KMG Fiduciary Partners LLC Sells 3,552 Shares of The Boeing Company $BA

KMG Fiduciary Partners LLC lessened its holdings in The Boeing Company (NYSE:BA) by 21.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 13,313 shares of the aircraft producer’s stock after selling 3,552 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Boeing were worth $2,882,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of BA. Purus Wealth Management LLC lifted its holdings in Boeing by 3.6% during the fourth quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock worth $256,000 after acquiring an additional 41 shares during the period. West Wealth Group LLC grew its stake in Boeing by 0.6% in the 4th quarter. West Wealth Group LLC now owns 7,279 shares of the aircraft producer’s stock valued at $1,581,000 after purchasing an additional 42 shares during the period. XML Financial LLC increased its position in shares of Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after purchasing an additional 43 shares during the last quarter. Global Financial Private Client LLC raised its stake in shares of Boeing by 1.1% during the 4th quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock worth $874,000 after purchasing an additional 44 shares during the period. Finally, North Star Investment Management Corp. raised its stake in shares of Boeing by 1.6% during the 4th quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock worth $615,000 after purchasing an additional 44 shares during the period. 64.82% of the stock is owned by institutional investors.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The transaction could help Boeing reduce investment requirements in noncore air-taxi operations while preserving strategic exposure through its Archer stake, board representation and a long-term technology collaboration. Boeing sells eVTOL subsidiaries, takes stake in Archer
• Positive Sentiment: Boeing receives equity rather than cash, potentially allowing it to retain upside if Archer’s eVTOL and autonomous-aviation business expands. The deal also aligns Boeing with a faster-growing partner in electric aircraft and physical-AI technologies. Archer to acquire Boeing’s Wisk and two subsidiaries
• Neutral Sentiment: Broader aircraft-industry demand remains favorable: large aircraft backlogs and engine supply constraints are supporting suppliers such as GE Aerospace and RTX, although this is an indirect read-through for Boeing and does not resolve its execution and financial challenges. Boeing and Airbus Need More Engines
• Negative Sentiment: Boeing is giving up control of Wisk Aero, SkyGrid and Insitu, including Insitu’s profitable defense-drone operations, which generate more than $200 million in annual revenue. Investors may view the sale as a loss of future growth and diversification, particularly because Boeing receives no immediate cash proceeds. Archer acquisition announcement
• Negative Sentiment: The deal reinforces concerns that Boeing is retreating from emerging aviation technologies while its core commercial-aircraft business continues to face execution, profitability and balance-sheet pressure. The Archer stake’s eventual value will depend on the startup’s ability to commercialize its aircraft. Boeing stock slips after air-taxi sale plan

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. UBS Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, July 29th. Wolfe Research reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their target price on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and increased their target price for the company from $230.00 to $300.00 in a research report on Monday, August 3rd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Boeing in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $273.00.

Insiders Place Their Bets

In related news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by insiders.

Boeing Price Performance

Boeing stock opened at $232.97 on Tuesday. The firm has a market capitalization of $184.13 billion, a P/E ratio of 100.85 and a beta of 1.21. The Boeing Company has a one year low of $176.77 and a one year high of $254.35. The company has a debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33. The business has a fifty day moving average price of $220.41 and a 200-day moving average price of $223.33.

Boeing (NYSE:BA) last released 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). The company had revenue of $24.56 billion for the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.24) earnings per share. As a group, equities research analysts forecast that The Boeing Company will post -0.88 EPS for the current year.

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.