NewEdge Advisors LLC Acquires 9,282 Shares of The Boeing Company $BA

NewEdge Advisors LLC lifted its holdings in The Boeing Company (NYSE:BA) by 2.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 340,198 shares of the aircraft producer’s stock after purchasing an additional 9,282 shares during the quarter. NewEdge Advisors LLC’s holdings in Boeing were worth $73,643,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC acquired a new position in shares of Boeing in the third quarter valued at approximately $25,000. Strive Financial Group LLC acquired a new stake in shares of Boeing during the fourth quarter worth $25,000. Highland Investment Advisors LLC bought a new stake in Boeing in the 2nd quarter valued at $26,000. CrossGen Wealth LLC bought a new stake in Boeing in the 4th quarter valued at $26,000. Finally, 1 North Wealth Services LLC acquired a new position in Boeing in the 4th quarter worth $27,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 0.7%

BA stock opened at $210.80 on Wednesday. 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 business has a 50 day moving average price of $219.48 and a two-hundred day moving average price of $219.65. The company has a market cap of $166.61 billion, a price-to-earnings ratio of 91.26 and a beta of 1.21. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.24) EPS. Analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal year.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported that free cash flow turned positive, an important milestone in its turnaround. Investors will likely focus on whether the improvement can be sustained through higher commercial-aircraft production, better cash conversion and reduced losses in underperforming programs. Boeing’s Free Cash Flow Turned Positive
• Positive Sentiment: Boeing won an $880 million U.S. Navy contract, reinforcing the strength of its defense business and supporting future revenue visibility. A disclosure that President Trump’s team bought BA shares on the same day added attention, although it does not change the contract’s financial impact. President Trump Bought BA Stock
• Neutral Sentiment: Boeing delivered 51 aircraft in August, broadly maintaining a high delivery pace but trailing July’s total and the 57 jets delivered a year earlier. The comparison highlights that the recovery remains uneven. Boeing August Deliveries Dip
• Negative Sentiment: The August delivery shortfall was driven particularly by fewer 787 Dreamliner handovers. Slower deliveries can delay customer payments and cash generation while keeping attention on Boeing’s production execution and supply-chain challenges. Boeing’s August Jet Deliveries Slip
• Negative Sentiment: Five people died after an Amazon cargo aircraft operated by 21 Air overshot a runway at Miami International Airport. The aircraft was a 1994-built Boeing 767 converted to a freighter; investigators’ findings could create additional reputational or regulatory concerns, although the incident does not currently establish a Boeing manufacturing fault. Everything to Know About the Boeing Jet That Overshot a Miami Runway

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. UBS Group initiated coverage on Boeing in a research note on Tuesday, August 11th. They issued a “buy” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of Boeing in a research report on Tuesday, July 28th. Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. lifted their target price on Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group cut Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $272.58.

Boeing Profile

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.