EP Wealth Advisors LLC Takes Position in The Boeing Company $BA

EP Wealth Advisors LLC acquired a new position in shares of The Boeing Company (NYSE:BA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 31,184 shares of the aircraft producer’s stock, valued at approximately $6,750,000.

Other hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in Boeing during the third quarter worth approximately $25,000. Strive Financial Group LLC purchased a new position in shares of Boeing in the 4th quarter worth $25,000. Ares Financial Consulting LLC purchased a new position in shares of Boeing in the 4th quarter worth $26,000. CrossGen Wealth LLC purchased a new position in shares of Boeing in the 4th quarter worth $26,000. Finally, Strategic Wealth Advisors LLC acquired a new position in Boeing in the fourth quarter valued at $27,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The U.S. State Department approved a potential $4.5 billion sale of KC-46A tanker aircraft to Qatar. The approval supports Boeing’s defense backlog, although the transaction still requires finalization. US approves potential $4.5B sale of Boeing KC-46A tankers to Qatar
• Positive Sentiment: Boeing’s agreement to sell or transfer businesses including Wisk Aero, Insitu and SkyGrid to Archer Aviation, while taking a strategic stake in Archer, could generate cash and provide exposure to autonomous and electric aviation markets. However, the deal’s financial impact and execution remain uncertain. Archer Aviation bets big on becoming more than an air taxi company
• Neutral Sentiment: AerCap delivered its tenth Boeing 787 to Grupo Aeromexico, marking its 100th 787 delivery from its direct order book. The milestone signals continuing customer demand for the Dreamliner but is not a new Boeing order or immediate revenue catalyst. AerCap Holdings compared with Boeing
• Negative Sentiment: Voting ends on Boeing’s proposed four-year contract with the Society of Professional Engineering Employees in Aerospace, representing roughly 17,000 engineers and technical workers. A rejection could authorize a strike after the current contracts expire on October 6, raising concerns about production, certification and delivery schedules. Results were expected Friday afternoon. Boeing white-collar union contract vote results expected today
• Negative Sentiment: The labor uncertainty is outweighing recent operating progress, including higher commercial deliveries and efforts to increase 737 production. Investors appear concerned that a work stoppage could interrupt Boeing’s recovery. Boeing slides as labor vote uncertainty outweighs operational progress
• Negative Sentiment: Boeing is advancing repairs to Air Force One, but window replacement and interior work could threaten the program’s schedule, adding another execution risk to the company’s defense business. Boeing advances Air Force One repairs

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research reports. Btg Pactual set a $260.00 price target on Boeing in a research report on Tuesday, July 14th. Argus raised Boeing from a “hold” rating to a “buy” rating and set a $265.00 price objective on the stock in a research note on Tuesday, August 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. Barclays cut Boeing from an “equal weight” rating to an “underweight” rating in a report on Tuesday, August 11th. Finally, Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “hold” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $272.58.

Boeing Stock Down 0.4%

Shares of NYSE BA opened at $214.20 on Friday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a market cap of $169.30 billion, a P/E ratio of 92.73 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The stock has a fifty day moving average price of $222.11 and a 200 day moving average price of $222.26.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) 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. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.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 firm earned ($1.24) EPS. Research analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal 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.