Cornerstone Wealth Management LLC Has $3.38 Million Position in The Boeing Company $BA

Cornerstone Wealth Management LLC increased its holdings in shares of The Boeing Company (NYSE:BA) by 17.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,545 shares of the aircraft producer’s stock after acquiring an additional 2,311 shares during the period. Cornerstone Wealth Management LLC’s holdings in Boeing were worth $3,375,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in BA. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing during the 4th quarter valued at about $201,000. Sivia Capital Partners LLC boosted its position in shares of Boeing by 16.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after acquiring an additional 217 shares in the last quarter. AXA S.A. boosted its position in shares of Boeing by 1,225.7% during the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock valued at $7,261,000 after acquiring an additional 32,041 shares in the last quarter. Ieq Capital LLC boosted its position in shares of Boeing by 243.8% during the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock valued at $7,016,000 after acquiring an additional 23,746 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position in shares of Boeing by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after acquiring an additional 53,736 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 3.7%

Shares of BA stock opened at $220.63 on Friday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a market capitalization of $173.92 billion, a P/E ratio of 107.10 and a beta of 1.21. The firm has a 50-day moving average price of $217.61 and a 200 day moving average price of $218.38. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same period in the prior year, the firm posted ($0.49) earnings per share. The company’s revenue was up 14.0% on a year-over-year basis. Research analysts forecast that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BA. Tigress Financial lifted their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $245.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 28th. Vertical Research reissued a “buy” rating and set a $281.00 price target on shares of Boeing in a report on Tuesday, January 27th. Finally, Morgan Stanley lifted their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.60.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China’s reported agreement to buy 200 Boeing aircraft is still a meaningful commercial win and could help Boeing’s backlog and long-term sales outlook. Reuters: Trump says China to potentially buy 750 Boeing planes
• Positive Sentiment: Trump suggested the initial commitment could grow substantially, raising the possibility of a much larger follow-on order if talks progress. NYT/related coverage: Trump Announces Boeing Jet Order From China. Beijing Stays Silent.
• Neutral Sentiment: The deal remains vague, with no clear confirmation from Beijing and limited information on delivery timing, making it hard for investors to assess the financial impact. Bloomberg: Boeing Gets China Deal at Trump’s Visit, With Many Questions
• Negative Sentiment: The market had been expecting a much bigger order, so the reported 200-jet commitment disappointed traders and triggered a selloff in the shares. MarketWatch: Boeing’s stock drops as Trump’s order deal with China disappoints
• Negative Sentiment: Separate headlines about a $49.5 million jury verdict tied to the 737 Max crash add to Boeing’s ongoing legal and reputational overhang. Fortune: Jury awards $49.5 million to family of 24-year-old who died in Boeing 737 Max crash in 2019

Insiders Place Their Bets

In other Boeing news, SVP Ann M. Schmidt sold 6,281 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $243.37, for a total value of $1,528,606.97. Following the completion of the transaction, the senior vice president directly owned 13,978 shares of the company’s stock, valued at approximately $3,401,825.86. The trade was a 31.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mortimer J. Buckley bought 2,230 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the purchase, the director owned 4,430 shares of the company’s stock, valued at approximately $993,206. The trade was a 101.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.10% of the company’s stock.

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.