16,431 The Boeing Company $BA Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 288,641 shares of the aircraft producer’s stock after selling 16,431 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Boeing were worth $53,702,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. TFB Advisors LLC increased its stake in Boeing by 112.4% in the third quarter. TFB Advisors LLC now owns 2,166 shares of the aircraft producer’s stock valued at $403,000 after acquiring an additional 1,146 shares during the last quarter. Wealth Dimensions Group Ltd. lifted its stake in Boeing by 9.0% during the third quarter. Wealth Dimensions Group Ltd. now owns 1,090 shares of the aircraft producer’s stock worth $203,000 after purchasing an additional 90 shares during the last quarter. Pathway Financial Advisers LLC bought a new stake in Boeing during the third quarter worth $45,000. Richardson Financial Services Inc. lifted its stake in Boeing by 73.7% during the third quarter. Richardson Financial Services Inc. now owns 726 shares of the aircraft producer’s stock worth $135,000 after purchasing an additional 308 shares during the last quarter. Finally, Ascent Group LLC lifted its stake in Boeing by 2.0% during the third quarter. Ascent Group LLC now owns 27,547 shares of the aircraft producer’s stock worth $5,125,000 after purchasing an additional 527 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Steven Mollenkopf bought 2,950 shares of the firm’s stock in a transaction on Friday, October 30th. The shares were purchased at an average price of $173.03 per share, with a total value of $510,438.50. Following the completion of the purchase, the director owned 6,717 shares in the company, valued at $1,162,242.51. This represents a 78.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Mortimer Buckley purchased 5,820 shares of the stock in a transaction dated Friday, October 30th. The shares were bought at an average price of $171.55 per share, with a total value of $998,421.00. Following the completion of the acquisition, the director directly owned 10,250 shares of the company’s stock, valued at approximately $1,758,387.50. This represents a 131.38% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.10% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Avolon ordered 140 Boeing 737-10 jets, a record order that reinforces demand for Boeing’s largest 737 variant and adds to its backlog. Boeing Looks 8% Overvalued Following Avolon’s Order
• Positive Sentiment: Two directors bought Boeing shares after the stock’s decline, while a report also cited positive free cash flow. Those signals may bolster confidence, though they do not resolve operational challenges. Boeing Has the Orders, the Cash Flow, and Insider Buyers
• Neutral Sentiment: A valuation analysis said Boeing shares looked about 8% overvalued despite the Avolon order, reflecting concerns about the company’s recent performance and delivery outlook. Boeing Valuation Analysis
• Negative Sentiment: Boeing reportedly delivered 32 MAX jets in October, its lowest monthly total in nearly a year. Fewer deliveries could weigh on revenue and complicate the production recovery. October MAX Deliveries
• Negative Sentiment: The FAA is scrutinizing Dreamliner wing issues, adding a potential quality-control and regulatory overhang that could raise the risk of delays or added costs. FAA Scrutiny of Dreamliner Wings

Boeing Trading Up 0.5%

Shares of Boeing stock opened at $173.44 on Friday. The firm has a market capitalization of $137.44 billion, a PE ratio of 18.87 and a beta of 1.34. The company has a current ratio of 1.13, a quick ratio of 0.34 and a debt-to-equity ratio of 6.31. The firm’s 50 day moving average is $192.39 and its 200 day moving average is $215.41. The Boeing Company has a 1 year low of $165.01 and a 1 year high of $254.35.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). The company had revenue of $24.19 billion for the quarter, compared to analyst estimates of $23.95 billion. Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. Boeing’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($7.47) earnings per share. Equities research analysts forecast that The Boeing Company will post -1.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on BA. Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $244.00 to $248.00 and gave the company a “hold” rating in a report on Wednesday, July 29th. Tigress Financial boosted their price target on Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. DZ Bank reissued a “buy” rating on shares of Boeing in a report on Thursday, August 6th. The Goldman Sachs Group restated a “buy” rating and set a $238.00 price objective on shares of Boeing in a research report on Wednesday, October 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $235.00 price objective on shares of Boeing in a research note on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $247.88.

About Boeing

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world.

Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.

Founded in 1916 by William Boeing, the company has grown into a global aerospace business serving customers across the Americas, Europe, Asia and other regions.