The Boeing Company $BA Shares Acquired by Corient Private Wealth LP

Corient Private Wealth LP grew its stake in shares of The Boeing Company (NYSE:BA) by 30.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 500,349 shares of the aircraft producer’s stock after acquiring an additional 116,872 shares during the quarter. Corient Private Wealth LP’s holdings in Boeing were worth $108,311,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. California State Teachers Retirement System grew its position in Boeing by 20,689.6% in the second quarter. California State Teachers Retirement System now owns 245,894,334 shares of the aircraft producer’s stock valued at $53,228,746,000 after acquiring an additional 244,711,560 shares in the last quarter. Jupiter Topco LLC acquired a new stake in shares of Boeing during the second quarter valued at about $911,878,000. Bank of New York Mellon Corp acquired a new stake in shares of Boeing during the second quarter valued at about $747,763,000. Legal & General Group Plc purchased a new stake in shares of Boeing during the second quarter worth about $710,816,000. Finally, Deutsche Bank AG purchased a new stake in shares of Boeing during the second quarter worth about $539,456,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing and Anduril advanced to Phase 2 of the U.S. Army’s Indirect Fires Protection Capability (IFPC) program. Progress in the competition supports Boeing’s defense growth prospects and signals continued engagement on a potentially meaningful military program. Boeing advances to Phase 2 of the U.S. Army’s IFPC program
• Positive Sentiment: The Department of War awarded Boeing a $131.23 billion indefinite-delivery/indefinite-quantity ceiling contract for the F-15 Eagle Crest program. The award could provide substantial long-term visibility for Boeing’s defense business, although it does not obligate the government to purchase the full amount. Boeing F-15 ceiling contract details
• Neutral Sentiment: Coverage noted that Boeing outperformed the broader market in the latest session. The move reflects favorable market momentum, but the report provided no new company-specific financial results or guidance to establish a lasting change in valuation. Boeing outperforms the broader market
• Neutral Sentiment: The U.S. Navy is expected to decide between Boeing and Northrop Grumman for a sixth-generation fighter program. Winning could create a significant future opportunity, but the outcome remains uncertain until the announcement. Navy fighter competition between Boeing and Northrop Grumman
• Negative Sentiment: Boeing made another executive-roster change as it pursues a broader industrial blueprint. Leadership restructuring can create near-term uncertainty about execution and strategy, contributing to some investor caution. Boeing executive lineup change

Boeing Stock Performance

Shares of BA stock opened at $210.57 on Friday. The company has a market cap of $166.43 billion, a P/E ratio of 91.15 and a beta of 1.21. The business has a 50 day moving average of $218.50 and a two-hundred day moving average of $219.21. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. 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 announced its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The company had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the previous year, the company posted ($1.24) earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that The Boeing Company will post -0.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup downgraded Boeing from a “buy” rating to a “sell” rating in a report on Tuesday, August 11th. William Blair restated an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. Royal Bank Of Canada cut their target price on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 29th. Cantor Fitzgerald downgraded shares of Boeing to a “neutral” rating in a research report on Tuesday, August 11th. Finally, Tigress Financial lifted their price target on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. One investment 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.