The Boeing Company $BA Shares Acquired by Verde Servicos Internacionais S.A.

Verde Servicos Internacionais S.A. grew its position in The Boeing Company (NYSE:BA) by 7.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,899 shares of the aircraft producer’s stock after buying an additional 3,018 shares during the period. Boeing accounts for about 2.8% of Verde Servicos Internacionais S.A.’s portfolio, making the stock its 16th largest position. Verde Servicos Internacionais S.A.’s holdings in Boeing were worth $8,353,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Highland Investment Advisors LLC bought a new position in shares of Boeing during the 2nd quarter worth approximately $26,000. Strategic Wealth Advisors LLC purchased a new stake in Boeing during the second quarter valued at approximately $27,000. Bell Investment Advisors Inc purchased a new stake in Boeing during the second quarter valued at approximately $29,000. Security National Bank of SO Dak purchased a new stake in Boeing during the second quarter valued at approximately $30,000. Finally, Retirement Wealth Solutions LLC boosted its stake in Boeing by 3,575.0% in the third quarter. Retirement Wealth Solutions LLC now owns 147 shares of the aircraft producer’s stock valued at $27,000 after acquiring an additional 143 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s total backlog reached a record approximately $745 billion, increasing by about $30 billion during the quarter and including more than 6,300 commercial aircraft. The 737-10 also received amended type certification from the FAA, removing a significant regulatory overhang. Boeing’s backlog and 737 MAX 10 certification
• Positive Sentiment: Cash performance improved: operating cash flow was about $1.5 billion and free cash flow was approximately $464 million to $500 million, compared with negative cash generation in the prior-year period. Revenue rose 3.9% year over year to $24.19 billion, while defense and services delivered stronger results. Boeing third-quarter financial results
• Positive Sentiment: Boeing was selected by the U.S. Navy to design and build the F/A-XX next-generation fighter aircraft, adding support for its defense business and long-term order pipeline. Boeing third-quarter results announcement
• Neutral Sentiment: The company’s GAAP net loss narrowed substantially to $116 million, or $0.26 per share, from $5.3 billion a year earlier. However, adjusted loss per share was $0.34, missing the roughly $0.25 analyst consensus despite revenue exceeding estimates. Boeing earnings report
• Negative Sentiment: Commercial Airplanes remained the central concern, recording a $697 million operating loss and a negative 6.5% margin despite 161 deliveries. Supply-chain costs, production changes and an unfavorable delivery mix continued to pressure profitability. Boeing production challenges
• Negative Sentiment: Management lowered its 737 MAX delivery expectations and said the production ramp will be deliberate, with a target of 52 jets per month pushed into the second half of next year. The delay undermines confidence in Boeing’s turnaround timeline and overshadowed the record backlog and positive cash flow. Boeing 737 MAX production ramp

Boeing Stock Down 10.7%

Shares of Boeing stock opened at $168.09 on Wednesday. The company has a 50 day moving average price of $199.09 and a 200 day moving average price of $218.16. The Boeing Company has a 52 week low of $167.41 and a 52 week high of $254.35.

Boeing (NYSE:BA) last released its earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The company had revenue of $24.19 billion for the quarter, compared to the consensus estimate of $23.95 billion. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($7.47) EPS. On average, equities analysts predict that The Boeing Company will post -1.08 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on BA shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Boeing in a report on Monday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a research report on Monday. Wall Street Zen lowered Boeing from a “hold” rating to a “sell” rating in a report on Saturday. Argus raised Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a research report on Monday, October 19th. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $266.31.

Boeing Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.