Simplicity Wealth LLC Acquires Shares of 10,623 The Boeing Company $BA

Simplicity Wealth LLC acquired a new position in The Boeing Company (NYSE:BA) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,623 shares of the aircraft producer’s stock, valued at approximately $2,299,000.

Several other large investors have also bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Boeing in the 3rd quarter worth $25,000. Strive Financial Group LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $25,000. CrossGen Wealth LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $26,000. Ares Financial Consulting LLC bought a new stake in Boeing in the 4th quarter worth about $26,000. Finally, 1 North Wealth Services LLC bought a new position in Boeing during the 4th quarter valued at about $27,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

NYSE BA opened at $231.50 on Monday. The company has a market cap of $182.97 billion, a P/E ratio of 100.21 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The business’s 50 day moving average price is $221.70 and its 200-day moving average price is $222.79. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35.

Boeing (NYSE:BA) last released its 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 business had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The business’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned ($1.24) EPS. Sell-side analysts predict that The Boeing Company will post -0.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Tigress Financial increased their price target on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. William Blair reaffirmed an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. The Goldman Sachs Group lowered Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. UBS Group assumed coverage on Boeing in a research report on Tuesday, August 11th. They set a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $272.58.

Insider Buying and Selling

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction dated Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.10% of the stock is owned by insiders.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Pentagon signed framework agreements with Boeing and RTX to increase production of components for SM-3 Block IIA and Block IB interceptor missiles. The seven-year arrangements could provide greater visibility for Boeing’s defense business and support incremental revenue, helping drive the stock higher. Pentagon signs deals with Boeing and RTX
• Positive Sentiment: Boeing is selling Wisk Aero, Insitu and SkyGrid to Archer Aviation in an all-stock transaction that gives Boeing an approximately 20% stake in Archer. Analysts view the deal as a way to exit a struggling, non-core air-taxi operation while retaining exposure to autonomy and electric-aircraft technologies, potentially sharpening Boeing’s turnaround focus. Boeing’s Wisk sale and portfolio strategy
• Positive Sentiment: Avolon agreed to lease up to seven Boeing 737-8200 aircraft to India’s Akasa Air. The transaction supports continued demand for Boeing’s narrow-body aircraft in one of the aviation industry’s fastest-growing markets. Avolon and Akasa Air 737 transaction
• Neutral Sentiment: Odysight.ai received a Boeing purchase order and will demonstrate AI-powered predictive-maintenance technology at two Boeing sites. The initiative could improve future maintenance capabilities and create supplier opportunities, but its immediate financial impact on BA is expected to be limited. Odysight.ai Boeing purchase order
• Neutral Sentiment: JLL is considering Boeing’s former Chicago headquarters for a potential global headquarters move. The move could benefit Boeing through property monetization or reduced real-estate obligations, though no transaction has been finalized. JLL considers Boeing’s former headquarters

Boeing 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.