World Investment Advisors increased its holdings in The Boeing Company (NYSE:BA – Free Report) by 21.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,048 shares of the aircraft producer’s stock after purchasing an additional 2,461 shares during the quarter. World Investment Advisors’ holdings in Boeing were worth $3,050,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its stake in Boeing by 3.3% during the third quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock worth $1,188,153,000 after purchasing an additional 177,597 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Boeing by 41.1% during the third quarter. Russell Investments Group Ltd. now owns 223,824 shares of the aircraft producer’s stock worth $48,316,000 after purchasing an additional 65,216 shares in the last quarter. Xcel Wealth Management LLC lifted its stake in Boeing by 12.1% during the third quarter. Xcel Wealth Management LLC now owns 49,230 shares of the aircraft producer’s stock worth $10,625,000 after purchasing an additional 5,327 shares in the last quarter. Granite Investment Partners LLC lifted its stake in Boeing by 1,984.0% during the third quarter. Granite Investment Partners LLC now owns 31,448 shares of the aircraft producer’s stock worth $6,787,000 after purchasing an additional 29,939 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Boeing during the fourth quarter worth $55,787,000. Institutional investors and hedge funds own 64.82% of the company’s stock.
More Boeing News
Here are the key news stories impacting Boeing this week:
- Positive Sentiment: China’s reported agreement to buy 200 Boeing aircraft is still a meaningful commercial win and could help Boeing’s backlog and long-term sales outlook. Reuters: Trump says China to potentially buy 750 Boeing planes
- Positive Sentiment: Trump suggested the initial commitment could grow substantially, raising the possibility of a much larger follow-on order if talks progress. NYT/related coverage: Trump Announces Boeing Jet Order From China. Beijing Stays Silent.
- Neutral Sentiment: The deal remains vague, with no clear confirmation from Beijing and limited information on delivery timing, making it hard for investors to assess the financial impact. Bloomberg: Boeing Gets China Deal at Trump’s Visit, With Many Questions
- Negative Sentiment: The market had been expecting a much bigger order, so the reported 200-jet commitment disappointed traders and triggered a selloff in the shares. MarketWatch: Boeing’s stock drops as Trump’s order deal with China disappoints
- Negative Sentiment: Separate headlines about a $49.5 million jury verdict tied to the 737 Max crash add to Boeing’s ongoing legal and reputational overhang. Fortune: Jury awards $49.5 million to family of 24-year-old who died in Boeing 737 Max crash in 2019
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Boeing
Insider Buying and Selling at Boeing
In other Boeing news, EVP Uma M. Amuluru sold 1,503 shares of the firm’s stock in a transaction on 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 directly owned 19,015 shares in the company, valued at $4,445,326.70. This trade represents a 7.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mortimer J. Buckley acquired 2,230 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, for a total transaction of $499,966.00. Following the acquisition, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. The trade was a 101.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is owned by insiders.
Boeing Stock Down 3.7%
Boeing stock opened at $220.63 on Friday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The stock has a market cap of $173.92 billion, a PE ratio of 107.10 and a beta of 1.21. The stock’s fifty day moving average is $217.61 and its two-hundred day moving average is $218.38.
Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion during the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the prior year, the business earned ($0.49) earnings per share. The firm’s quarterly revenue was up 14.0% on a year-over-year basis. On average, sell-side analysts expect that The Boeing Company will post -0.15 EPS for the current fiscal year.
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.
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