an average price of $224.20 per share, for a total transaction of $499,966.00. Following the purchase, the director directly owned 4,430 shares in the company, valued at $993,206. The trade was a 101.36% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 1,503 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total transaction of $351,371.34. Following the completion of the sale, the executive vice president owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. This trade represents a 7.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Trending Headlines about 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 Price Performance

Shares of BA stock opened at $220.63 on Friday. The stock’s 50-day moving average is $217.61 and its 200 day moving average is $218.38. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. 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 company has a market cap of $173.92 billion, a P/E ratio of 107.10 and a beta of 1.21.

Boeing (NYSE:BA) last announced its 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 firm had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.49) earnings per share. Research analysts predict that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Argus raised Boeing to a “hold” rating in a research note on Monday, February 2nd. Tigress Financial boosted their price objective on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company initiated coverage on Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective on the stock. Royal Bank Of Canada increased 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. Finally, Morgan Stanley lifted their target price on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Two equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.60.

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.