Riverbend Wealth Management LLC Invests $504,000 in The Boeing Company $BA

Riverbend Wealth Management LLC bought a new stake in shares of The Boeing Company (NYSE:BA) in the 1st quarter, HoldingsChannel.com reports. The fund bought 2,533 shares of the aircraft producer’s stock, valued at approximately $504,000.

Several other large investors have also recently made changes to their positions in BA. Revolve Wealth Partners LLC purchased a new position in Boeing in the fourth quarter valued at $201,000. Sivia Capital Partners LLC boosted its stake in shares of Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after acquiring an additional 217 shares in the last quarter. AXA S.A. boosted its stake in shares of Boeing by 1,225.7% during the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after acquiring an additional 32,041 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of Boeing by 243.8% during the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after acquiring an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Boeing by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after acquiring an additional 53,736 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing won a new Space Force/MUOS defense contract worth up to $2 billion, adding to its government and space backlog and providing a longer-term revenue stream. Article Title
• Positive Sentiment: The EU extended its suspension of retaliatory tariffs in the Boeing-Airbus dispute, reducing the risk of fresh trade pressure on Boeing’s commercial airplane business. Article Title
• Positive Sentiment: Boeing also announced a new cybersecurity-focused SkyGuard service partnership with CYVIATION, a small but constructive sign of product expansion in aviation services. Article Title
• Neutral Sentiment: Comments from Boeing leadership about ongoing ETOPS testing and the 777X suggest there is still “a lot of work to do,” reinforcing that certification and execution risks remain. Article Title
• Negative Sentiment: A Boeing 777 freighter’s extremely low flyover in Texas drew criticism from pilots, creating another headline that could remind investors of operational and safety scrutiny around the brand. Article Title

Boeing Trading Up 0.0%

Shares of Boeing stock opened at $217.31 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The firm has a market capitalization of $171.30 billion, a PE ratio of 105.49 and a beta of 1.20. The firm’s 50-day moving average price is $223.94 and its 200 day moving average price is $223.60.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same quarter last year, the firm posted ($0.49) earnings per share. Boeing’s quarterly revenue was up 14.0% on a year-over-year basis. On average, sell-side analysts predict that The Boeing Company will post -0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Morgan Stanley lifted their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Wolfe Research reissued an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a report on Thursday, April 23rd. Jefferies Financial Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Tigress Financial upped their target price on Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.61.

Insider Activity

In other 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 purchase, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by corporate insiders.

Boeing 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.