The Boeing Company $BA Stock: Welch Financial Planning LLC Lowers Position

Welch Financial Planning LLC lessened its position in The Boeing Company (NYSE:BA) by 23.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,182 shares of the aircraft producer’s stock after selling 13,742 shares during the period. Boeing comprises 4.7% of Welch Financial Planning LLC’s portfolio, making the stock its 7th largest holding. Welch Financial Planning LLC’s holdings in Boeing were worth $8,406,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BA. Nan Fung Trinity HK Ltd. acquired a new stake in shares of Boeing during the third quarter worth $35,480,000. Van Strum & Towne Inc. purchased a new stake in shares of Boeing in the third quarter valued at $278,000. Three Bridge Wealth Advisors LLC acquired a new position in Boeing in the third quarter valued at $28,000. King Luther Capital Management Corp increased its stake in Boeing by 7.5% in the third quarter. King Luther Capital Management Corp now owns 15,428 shares of the aircraft producer’s stock valued at $2,870,000 after purchasing an additional 1,076 shares during the last quarter. Finally, Spectrum Planning & Advisory Services Inc. increased its stake in Boeing by 25.9% in the third quarter. Spectrum Planning & Advisory Services Inc. now owns 1,816 shares of the aircraft producer’s stock valued at $338,000 after purchasing an additional 374 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mortimer J. Buckley acquired 5,820 shares of Boeing stock in a transaction dated Friday, October 30th. The shares were acquired at an average cost of $171.55 per share, with a total value of $998,421.00. Following the purchase, the director directly owned 10,250 shares of the company’s stock, valued at approximately $1,758,387.50. This trade represents a 131.38% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Steven M. Mollenkopf acquired 2,950 shares of Boeing stock in a transaction dated Friday, October 30th. The stock was purchased at an average cost of $173.03 per share, for a total transaction of $510,438.50. Following the completion of the purchase, the director directly owned 6,717 shares in the company, valued at approximately $1,162,242.51. This represents a 78.31% 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 insiders.

Key Headlines Impacting Boeing

These are some of the BA headlines that stood out recently:

• Neutral Sentiment: EVP David Raymond sold 2,994 shares for about $524,000, reducing his holdings by 7.22%; he retained 38,456 shares. The transaction may draw attention but is relatively limited in scale. SEC filing
• Negative Sentiment: Recent coverage points to production delays, labor shortages, and 777X setbacks as risks to Boeing’s recovery, despite its backlog and defense business. Article: Boeing Stock Drops 25.6% in 3 Months
• Negative Sentiment: Put-option volume was about 65% above its usual level, suggesting heightened demand for downside protection, although options activity alone does not establish a bearish outlook.

Boeing Stock Down 1.7%

Shares of NYSE BA opened at $171.53 on Friday. The stock has a market capitalization of $135.93 billion, a PE ratio of 18.66 and a beta of 1.34. The company has a quick ratio of 0.34, a current ratio of 1.13 and a debt-to-equity ratio of 6.31. The firm has a fifty day moving average of $189.59 and a 200-day moving average of $213.86. The Boeing Company has a 52-week low of $165.01 and a 52-week high of $254.35.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.09). Boeing had a negative return on equity of 42.40% and a net margin of 7.98%. The firm had revenue of $24.19 billion during the quarter, compared to analysts’ expectations of $23.95 billion. During the same period last year, the business posted ($7.47) earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts anticipate that The Boeing Company will post -1.84 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BA shares. Citigroup downgraded Boeing from a “buy” rating to a “sell” rating in a research report on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research note on Monday, October 19th. Roth Capital lowered shares of Boeing to a “neutral” rating in a report on Wednesday, October 28th. Royal Bank Of Canada reiterated an “outperform” rating and set a $235.00 price objective on shares of Boeing in a report on Monday, October 26th. Finally, BNP Paribas Exane raised shares of Boeing to a “neutral” rating in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $247.88.

Boeing Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.