Keystone Financial Group Trims Holdings in The Boeing Company $BA

Keystone Financial Group trimmed its position in The Boeing Company (NYSE:BA) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,858 shares of the aircraft producer’s stock after selling 2,545 shares during the quarter. Keystone Financial Group’s holdings in Boeing were worth $5,831,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of BA. Vanguard Group Inc. raised its stake in shares of Boeing by 5.1% in the fourth 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 raised its stake in shares of Boeing by 2.5% in the third quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock worth $6,301,901,000 after purchasing an additional 707,490 shares during the last quarter. Great Lakes Advisors LLC raised its stake in shares of Boeing by 25,532.3% in the third quarter. Great Lakes Advisors LLC now owns 424,983 shares of the aircraft producer’s stock worth $91,725,000 after purchasing an additional 423,325 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Boeing in the fourth quarter worth about $89,368,000. Finally, Bessemer Group Inc. raised its stake in shares of Boeing by 50.3% in the third quarter. Bessemer Group Inc. now owns 1,069,819 shares of the aircraft producer’s stock worth $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.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Royal Bank Of Canada raised their target price on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Wolfe Research reaffirmed an “outperform” rating and set a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. UBS Group raised their target price on Boeing from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Boeing in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China formally confirmed a 200-jet order from Boeing, reinforcing demand for the company’s commercial aircraft and signaling easing trade tensions. Beijing Confirms Boeing Aircraft Order Following Trump’s China Visit—Xi Jinping Seeks To End $30 Billion In Reciprocal Tariffs With US
• Positive Sentiment: Citi said the recent BA selloff is a “gift” and raised its price target to $260, a bullish analyst signal that suggests Wall Street sees further upside from the recent weakness. Citi calls Boeing selloff a ‘gift’ and lifts BA target to $260
• Positive Sentiment: Articles highlighted Boeing’s record $695 billion backlog, rising deliveries, and defense growth, which improve revenue visibility and support the recovery story. Is Boeing’s Growing Backlog Strengthening Its Recovery Prospects?
• Positive Sentiment: Boeing also announced a partnership with Gilat Satellite Networks to offer improved in-flight connectivity as a factory-installed option, adding another product/technology angle for future aircraft sales. Boeing Bets On Gilat Antennas As Connectivity Becomes Core For Investors
• Neutral Sentiment: Coverage around Boeing’s former IMAX theater being left out of new features is mostly a novelty item and is unlikely to materially affect the stock. “A Blow to Movie Buffs”: Boeing Stock (NYSE:BA) Slips as Former Boeing IMAX Theater Stays Out of Features
• Negative Sentiment: Some traders were disappointed the China order was for 200 planes rather than the larger number initially rumored, which helped explain some of the stock’s volatility despite the headline win. Fresh China deal gives hope for whipsawed Boeing shares

Insider Activity at Boeing

In other Boeing news, Director Mortimer J. Buckley acquired 2,230 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the acquisition, the director owned 4,430 shares in the company, valued at approximately $993,206. This trade represents a 101.36% increase in their ownership of the stock. The purchase 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 firm’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the sale, the executive vice president directly owned 19,015 shares in the company, valued at approximately $4,445,326.70. The trade was a 7.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.10% of the stock is currently owned by company insiders.

Boeing Stock Down 1.1%

Shares of BA opened at $219.72 on Friday. 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 12 month low of $176.77 and a 12 month high of $254.35. The stock’s 50 day moving average is $217.24 and its two-hundred day moving average is $218.62. The firm has a market cap of $173.21 billion, a P/E ratio of 106.66 and a beta of 1.21.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating the consensus estimate 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 period in the previous year, the business posted ($0.49) earnings per share. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. Analysts predict that The Boeing Company will post -0.15 earnings per share 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.