Waverly Advisors LLC Has $11.54 Million Stock Holdings in The Boeing Company $BA

Waverly Advisors LLC increased its position in shares of The Boeing Company (NYSE:BA) by 7.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,304 shares of the aircraft producer’s stock after acquiring an additional 3,517 shares during the period. Waverly Advisors LLC’s holdings in Boeing were worth $11,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Bank OZK bought a new position in Boeing during the second quarter valued at about $286,000. Empirical Finance LLC lifted its holdings in shares of Boeing by 5.1% during the second quarter. Empirical Finance LLC now owns 20,464 shares of the aircraft producer’s stock worth $4,430,000 after buying an additional 995 shares during the last quarter. Nykredit A S bought a new stake in Boeing in the 2nd quarter valued at $40,771,000. Parkside Financial Bank & Trust lifted its stake in shares of Boeing by 11.4% in the second quarter. Parkside Financial Bank & Trust now owns 4,763 shares of the aircraft producer’s stock valued at $1,031,000 after buying an additional 489 shares during the period. Finally, Range Advisory LLC lifted its position in shares of Boeing by 55.0% in the 2nd quarter. Range Advisory LLC now owns 1,584 shares of the aircraft producer’s stock worth $343,000 after acquiring an additional 562 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $206.62 on Thursday. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a fifty day simple moving average of $219.23 and a 200 day simple moving average of $219.46. The stock has a market cap of $163.30 billion, a P/E ratio of 89.44 and a beta of 1.21. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned ($1.24) EPS. On average, research analysts expect that The Boeing Company will post -0.87 EPS for the current year.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s free cash flow has turned positive, an important milestone in its turnaround. Investors will be watching whether stronger cash generation can be sustained through higher aircraft deliveries, improved production efficiency, and reduced working-capital needs. Boeing’s free cash flow turned positive
• Positive Sentiment: Commentary from Jim Cramer points to a potential manufacturing recovery benefiting aerospace companies, including Boeing. That outlook could support BA if production and delivery momentum improve. Jim Cramer discusses manufacturing recovery
• Neutral Sentiment: Archer Aviation’s reported acquisition of Boeing-related businesses Wisk Aero, Insitu, and SkyGrid could help Boeing monetize noncore assets and sharpen its strategic focus, although it may also reduce exposure to potentially valuable future-mobility businesses. Archer Aviation acquisition of Boeing businesses
• Negative Sentiment: Boeing delivered 51 aircraft in August, down from 57 a year earlier, while 787 Dreamliner handovers declined. The softer widebody performance is significant because accelerating deliveries are central to Boeing’s cash-flow recovery and efforts to reduce its substantial debt burden. Boeing August deliveries dip as 787 handovers fall
• Negative Sentiment: A fatal Miami cargo-plane crash involving a 1994-built Boeing 767 operated by 21 Air has increased attention on Boeing aircraft and freighter safety. The investigation is ongoing, and no cause has been established, but additional scrutiny could create reputational or regulatory risk. Boeing 767 Miami runway accident

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BA shares. Cantor Fitzgerald downgraded shares of Boeing to a “neutral” rating in a report on Tuesday, August 11th. Btg Pactual set a $260.00 price target on shares of Boeing in a report on Tuesday, July 14th. Barclays lowered Boeing from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their price target on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. One equities research 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $272.58.

About Boeing

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.