Paul R. Ried Financial Group LLC Has $4.45 Million Stake in The Boeing Company $BA

Paul R. Ried Financial Group LLC grew its stake in shares of The Boeing Company (NYSE:BA) by 13.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 20,543 shares of the aircraft producer’s stock after acquiring an additional 2,483 shares during the quarter. Boeing comprises approximately 1.9% of Paul R. Ried Financial Group LLC’s investment portfolio, making the stock its 12th largest position. Paul R. Ried Financial Group LLC’s holdings in Boeing were worth $4,447,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Boeing by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock valued at $15,413,227,000 after acquiring an additional 3,460,021 shares during the period. Newport Trust Company LLC increased its stake in Boeing by 1.0% in the fourth quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after purchasing an additional 286,848 shares in the last quarter. Geode Capital Management LLC increased its stake in Boeing by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock valued at $3,679,592,000 after purchasing an additional 533,753 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Boeing by 2.5% in the fourth quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock worth $1,224,752,000 after purchasing an additional 135,860 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Boeing by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock worth $948,905,000 after purchasing an additional 138,469 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: 737 MAX 7 certification unlocks future revenue. The FAA’s approval ends nearly a decade of technical reviews and safety assessments, allowing Boeing to begin preparations for first deliveries of the smallest MAX variant. The aircraft adds capacity to Boeing’s best-selling narrowbody family and could begin contributing cash flow sooner than the lengthy development timeline might suggest. Federal Aviation Administration certifies Boeing 737 MAX 7
• Positive Sentiment: Wall Street sentiment improved. BNP Paribas analyst Matthew Akers raised Boeing’s rating from Sell to Buy, skipping a Hold rating, citing fading certification risks and the potential for a powerful cash-flow recovery. The upgrade, combined with the FAA decision, helped reinforce investor confidence in Boeing’s extended recovery. Boeing Stock Gets Rare Double Upgrade
• Positive Sentiment: Commercial aircraft demand remains supportive. Airlines are operating aging fleets amid strong travel demand, increasing the value of Boeing’s ability to raise narrowbody and widebody delivery rates. Boeing also delivered a 737 MAX to Tajikistan’s Somon Air, providing another indication of ongoing international demand. Somon Air Receives Its First Boeing 737 MAX Jet
• Neutral Sentiment: Revenue benefits will take time. Although certification clears the way for deliveries, airlines may need months to integrate the MAX 7 into flight schedules, and passengers are not expected to fly on the aircraft until 2027. This limits the immediate earnings impact. Boeing’s Smallest 737 Max Finally Wins FAA Certification
• Negative Sentiment: Defense-program execution remains a concern. Boeing’s recent earnings miss was attributed largely to roughly $280 million in charges tied to legacy fixed-price defense manufacturing. While investors largely looked past the miss because commercial demand and certification progress are improving, the charges highlight continuing margin and cash-flow risks outside the commercial-aircraft business. The $280 Million Reason Boeing Missed

Insider Activity

In other news, Director Bradley D. Tilden purchased 1,370 shares of the company’s stock in a transaction 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 directly owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BA. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and boosted their price target for the company from $230.00 to $300.00 in a report on Monday. JPMorgan Chase & Co. lifted their target price on Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Citigroup boosted their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Weiss Ratings restated a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Finally, Morgan Stanley raised their price target on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average price target of $272.44.

Boeing Stock Up 1.5%

Shares of BA stock opened at $237.08 on Wednesday. The firm has a fifty day moving average of $219.78 and a 200-day moving average of $223.70. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a market capitalization of $187.38 billion, a price-to-earnings ratio of 102.63 and a beta of 1.21.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42). The company had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.24) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -0.81 earnings per share for the current fiscal year.

Boeing 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.