44,867 Shares in The Boeing Company $BA Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in shares of The Boeing Company (NYSE:BA) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 44,867 shares of the aircraft producer’s stock, valued at approximately $9,712,000.

A number of other large investors have also added to or reduced their stakes in BA. XML Financial LLC grew its position in shares of Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after acquiring an additional 43 shares during the period. North Star Investment Management Corp. lifted its stake in Boeing by 1.6% in the fourth quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock valued at $615,000 after purchasing an additional 44 shares during the last quarter. Strait & Sound Wealth Management LLC lifted its stake in Boeing by 1.1% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer’s stock valued at $850,000 after purchasing an additional 44 shares during the last quarter. B.O.S.S. Retirement Advisors LLC grew its holdings in Boeing by 1.4% during the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock valued at $632,000 after purchasing an additional 44 shares during the period. Finally, PKS Advisory Services LLC grew its holdings in Boeing by 2.5% during the fourth quarter. PKS Advisory Services LLC now owns 1,839 shares of the aircraft producer’s stock valued at $399,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
• Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company
• Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing
• Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today
• Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress
• Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs

Analyst Upgrades and Downgrades

Several analysts have issued reports on BA shares. Btg Pactual set a $260.00 target price on Boeing in a research note on Tuesday, July 14th. Argus upgraded Boeing from a “hold” rating to a “buy” rating and set a $265.00 price target for the company in a research note on Tuesday, August 11th. Cantor Fitzgerald lowered Boeing to a “neutral” rating in a report on Tuesday, August 11th. Sanford C. Bernstein assumed coverage on Boeing in a report on Tuesday, August 11th. They issued an “outperform” rating for the company. Finally, Robert W. Baird set a $300.00 price objective on Boeing in a research note on Wednesday, July 29th. 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $272.58.

Boeing Stock Down 0.4%

Boeing stock opened at $214.20 on Friday. The Boeing Company has a 1-year low of $176.77 and a 1-year high of $254.35. The firm has a market capitalization of $169.30 billion, a price-to-earnings ratio of 92.73 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The firm has a 50 day simple moving average of $222.11 and a 200 day simple moving average of $222.26.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The business had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.24) EPS. On average, analysts predict that The Boeing Company will post -0.87 earnings per share for the current year.

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.