The Boeing Company $BA Stake Increased by Tarbox Family Office Inc.

Tarbox Family Office Inc. increased its holdings in shares of The Boeing Company (NYSE:BA) by 149.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,039 shares of the aircraft producer’s stock after purchasing an additional 7,213 shares during the quarter. Tarbox Family Office Inc.’s holdings in Boeing were worth $2,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jupiter Topco LLC bought a new position in Boeing in the 2nd quarter worth approximately $911,878,000. Bank of New York Mellon Corp purchased a new stake in Boeing during the 2nd quarter valued at approximately $747,763,000. Legal & General Group Plc purchased a new stake in Boeing during the 2nd quarter valued at approximately $710,816,000. Deutsche Bank AG bought a new stake in shares of Boeing during the second quarter valued at approximately $539,456,000. Finally, Swiss National Bank raised its position in shares of Boeing by 7.6% during the first quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock valued at $457,386,000 after buying an additional 163,000 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.4%

Shares of BA opened at $188.36 on Friday. The Boeing Company has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a market cap of $148.87 billion, a P/E ratio of 81.54 and a beta of 1.26. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The company’s fifty day simple moving average is $200.75 and its 200-day simple moving average is $215.14.

Boeing (NYSE:BA) last released its earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a negative return on equity of 346.82% and a net margin of 2.41%. The firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter last year, the business posted ($1.24) EPS. Boeing’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts expect that The Boeing Company will post -1.08 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on BA. JPMorgan Chase & Co. reissued a “buy” rating on shares of Boeing in a report on Sunday, September 27th. Cantor Fitzgerald cut shares of Boeing to a “neutral” rating in a research note on Tuesday, August 11th. Btg Pactual set a $260.00 target price on shares of Boeing in a research note on Tuesday, July 14th. Wall Street Zen downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Robert W. Baird set a $300.00 price target on shares of Boeing and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $266.96.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA has granted final certification for Boeing’s long-delayed 737 MAX 10, removing a significant hurdle for deliveries and allowing the aircraft to compete more directly with Airbus’ A321neo. The approval could support Boeing’s backlog, revenue, cash flow, and long-term competitiveness. Boeing wins FAA certification for 737 MAX 10
• Positive Sentiment: Analysts and investors expect the MAX 10 approval, rising aircraft deliveries, and stronger commercial-services demand to improve earnings and support Boeing’s turnaround. A production recovery could also improve margins across the aerospace supply chain. Great News for Boeing Investors
• Positive Sentiment: GA-ASI, a General Atomics business, is partnering with Spirit Defense, a Boeing company, to support airframe production for the FQ-42 Vengeance Collaborative Combat Aircraft. The relationship highlights potential defense-manufacturing activity for Boeing-affiliated operations, although the financial impact was not disclosed. GA-ASI Partnering With Spirit Defense For FQ-42 CCA Production
• Neutral Sentiment: Boeing is scheduled to report third-quarter results before the market opens on October 27. Investors will focus on deliveries, free cash flow, MAX production, services demand, and management’s guidance for the recovery. Boeing Stock Preps the Runway Ahead of Earnings
• Negative Sentiment: Despite the certification win, investors remain concerned about Boeing’s high debt burden, weak liquidity metrics, supply-chain delays, negative returns on invested capital, and the company’s ability to convert production growth into sustainable cash flow. What’s Going on With Boeing Shares on Friday?

About Boeing

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.