Glenview Trust Co Increases Stock Position in The Boeing Company $BA

Glenview Trust Co lifted its holdings in The Boeing Company (NYSE:BA) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 231,314 shares of the aircraft producer’s stock after acquiring an additional 10,980 shares during the quarter. Boeing makes up about 0.8% of Glenview Trust Co’s holdings, making the stock its 27th largest holding. Glenview Trust Co’s holdings in Boeing were worth $50,223,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. HBK Sorce Advisory LLC lifted its position in shares of Boeing by 2.5% in the 4th quarter. HBK Sorce Advisory LLC now owns 8,647 shares of the aircraft producer’s stock worth $1,877,000 after purchasing an additional 207 shares during the period. Mathes Company Inc. purchased a new stake in shares of Boeing in the 4th quarter worth approximately $238,000. Allen Capital Group LLC lifted its position in shares of Boeing by 8.9% in the 4th quarter. Allen Capital Group LLC now owns 1,612 shares of the aircraft producer’s stock worth $350,000 after purchasing an additional 132 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Boeing by 27.7% in the 4th quarter. Hantz Financial Services Inc. now owns 2,358 shares of the aircraft producer’s stock worth $512,000 after purchasing an additional 512 shares during the period. Finally, Dilation Capital Management LP lifted its position in shares of Boeing by 8.2% in the 4th quarter. Dilation Capital Management LP now owns 122,277 shares of the aircraft producer’s stock worth $26,549,000 after purchasing an additional 9,275 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.1%

NYSE BA opened at $219.18 on Monday. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The firm has a market cap of $172.78 billion, a PE ratio of 106.40 and a beta of 1.21. The company has a 50 day moving average price of $217.34 and a 200 day moving average price of $218.72. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. The company’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.49) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -0.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 1,503 shares of the business’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total transaction of $351,371.34. Following the completion of the transaction, the executive vice president owned 19,015 shares in the company, valued at $4,445,326.70. The trade was a 7.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction that occurred on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the purchase, the director owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BA has been the subject of several research reports. Wells Fargo & Company initiated coverage on shares of Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price target for the company. JPMorgan Chase & Co. upped their price target on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. TD Cowen reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, January 28th. Vertical Research reaffirmed a “buy” rating and issued a $281.00 price target on shares of Boeing in a research report on Tuesday, January 27th. Finally, Argus raised shares of Boeing to a “hold” rating in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $259.80.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China confirmed a 200-aircraft Boeing order as part of broader U.S.-China trade talks, reopening a major market for Boeing after a prolonged freeze and improving near-term demand visibility. Beijing Confirms Boeing Aircraft Order Following Trump’s China Visit—Xi Jinping Seeks To End $30 Billion In Reciprocal Tariffs With US
• Positive Sentiment: Citi reportedly called the recent selloff in Boeing a buying opportunity and raised its price target to $260, signaling confidence in the company’s recovery. Citi calls Boeing selloff a ‘gift’ and lifts BA target to $260
• Positive Sentiment: Director Bradley D. Tilden bought 1,370 shares, a vote of confidence from an insider that can help support sentiment. SEC insider filing
• Neutral Sentiment: Boeing is also benefiting from a growing backlog and defense-related revenue visibility, which supports the long-term recovery case but is not an immediate catalyst. Is Boeing’s Growing Backlog Strengthening Its Recovery Prospects?
• Negative Sentiment: Reports that certification for the 777X is more complicated than expected, including greater focus on “hot brakes,” are weighing on the stock by renewing concerns about delays and execution risk. Hot Brakes a Bigger Part of 777X Certification Than Expected, Boeing Stock (NYSE:BA) Slips
• Negative Sentiment: Some investors were disappointed that the China deal was for 200 jets rather than the much larger order they had hoped for, which may be limiting upside in the shares. Fresh China deal gives hope for whipsawed Boeing shares

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.