Jamison Private Wealth Management Inc. Purchases 15,764 Shares of The Boeing Company $BA

Jamison Private Wealth Management Inc. increased its holdings in The Boeing Company (NYSE:BA) by 217.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 23,029 shares of the aircraft producer’s stock after acquiring an additional 15,764 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Boeing were worth $4,583,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BA. Wells Fargo & Company began coverage on shares of Boeing in a report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target on the stock. Citigroup upped their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Wolfe Research reissued an “outperform” rating and issued a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Tigress Financial raised their price target on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $261.61.

Insider Transactions at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of Boeing 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 owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s return to China is driving optimism after China Southern reportedly placed a $3.62 billion order, including seven freighter aircraft, reinforcing demand in one of the world’s largest aviation markets and boosting the company’s backlog. Boeing (BA) Returns To China With Seven Plane Cargo Order From China Southern
• Positive Sentiment: Recent commentary also highlights improving delivery momentum, a sizable defense award, and a softer interest-rate backdrop, all of which are helping sentiment around Boeing’s cash-flow recovery and operational turnaround. Boeing stock gains as delivery recovery, defense backlog and a softer-rate backdrop lift sentiment
• Positive Sentiment: Analysts and market chatter remain constructive ahead of Boeing’s July 28 second-quarter earnings report, with investors watching for further progress in 737 MAX execution, commercial deliveries, and defense backlog growth. Boeing Stock (BA) Opinions on China Order and Earnings Outlook
• Neutral Sentiment: JetZero’s progress on a new aircraft design underscores long-term competitive pressure on Boeing, but it is more of an industry watch item than an immediate driver of today’s trading. In Mojave Desert, startup JetZero builds novel plane to take on Airbus and Boeing
• Negative Sentiment: A lawsuit involving Boeing-owned Wisk Aero over alleged retaliation tied to safety concerns adds another governance and safety headline, which could weigh on sentiment even if the financial impact is indirect. Boeing-owned Wisk Aero accused of firing manager who raised safety concerns
• Negative Sentiment: Reports of an unplanned IT outage that disrupted factory operations from Washington to Florida highlight ongoing operational fragility and could temper enthusiasm around the recovery story. Boeing says ‘unplanned IT outage’ hit computer systems as factory work from Washington to Florida was disrupted

Boeing Trading Up 3.5%

Shares of BA opened at $226.18 on Friday. The firm has a market cap of $178.30 billion, a price-to-earnings ratio of 109.80 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The firm has a 50 day moving average price of $223.70 and a 200-day moving average price of $224.10.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating the consensus estimate 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. Boeing’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.49) EPS. As a group, equities research analysts forecast that The Boeing Company will post -0.15 earnings per share for the current year.

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.