Pension & Wealth Management Advisors Inc. Acquires 13,145 Shares of The Boeing Company $BA

Pension & Wealth Management Advisors Inc. increased its holdings in The Boeing Company (NYSE:BA) by 2,096.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,772 shares of the aircraft producer’s stock after purchasing an additional 13,145 shares during the period. Boeing accounts for approximately 0.6% of Pension & Wealth Management Advisors Inc.’s investment portfolio, making the stock its 28th biggest holding. Pension & Wealth Management Advisors Inc.’s holdings in Boeing were worth $2,562,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Jupiter Topco LLC acquired a new stake in Boeing during the 2nd quarter valued at approximately $911,878,000. Bank of New York Mellon Corp acquired a new position in shares of Boeing in the 2nd quarter worth approximately $747,763,000. Legal & General Group Plc acquired a new position in shares of Boeing in the 2nd quarter worth approximately $710,816,000. Deutsche Bank AG acquired a new position in shares of Boeing in the 2nd quarter worth approximately $539,456,000. Finally, Swiss National Bank boosted its stake in shares of Boeing by 7.6% in the 1st quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock valued at $457,386,000 after purchasing an additional 163,000 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 0.7%

BA traded up $1.25 during trading on Friday, hitting $189.98. The company’s stock had a trading volume of 7,297,059 shares, compared to its average volume of 8,623,697. The firm has a market capitalization of $150.16 billion, a P/E ratio of 82.24 and a beta of 1.26. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The stock’s fifty day moving average price is $204.93 and its 200-day moving average price is $215.57. 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 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 for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned ($1.24) EPS. Analysts anticipate that The Boeing Company will post -0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Robert W. Baird set a $300.00 price objective on shares of Boeing and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Jefferies Financial Group dropped their target price on shares of Boeing from $295.00 to $265.00 and set a “buy” rating on the stock in a report on Monday, September 21st. Citigroup cut shares of Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Rothschild & Co Redburn upped their price target on shares of Boeing from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Btg Pactual set a $260.00 price target on Boeing in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $266.96.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
• Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
• Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
• Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
• Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
• Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

Boeing Company Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, spacecraft and related systems. Its commercial portfolio includes the 737, 787 Dreamliner and 777 families, as well as the 777X program. Boeing sells aircraft to airlines, cargo operators and leasing companies around the world.

Through its defense and space operations, Boeing provides products and services for the U.S. government, allied governments and other institutional customers.