The Boeing Company $BA Shares Bought by Cibc World Market Inc.

Cibc World Market Inc. lifted its position in The Boeing Company (NYSE:BA) by 88.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 134,362 shares of the aircraft producer’s stock after buying an additional 63,059 shares during the quarter. Cibc World Market Inc.’s holdings in Boeing were worth $29,173,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BA. Vanguard Group Inc. grew its stake in shares of Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after purchasing an additional 3,460,021 shares during the last quarter. Newport Trust Company LLC boosted its stake in shares of Boeing by 1.0% during the 4th quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock worth $6,401,847,000 after acquiring an additional 286,848 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Boeing by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after acquiring an additional 533,753 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Boeing by 2.5% during the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock worth $1,224,752,000 after purchasing an additional 135,860 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Boeing by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 3,613,462 shares of the aircraft producer’s stock worth $784,555,000 after purchasing an additional 89,106 shares during the period. Institutional investors own 64.82% of the company’s stock.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Qantas is reportedly considering a roughly 20-aircraft wide-body order and has opened talks with Boeing and Airbus, keeping Boeing in contention for a meaningful sale. Qantas weighs order for 20 Boeing or Airbus wide-body jets, sources say
• Positive Sentiment: Reports that Boeing may raise 737 production above its stated 63-jet monthly target suggest confidence in demand and could improve delivery momentum if supply-chain constraints allow. Boeing weighs 737 ramp-up to approach Airbus production targets, Air Current reports
• Positive Sentiment: Analysts and commentary pointed to Boeing’s improving commercial delivery momentum and a large backlog, reinforcing the case for a recovery in operations. Can Boeing’s Commercial Aircraft Delivery Momentum Lift Performance?
• Neutral Sentiment: China is being discussed as a possible source of further aircraft purchases, which would be a helpful signal for demand, but no firm order has been announced yet. China Considering Further Aircraft Purchases, Boeing Stock (NYSE:BA) Jumps
• Negative Sentiment: A Lufthansa Boeing 787-9 incident in Frankfurt, where the nose gear collapsed and injured workers, is a fresh operational and safety headline that could renew scrutiny of Boeing aircraft reliability. Nose Gear on Boeing 787-9 Dreamliner Collapses, Injuring Several Workers
• Negative Sentiment: Separate commentary noted Boeing’s shares have been under pressure recently amid operational challenges and regulatory scrutiny, highlighting that investor confidence remains fragile. Is Boeing (BA) Now Attractive After Recent Share Price Weakness And Mixed Valuation Signals?

Insider Buying and Selling

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares in the company, valued at $299,345. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BA. Citigroup increased their price target on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Wolfe Research reiterated an “outperform” rating and issued a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. Tigress Financial lifted their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.80.

Boeing Price Performance

BA opened at $217.27 on Friday. The stock has a fifty day moving average price of $220.47 and a 200 day moving average price of $220.34. 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 1 year low of $176.77 and a 1 year high of $254.35. The stock has a market cap of $171.27 billion, a price-to-earnings ratio of 105.47 and a beta of 1.19.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates 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. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the business earned ($0.49) earnings per share. Analysts forecast that The Boeing Company will post -0.15 EPS for the current fiscal year.

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.