Osmosis Investment Management UK Ltd Takes $3.12 Million Position in The Boeing Company $BA

Osmosis Investment Management UK Ltd acquired a new position in The Boeing Company (NYSE:BA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,436 shares of the aircraft producer’s stock, valued at approximately $3,125,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Vanguard Group Inc. lifted its stake in shares of Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after purchasing an additional 3,460,021 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Boeing during the 2nd quarter worth about $747,763,000. Deutsche Bank AG purchased a new stake in Boeing in the 2nd quarter valued at about $539,456,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Boeing in the 2nd quarter valued at about $441,997,000. Finally, Alyeska Investment Group L.P. lifted its position in Boeing by 245.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock valued at $489,052,000 after buying an additional 1,600,909 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA stock opened at $214.20 on Monday. 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 P/E ratio of 92.73 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The business’s 50-day moving average is $222.11 and its two-hundred day moving average is $222.18.

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). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm had revenue of $24.56 billion for the quarter, compared to analysts’ expectations of $24.26 billion. During the same quarter in the previous year, the company posted ($1.24) earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

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

A number of equities research analysts have weighed in on BA shares. Royal Bank Of Canada dropped their price target on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday, July 29th. Sanford C. Bernstein started coverage on Boeing in a research report on Tuesday, August 11th. They issued an “outperform” rating on the stock. UBS Group began coverage on Boeing in a research note on Tuesday, August 11th. They issued a “buy” rating for the company. The Goldman Sachs Group downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $272.58.

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.