Keudell Morrison Wealth Management Acquires Shares of 3,621 The Boeing Company $BA

Keudell Morrison Wealth Management acquired a new stake in The Boeing Company (NYSE:BA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,621 shares of the aircraft producer’s stock, valued at approximately $786,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Axxcess Wealth Management LLC increased its stake in shares of Boeing by 324.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 94,960 shares of the aircraft producer’s stock worth $20,618,000 after acquiring an additional 72,611 shares during the last quarter. Midwest Financial Partners Investments Inc. acquired a new stake in shares of Boeing in the 4th quarter worth $399,000. Diamant Asset Management Inc. increased its stake in shares of Boeing by 7.3% in the 4th quarter. Diamant Asset Management Inc. now owns 4,423 shares of the aircraft producer’s stock worth $960,000 after acquiring an additional 300 shares during the last quarter. Pinnbrook Capital Management LP acquired a new stake in shares of Boeing in the 4th quarter worth $3,987,000. Finally, Newport Trust Company LLC increased its stake in shares of Boeing by 1.0% in the 4th quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock worth $6,401,847,000 after acquiring an additional 286,848 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BA shares. Vertical Research reaffirmed a “buy” rating and issued a $281.00 target price on shares of Boeing in a research note on Tuesday, January 27th. TD Cowen reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, March 4th. Royal Bank Of Canada raised their target price on Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company started coverage on Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have given a Hold rating and two have assigned 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 $259.80.

Boeing Stock Down 1.1%

Shares of NYSE:BA opened at $219.72 on Friday. The business has a 50-day moving average price of $217.24 and a 200 day moving average price of $218.62. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42. The company has a market capitalization of $173.21 billion, a price-to-earnings ratio of 106.66 and a beta of 1.21. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.48. The business had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.49) earnings per share. Sell-side analysts expect that The Boeing Company will post -0.15 EPS for the current year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: China officially confirmed an order for 200 Boeing jets, a meaningful boost to Boeing’s commercial aircraft outlook and a sign that trade tensions may be easing. Beijing Confirms Boeing Aircraft Order Following Trump’s China Visit—Xi Jinping Seeks To End $30 Billion In Reciprocal Tariffs With US
• Positive Sentiment: Citi called the recent pullback in Boeing shares a buying opportunity and raised its price target to $260, signaling confidence in the stock’s recovery potential. Citi calls Boeing selloff a ‘gift’ and lifts BA target to $260
• Positive Sentiment: Analysts highlighted Boeing’s record $695 billion backlog, rising deliveries, and defense growth as evidence that the company’s recovery and revenue visibility are improving. Is Boeing’s Growing Backlog Strengthening Its Recovery Prospects?
• Neutral Sentiment: Boeing and Gilat Satellite Networks announced a partnership to offer in-flight connectivity hardware as a factory-installed option, a small but potentially helpful product and services development. Boeing Bets On Gilat Antennas As Connectivity Becomes Core For Investors
• Neutral Sentiment: News that Boeing’s former IMAX theater is staying out of a redevelopment plan is unlikely to materially affect Boeing’s business or stock performance. “A Blow to Movie Buffs”: Boeing Stock (NYSE:BA) Slips as Former Boeing IMAX Theater Stays Out of Features
• Negative Sentiment: Some investors were disappointed that the China order was for 200 planes rather than the much larger figure the market had hoped for, which likely contributed to the stock’s volatility. Fresh China deal gives hope for whipsawed Boeing shares

Insider Transactions at Boeing

In other news, Director Mortimer J. Buckley bought 2,230 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of $224.20 per share, with a total value of $499,966.00. Following the transaction, the director directly owned 4,430 shares in the company, valued at $993,206. The trade was a 101.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Uma M. Amuluru sold 1,503 shares of Boeing stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the transaction, the executive vice president directly owned 19,015 shares of the company’s stock, valued at approximately $4,445,326.70. This represents a 7.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is currently owned by company insiders.

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.