Vestor Capital LLC Lowers Position in The Boeing Company $BA

Vestor Capital LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 92.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,798 shares of the aircraft producer’s stock after selling 36,631 shares during the quarter. Vestor Capital LLC’s holdings in Boeing were worth $557,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC purchased a new stake in shares of Boeing in the fourth quarter valued at approximately $201,000. Sivia Capital Partners LLC grew its holdings in Boeing by 16.5% during the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after acquiring an additional 217 shares during the period. AXA S.A. raised its position in Boeing by 1,225.7% in the second quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after acquiring an additional 32,041 shares in the last quarter. Ieq Capital LLC lifted its holdings in Boeing by 243.8% in the second quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock valued at $7,016,000 after acquiring an additional 23,746 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Boeing by 4.2% in the second quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after acquiring an additional 53,736 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. Btg Pactual set a $260.00 price target on shares of Boeing in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. William Blair reissued an “outperform” rating on shares of Boeing in a report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Boeing in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $264.42.

Boeing Stock Up 3.3%

Boeing stock opened at $221.13 on Friday. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.35 and a current ratio of 1.14. The firm has a market capitalization of $174.77 billion, a price-to-earnings ratio of 95.73 and a beta of 1.21. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The stock’s fifty day moving average is $219.19 and its two-hundred day moving average is $223.98.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The firm had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.24) EPS. Analysts predict that The Boeing Company will post -0.33 EPS for the current fiscal year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s delivery pace is accelerating, a key driver of future revenue and cash generation. Higher 737 and 787 output, combined with a record $715 billion backlog, supports the bullish view that production improvements could translate into substantially stronger free cash flow. Boeing delivery pace and free cash flow
• Positive Sentiment: Certification progress and restored FAA self-certification authority for the 737 MAX and 787 represent important operational milestones that could help Boeing increase output and reduce delivery bottlenecks. BA Q2 earnings call highlights
• Positive Sentiment: Analyst sentiment remains supportive: JPMorgan raised its Boeing price target to $290 and maintained an “overweight” rating, while RBC retained an “outperform” rating with a $265 target. Boeing analyst price targets
• Neutral Sentiment: National Airlines’ delivery of a third Boeing 777-200 freighter highlights continued customer demand for Boeing aircraft, although the announcement has limited direct near-term financial impact. National Airlines Boeing 777 freighter delivery
• Negative Sentiment: Boeing still reported a larger-than-expected quarterly loss, partly because of rising Air Force One program costs, underscoring continuing execution problems in its defense business. Boeing second-quarter loss
• Negative Sentiment: The FAA flagged a quality issue affecting seats on hundreds of 737 MAX jets, creating potential inspection, repair and reputational risks. Boeing also faces a longer-term competitive threat from JetZero’s government-backed blended-wing aircraft program. FAA Boeing MAX seat quality issue

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.