CI Investments Inc. Acquires 164,917 Shares of The Boeing Company $BA

CI Investments Inc. grew its stake in The Boeing Company (NYSE:BA) by 5,624.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 167,849 shares of the aircraft producer’s stock after buying an additional 164,917 shares during the period. CI Investments Inc.’s holdings in Boeing were worth $33,407,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Boeing by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after buying an additional 3,460,021 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of Boeing by 245.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after purchasing an additional 1,600,909 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Boeing by 43.1% during the 4th quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock worth $840,204,000 after purchasing an additional 1,176,074 shares during the last quarter. Viking Global Investors LP boosted its stake in Boeing by 31.3% during the 4th quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock valued at $858,294,000 after purchasing an additional 942,536 shares during the period. Finally, Diamant Asset Management Inc. boosted its stake in Boeing by 19,623.0% during the 1st quarter. Diamant Asset Management Inc. now owns 872,348 shares of the aircraft producer’s stock valued at $173,623,000 after purchasing an additional 867,925 shares during the period. Institutional investors own 64.82% of the company’s stock.

Insider Buying and Selling

In other Boeing news, Director Bradley D. Tilden acquired 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The stock was bought at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the purchase, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing announced several new aircraft wins at the Farnborough Airshow, including orders from Luxair, Uganda Airlines, MSC Air Cargo, and AerCap, which supports its backlog and signals steady demand for 737 MAX, 787 Dreamliner, and 777 freighter jets. Article Title
• Positive Sentiment: TipRanks and other market commentary pointed to Boeing gaining as Airbus plays catch-up, reinforcing investor optimism that Boeing is benefiting from renewed commercial aircraft momentum. Article Title
• Positive Sentiment: Several reports noted Boeing’s “strong delivery momentum” and improving corporate turnaround narrative, which can help sentiment around the stock if investors believe execution is improving. Article Title
• Neutral Sentiment: Analysts and trading commentary say Boeing remains a trending stock, but much of the focus is on the upcoming earnings report and whether recent operational progress can be sustained. Article Title
• Negative Sentiment: Technical-focused coverage flagged Boeing as sitting below key moving averages ahead of Q2 earnings, suggesting the stock still faces resistance and investor caution. Article Title
• Negative Sentiment: Some coverage also warned that Boeing may report negative earnings next week, which could temper enthusiasm if results disappoint or guidance is weak. Article Title

Boeing Stock Up 2.0%

Shares of NYSE BA opened at $208.85 on Thursday. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a 52-week low of $176.77 and a 52-week high of $254.35. The firm has a 50 day moving average price of $219.98 and a 200 day moving average price of $224.59. The stock has a market cap of $164.64 billion, a P/E ratio of 101.38 and a beta of 1.21.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. The business’s quarterly revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.49) earnings per share. Analysts expect that The Boeing Company will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. Wolfe Research reiterated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. Citigroup raised their target price on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Tigress Financial boosted their price target on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company assumed coverage on Boeing in a report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price on the stock. Finally, Morgan Stanley raised their price target on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $261.53.

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.