Guardian Partners Inc. Has $644,000 Stock Holdings in The Boeing Company $BA

Guardian Partners Inc. trimmed its position in shares of The Boeing Company (NYSE:BA) by 64.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,226 shares of the aircraft producer’s stock after selling 5,949 shares during the quarter. Guardian Partners Inc.’s holdings in Boeing were worth $644,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Vanguard Group Inc. raised its stake in shares of Boeing by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after purchasing an additional 3,460,021 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in shares of Boeing by 245.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock valued at $489,052,000 after buying an additional 1,600,909 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Boeing by 43.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,907,876 shares of the aircraft producer’s stock valued at $840,204,000 after buying an additional 1,176,074 shares in the last quarter. Viking Global Investors LP increased its stake in shares of Boeing by 31.3% during the 4th quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock worth $858,294,000 after purchasing an additional 942,536 shares during the last quarter. Finally, Diamant Asset Management Inc. increased its position in Boeing by 19,623.0% during the first quarter. Diamant Asset Management Inc. now owns 872,348 shares of the aircraft producer’s stock worth $173,623,000 after buying an additional 867,925 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported second-quarter revenue of $24.6 billion, up 8% year over year and ahead of Wall Street expectations. Commercial aircraft deliveries rose to 171, the company’s strongest quarterly total since 2018, supporting the broader turnaround story. Boeing Q2 revenue tops estimates as jet deliveries climb, cash turns positive
• Positive Sentiment: Operating cash flow reached $1.4 billion and free cash flow was approximately $631 million. Management maintained its full-year free-cash-flow outlook of $1 billion to $3 billion, while CFO Brian West described a return to $10 billion in annual free cash flow as attainable over time. Boeing posts larger-than-expected Q2 loss as Air Force One costs rise
• Positive Sentiment: Total backlog reached a record $715.3 billion, including more than 6,200 commercial aircraft, providing substantial long-term revenue visibility. Boeing’s Q2 loss wider than estimated, revenues increase
• Neutral Sentiment: Investors appeared willing to look through the earnings miss because the $428 million net loss was narrower than the $612 million loss in the prior-year quarter and production is recovering. Shares also received favorable commentary from market commentator Jim Cramer, though such commentary is not a fundamental catalyst. Jim Cramer says Boeing stock is ready to run
• Negative Sentiment: Core loss per share was $0.76, substantially worse than the roughly $0.28 analyst consensus. Boeing recorded a further $280 million charge on the delayed Air Force One replacement program, which pushed its Defense, Space & Security segment into an operating loss and highlighted continuing fixed-price contract risk. Boeing posts bigger loss than expected as Air Force One costs weigh
• Negative Sentiment: The FAA said airlines should inspect seat installations on 453 Boeing 737 MAX aircraft after identifying improperly installed seats. The estimated cost is modest, but the issue adds another quality-control concern for Boeing and its regulators. FAA says seats on hundreds of Boeing 737 MAX were incorrectly installed

Boeing Stock Up 5.1%

Shares of BA stock opened at $222.34 on Wednesday. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The company has a quick ratio of 0.35, a current ratio of 1.18 and a debt-to-equity ratio of 7.42. The firm has a market cap of $175.27 billion, a PE ratio of 107.93 and a beta of 1.21. The stock has a 50 day moving average of $219.32 and a 200-day moving average of $224.16.

Boeing (NYSE:BA) last announced its earnings results 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 analyst estimates of $24.26 billion. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.24) earnings per share. On average, equities analysts predict that The Boeing Company will post -0.33 EPS for the current year.

Insider Transactions at Boeing

In related news, Director Bradley D. Tilden acquired 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were bought at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director owned 1,370 shares in the company, valued at $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BA shares. William Blair reaffirmed an “outperform” rating on shares of Boeing in a research report on Tuesday. Weiss Ratings reissued a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. Wolfe Research reissued an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Wells Fargo & Company began coverage on shares of Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective for the company. Finally, Btg Pactual set a $260.00 target price on shares of Boeing in a research report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $261.89.

Boeing Company 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.