Jacobs & Co. CA Has $9.72 Million Stake in The Boeing Company $BA

Jacobs & Co. CA reduced its holdings in shares of The Boeing Company (NYSE:BA) by 16.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 44,915 shares of the aircraft producer’s stock after selling 9,088 shares during the quarter. Jacobs & Co. CA’s holdings in Boeing were worth $9,722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in BA. Measured Wealth Private Client Group LLC acquired a new stake in Boeing during the 3rd quarter valued at $25,000. Strive Financial Group LLC bought a new position in Boeing during the fourth quarter worth $25,000. Ares Financial Consulting LLC acquired a new position in shares of Boeing in the fourth quarter valued at $26,000. CrossGen Wealth LLC acquired a new position in shares of Boeing in the fourth quarter valued at $26,000. Finally, Strategic Wealth Advisors LLC bought a new position in shares of Boeing in the fourth quarter valued at about $27,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The FAA approved Boeing’s 737 MAX 7 for commercial service after a lengthy certification process. The approval allows Boeing to begin delivering completed aircraft and removes a major bottleneck for its backlog, supporting expectations for higher revenue, deliveries and cash generation. Boeing Wins 737 MAX 7 Approval
• Positive Sentiment: Analyst optimism is providing another tailwind. Tigress Financial raised its price target on BA from $295 to $305 and reiterated a “buy” rating, citing the company’s operational acceleration and the potential benefits of the MAX 7 rollout. Boeing Price Target Raised
• Positive Sentiment: Recent coverage points to improving production, deliveries and cash-flow prospects as Boeing moves past manufacturing disruptions and regulatory restrictions. Jim Cramer’s earlier bullish view on a turnaround is being highlighted after BA’s recent rally, although his comments are primarily sentiment-driven rather than a new fundamental catalyst. Jim Cramer on Boeing
• Neutral Sentiment: BA has gained roughly 8% this week following the MAX 7 approval, but its longer-term performance remains more muted. At about $234, the stock is near the upper portion of its 52-week range, with a forward-looking turnaround narrative already reflected in a high valuation.
• Negative Sentiment: The FAA ordered inspections of 471 737-8, 737-9 and 737-8200 aircraft after identifying possible cracks near a service-door structural reinforcement. Boeing supports the directive and says the issue has not been observed in the MAX fleet, but required inspections and any repairs could increase costs, delay aircraft and revive concerns about Boeing’s quality controls. FAA Probe Into Boeing 737 Jets

Boeing Stock Up 1.0%

BA stock opened at $234.48 on Friday. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35. The business has a 50-day simple moving average of $220.24 and a 200 day simple moving average of $223.61. The company has a quick ratio of 0.33, a current ratio of 1.14 and a debt-to-equity ratio of 6.77. The company has a market cap of $185.33 billion, a PE ratio of 101.51 and a beta of 1.21.

Boeing (NYSE:BA) last announced its quarterly earnings data 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). 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 for the quarter, compared to analyst estimates of $24.26 billion. During the same quarter in the previous year, the company earned ($1.24) earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -0.88 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was bought at an average price of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director owned 1,370 shares in the company, valued at approximately $299,345. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Btg Pactual set a $260.00 target price on shares of Boeing in a research note on Tuesday, July 14th. Royal Bank Of Canada decreased their price target on shares of Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. William Blair reissued an “outperform” rating on shares of Boeing in a report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Citigroup boosted their price objective on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $273.00.

About Boeing

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.