Mmbg Investment Advisors CO. Acquires 2,405 Shares of The Boeing Company $BA

Mmbg Investment Advisors CO. lifted its holdings in The Boeing Company (NYSE:BA) by 41.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,235 shares of the aircraft producer’s stock after buying an additional 2,405 shares during the period. Mmbg Investment Advisors CO.’s holdings in Boeing were worth $1,788,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new position in shares of Boeing in the 3rd quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new position in shares of Boeing in the 4th quarter worth approximately $26,000. Strategic Wealth Advisors LLC bought a new position in shares of Boeing in the 4th quarter worth approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Boeing in the 4th quarter worth approximately $28,000. Finally, American National Bank & Trust lifted its stake in shares of Boeing by 124.2% in the 4th quarter. American National Bank & Trust now owns 139 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 77 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $219.18 on Tuesday. The Boeing Company has a 12 month low of $176.77 and a 12 month high of $254.35. The stock has a market cap of $172.78 billion, a price-to-earnings ratio of 106.40 and a beta of 1.21. The company’s 50 day moving average is $217.63 and its two-hundred day moving average is $218.86. The company has a current ratio of 1.18, a quick ratio of 0.35 and a debt-to-equity ratio of 7.42.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48. The company had revenue of $22.22 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same period last year, the business earned ($0.49) earnings per share. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, research analysts anticipate that The Boeing Company will post -0.15 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Bradley D. Tilden acquired 1,370 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the acquisition, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mortimer J. Buckley acquired 2,230 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were bought at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the acquisition, the director owned 4,430 shares in the company, valued at approximately $993,206. This represents a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.10% of the company’s stock.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing received a boost from a jury verdict in its favor in a long-running 737 MAX fraud case, reducing a legal risk that had weighed on sentiment. Boeing found not guilty of $153M 737 MAX fraud case
• Positive Sentiment: Saudi Arabia’s Riyadh Air is moving ahead with its launch and will take its first Boeing jets this week, reinforcing backlog and delivery optimism. Saudi Arabia pushes ahead with launch of new airline despite Iran war
• Positive Sentiment: Insider buying added a constructive signal, with a Boeing director purchasing nearly $300,000 of stock. Insider Buying: Boeing (NYSE:BA) Director Buys $299,345.00 in Stock
• Positive Sentiment: Several recent analyses argue Boeing remains attractively valued relative to peers, and some analysts view the recent weakness as an entry point. BA vs. LMT: Which Aerospace-Defense Giant Offers Better Value Today?
• Neutral Sentiment: New commentary on Boeing’s long-term outlook says the company likely needs a new narrow-body aircraft over the next decade, but the timeline and execution remain uncertain. Where Will Boeing Stock Be in 10 Years?
• Negative Sentiment: Investor disappointment is centered on China, where Boeing reportedly secured only 200 aircraft orders, less than some had hoped for after trade discussions. The Disappointing Boeing Deal: Why China Only Bought 200 Planes

Wall Street Analyst Weigh In

BA has been the topic of a number of recent analyst reports. Wolfe Research restated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research note on Thursday, April 23rd. TD Cowen restated a “buy” rating on shares of Boeing in a research note on Wednesday, January 28th. Citigroup raised their target price on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Tigress Financial raised their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Royal Bank Of Canada raised their target price on shares of Boeing from $265.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $259.80.

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.