Income Insurance Ltd Buys Shares of 2,258 The Boeing Company $BA

Income Insurance Ltd bought a new stake in The Boeing Company (NYSE:BA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,258 shares of the aircraft producer’s stock, valued at approximately $490,000.

Several other large investors also recently added to or reduced their stakes in BA. Vanguard Group Inc. grew its holdings in Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after buying an additional 3,460,021 shares in the last quarter. Newport Trust Company LLC grew its holdings in Boeing by 2.5% in the 3rd quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock valued at $6,301,901,000 after buying an additional 707,490 shares in the last quarter. Great Lakes Advisors LLC lifted its stake in shares of Boeing by 25,532.3% in the 3rd quarter. Great Lakes Advisors LLC now owns 424,983 shares of the aircraft producer’s stock valued at $91,725,000 after purchasing an additional 423,325 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Boeing in the 4th quarter valued at $89,368,000. Finally, Bessemer Group Inc. lifted its stake in shares of Boeing by 50.3% in the 3rd quarter. Bessemer Group Inc. now owns 1,069,819 shares of the aircraft producer’s stock valued at $230,900,000 after purchasing an additional 357,995 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: CEO Kelly Ortberg is reportedly set to accompany President Trump on a China visit, which could improve Boeing’s chances of landing major aircraft orders. Boeing CEO Kelly Ortberg set to join Trump on China visit next week
• Positive Sentiment: Reports that Trump invited Boeing’s CEO to Beijing and that Boeing’s China order hopes are reviving have fueled optimism about future demand. Boeing’s China Order Hopes Revive As Trump Invites CEO To Beijing Visit: Report
• Positive Sentiment: Boeing continues to benefit from fresh commercial wins and program momentum, including recent aircraft orders and training-related deals with airline customers. Should Boeing’s Integrated Jet Orders and Training Deals Prompt Action From Boeing (BA) Investors?
• Positive Sentiment: Ukraine’s approval to pursue up to $374 million in Boeing JDAM bomb kits adds a modest defense-related tailwind. Ukraine Gets Approval For Up To $374 Million Boeing Bomb Kit Purchase
• Neutral Sentiment: Boeing was mentioned in broader trade and China-visit coverage, but those headlines mainly reinforce the same theme of possible diplomacy-driven order opportunities. White House scales back CEO group for China trip
• Neutral Sentiment: DP Aircraft I’s refinancing of a Boeing 787 fleet is a positive sign for the aircraft’s financing environment, but it is not a direct earnings driver for Boeing. DP Aircraft I Secures Long-Term Refinancing for Boeing 787 Fleet
• Neutral Sentiment: News that Boeing pulled out of the Invictus Games is unlikely to materially affect the company’s financial outlook. Boeing Stock (NYSE:BA) Gains After Pulling Out of Invictus Games

Boeing Price Performance

BA opened at $237.65 on Friday. The stock’s 50-day moving average price is $216.90 and its 200 day moving average price is $217.70. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. 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 firm has a market cap of $187.34 billion, a price-to-earnings ratio of 115.36 and a beta of 1.21.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (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 analyst estimates of $22.15 billion. During the same period in the previous year, the company posted ($0.49) EPS. Boeing’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts expect that The Boeing Company will post -0.15 earnings per share for the current year.

Insiders Place Their Bets

In other Boeing news, SVP Ann M. Schmidt sold 6,281 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $243.37, for a total transaction of $1,528,606.97. Following the sale, the senior vice president owned 13,978 shares in the company, valued at $3,401,825.86. This represents a 31.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Uma M. Amuluru sold 1,503 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the sale, the executive vice president owned 19,015 shares in the company, valued at approximately $4,445,326.70. This trade represents a 7.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

BA has been the topic of several recent analyst reports. Weiss Ratings lowered Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research note on Wednesday, January 28th. Tigress Financial upped their price target on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Vertical Research reaffirmed a “buy” rating and issued a $281.00 price target on shares of Boeing in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. upped their price target on Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $259.60.

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.