Deutsche Bank AG Acquires Shares of 2,492,058 The Boeing Company $BA

Deutsche Bank AG bought a new stake in The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,492,058 shares of the aircraft producer’s stock, valued at approximately $539,456,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. Perigon Wealth Management LLC acquired a new position in shares of Boeing during the second quarter valued at $2,268,000. Trust Co. of Vermont acquired a new stake in Boeing in the second quarter worth about $630,000. Principle Wealth Partners LLC acquired a new stake in Boeing in the second quarter worth about $4,242,000. Capital Financial Group Inc. Co. ADV bought a new stake in Boeing during the 2nd quarter worth about $316,000. Finally, Focused Wealth Management Inc bought a new stake in Boeing during the 2nd quarter worth about $910,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 2.2%

NYSE:BA opened at $226.48 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The firm has a market capitalization of $179.00 billion, a price-to-earnings ratio of 98.04 and a beta of 1.21. The business’s 50-day moving average price is $221.91 and its two-hundred day moving average price is $222.66.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate 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 negative return on equity of 346.82% and a net margin of 2.41%.Boeing’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.24) earnings per share. On average, equities analysts expect that The Boeing Company will post -0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BA. William Blair reaffirmed an “outperform” rating on shares of Boeing in a research note on Tuesday, July 28th. Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “hold” rating in a research note on Tuesday, August 11th. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. Morgan Stanley increased their price objective on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, Robert W. Baird set a $300.00 price objective on shares of Boeing in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.58.

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden acquired 1,370 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

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.