7,169 Shares in The Boeing Company $BA Bought by United Bank

United Bank acquired a new stake in shares of The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,169 shares of the aircraft producer’s stock, valued at approximately $1,552,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Revolve Wealth Partners LLC purchased a new stake in shares of Boeing during the fourth quarter valued at about $201,000. Sivia Capital Partners LLC grew its position in shares of Boeing by 16.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after buying an additional 217 shares during the last quarter. AXA S.A. grew its position in shares of Boeing by 1,225.7% in the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after buying an additional 32,041 shares during the last quarter. Ieq Capital LLC grew its position in shares of 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 during the last quarter. Finally, Alliancebernstein L.P. raised its stake 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 worth $279,608,000 after acquiring an additional 53,736 shares in 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 is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Boeing Stock Down 0.6%

BA stock opened at $221.79 on Thursday. The stock has a market capitalization of $175.30 billion, a PE ratio of 96.01 and a beta of 1.21. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The firm has a 50 day moving average of $222.33 and a 200 day moving average of $222.44.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.24) EPS. Sell-side analysts forecast that The Boeing Company will post -0.87 earnings per share for the current year.

Analyst Ratings Changes

BA has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada cut their price target on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a report on Wednesday, July 29th. Barclays lowered Boeing from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 11th. Citigroup cut Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Finally, Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.58.

About Boeing

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.