Mackenzie Financial Corp Purchases 165,682 Shares of The Boeing Company $BA

Mackenzie Financial Corp grew its position in shares of The Boeing Company (NYSE:BA) by 227.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 238,412 shares of the aircraft producer’s stock after purchasing an additional 165,682 shares during the quarter. Mackenzie Financial Corp’s holdings in Boeing were worth $51,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Boeing by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 67,529,417 shares of the aircraft producer’s stock worth $14,574,874,000 after buying an additional 756,057 shares during the period. Newport Trust Company LLC grew its holdings in Boeing by 2.5% during the 3rd quarter. Newport Trust Company LLC now owns 29,198,446 shares of the aircraft producer’s stock worth $6,301,901,000 after acquiring an additional 707,490 shares during the last quarter. Fisher Asset Management LLC increased its position in Boeing by 3.3% in the 3rd quarter. Fisher Asset Management LLC now owns 5,505,040 shares of the aircraft producer’s stock valued at $1,188,153,000 after acquiring an additional 177,597 shares during the period. Charles Schwab Investment Management Inc. increased its position in Boeing by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 4,242,397 shares of the aircraft producer’s stock valued at $888,910,000 after acquiring an additional 44,338 shares during the period. Finally, Legal & General Group Plc raised its stake in shares of Boeing by 7.1% during the third quarter. Legal & General Group Plc now owns 3,369,615 shares of the aircraft producer’s stock valued at $727,264,000 after acquiring an additional 223,995 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of BA opened at $204.90 on Friday. The firm has a market cap of $160.92 billion, a PE ratio of 101.94 and a beta of 1.14. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $254.35. The business’s 50 day moving average price is $235.53 and its two-hundred day moving average price is $219.51. The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.40 and a current ratio of 1.19.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 27th. The aircraft producer reported $9.92 EPS for the quarter, topping the consensus estimate of ($0.40) by $10.32. The company had revenue of $23.95 billion for the quarter, compared to analyst estimates of $22.41 billion. The business’s quarterly revenue was up 57.1% compared to the same quarter last year. During the same period last year, the business earned ($5.90) EPS. On average, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 2,731 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $236.00, for a total value of $644,516.00. Following the completion of the sale, the executive vice president directly owned 11,925 shares of the company’s stock, valued at $2,814,300. The trade was a 18.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Howard E. Mckenzie sold 10,497 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $233.99, for a total value of $2,456,193.03. Following the transaction, the executive vice president directly owned 14,692 shares in the company, valued at approximately $3,437,781.08. This trade represents a 41.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,012 shares of company stock valued at $4,980,687 in the last ninety days. Insiders own 0.09% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: February deliveries hit a nine-year high and outpaced Airbus, showing production progress and demand momentum. Boeing Logs Best February Deliveries Since 2017. There’s One Problem.
• Positive Sentiment: Boeing won a sizable defense/aircraft contract (including a new Israel deal), supporting future revenue from government programs. Boeing Stock (NYSE:BA) Slips Despite Huge New Israel Deal
• Neutral Sentiment: Analysts remain broadly positive with multiple buy/overweight ratings and price targets well above current levels, which supports medium-term upside but hasn’t offset short-term concerns. Boeing Stock (NYSE:BA) Slips Despite Huge New Israel Deal
• Neutral Sentiment: Boeing says the 737 MAX wiring issue is not expected to change its broader 2026 delivery ambitions, but timing uncertainty remains. Boeing shares fall as 737 MAX wiring rework raises risk of near-term delivery delays
• Negative Sentiment: Newly disclosed wiring damage on undelivered 737 MAX jets requires inspections and rework, creating risk of near-term delivery delays and pressuring cash flow/timing expectations. Boeing Shares Lower As Rework On 737 MAX Jets Could Delay Deliveries
• Negative Sentiment: Quality concerns extend to defense programs: a senior USAF general said Boeing must fix ongoing KC-46 tanker problems before the U.S. orders more, raising program and revenue execution risk. USAF general says Boeing has to fix tanker problems before US orders more
• Negative Sentiment: Market reaction has been amplified by lingering investor skepticism about recurring quality control issues; the stock has given back recent gains and is trading with heavy volume below its 50-day moving average. Investors Are Betting on Boeing’s Turnaround Even as Quality Questions Linger

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Susquehanna reiterated a “positive” rating and set a $280.00 price target on shares of Boeing in a report on Thursday, January 15th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research report on Thursday, February 5th. JPMorgan Chase & Co. lifted their target price on Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Boeing in a research report on Tuesday, December 9th. Finally, Wolfe Research reissued an “outperform” rating on shares of Boeing in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.14.

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.