DSG Capital Advisors LLC Invests $510,000 in The Boeing Company $BA

DSG Capital Advisors LLC purchased a new position in The Boeing Company (NYSE:BA) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,563 shares of the aircraft producer’s stock, valued at approximately $510,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its position in shares of Boeing by 2.3% in the 1st quarter. Sound Income Strategies LLC now owns 5,133 shares of the aircraft producer’s stock worth $1,064,000 after buying an additional 113 shares in the last quarter. Jamison Private Wealth Management Inc. raised its position in Boeing by 217.0% during the first quarter. Jamison Private Wealth Management Inc. now owns 23,029 shares of the aircraft producer’s stock worth $4,583,000 after acquiring an additional 15,764 shares during the last quarter. Keybank National Association OH lifted its holdings in shares of Boeing by 726.9% in the first quarter. Keybank National Association OH now owns 243,666 shares of the aircraft producer’s stock valued at $48,497,000 after purchasing an additional 214,200 shares in the last quarter. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Boeing by 11.1% in the first quarter. Mitchell & Pahl Private Wealth LLC now owns 2,055 shares of the aircraft producer’s stock valued at $409,000 after purchasing an additional 206 shares in the last quarter. Finally, Physician Wealth Advisors Inc. grew its position in shares of Boeing by 13.8% in the first quarter. Physician Wealth Advisors Inc. now owns 1,272 shares of the aircraft producer’s stock valued at $253,000 after purchasing an additional 154 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wells Fargo & Company started coverage on Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price objective for the company. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of Boeing in a report on Thursday, April 23rd. Morgan Stanley upped their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Finally, Citigroup lifted their price objective on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $261.61.

Boeing Stock Up 3.5%

BA stock opened at $226.18 on Friday. The company has a 50 day moving average price of $223.70 and a two-hundred day moving average price of $224.10. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The stock has a market capitalization of $178.30 billion, a P/E ratio of 109.80 and a beta of 1.21. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BA) last issued its quarterly 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 business had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the prior year, the company earned ($0.49) EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, sell-side analysts expect that The Boeing Company will post -0.15 EPS for the current year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s return to China is driving optimism after China Southern reportedly placed a $3.62 billion order, including seven freighter aircraft, reinforcing demand in one of the world’s largest aviation markets and boosting the company’s backlog. Boeing (BA) Returns To China With Seven Plane Cargo Order From China Southern
• Positive Sentiment: Recent commentary also highlights improving delivery momentum, a sizable defense award, and a softer interest-rate backdrop, all of which are helping sentiment around Boeing’s cash-flow recovery and operational turnaround. Boeing stock gains as delivery recovery, defense backlog and a softer-rate backdrop lift sentiment
• Positive Sentiment: Analysts and market chatter remain constructive ahead of Boeing’s July 28 second-quarter earnings report, with investors watching for further progress in 737 MAX execution, commercial deliveries, and defense backlog growth. Boeing Stock (BA) Opinions on China Order and Earnings Outlook
• Neutral Sentiment: JetZero’s progress on a new aircraft design underscores long-term competitive pressure on Boeing, but it is more of an industry watch item than an immediate driver of today’s trading. In Mojave Desert, startup JetZero builds novel plane to take on Airbus and Boeing
• Negative Sentiment: A lawsuit involving Boeing-owned Wisk Aero over alleged retaliation tied to safety concerns adds another governance and safety headline, which could weigh on sentiment even if the financial impact is indirect. Boeing-owned Wisk Aero accused of firing manager who raised safety concerns
• Negative Sentiment: Reports of an unplanned IT outage that disrupted factory operations from Washington to Florida highlight ongoing operational fragility and could temper enthusiasm around the recovery story. Boeing says ‘unplanned IT outage’ hit computer systems as factory work from Washington to Florida was disrupted

Insider Buying and Selling

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director owned 1,370 shares of the company’s stock, valued at $299,345. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company’s stock.

Boeing Company 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.