Aviva PLC Buys 37,524 Shares of The Boeing Company $BA

Aviva PLC raised its stake in shares of The Boeing Company (NYSE:BA) by 6.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 632,665 shares of the aircraft producer’s stock after purchasing an additional 37,524 shares during the quarter. Aviva PLC’s holdings in Boeing were worth $137,364,000 as of its most recent filing with the SEC.

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

Insider Activity

In related news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction dated Wednesday, May 20th. The shares were bought 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 owned 1,370 shares of the company’s stock, valued at approximately $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.10% of the company’s stock.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing announced a $2.35 billion investment in its Wichita campus, reinforcing management’s commitment to production and long-term operational improvement. Boeing (BA) Stock Trades Up, Here Is Why
• Positive Sentiment: Boeing’s Global Services unit reported higher Q1 revenue, a record $33 billion backlog, and major contract wins, suggesting a growing recurring revenue stream that could support future earnings. Can Boeing’s Global Services Business Become a Bigger Growth Driver?
• Positive Sentiment: The FAA granted test approval for Boeing’s 777X program, another sign that the company is making regulatory progress on a key future aircraft platform. Boeing 777X Wins FAA Test Approval As Stock Trades Below Targets
• Neutral Sentiment: A Reuters report said the U.S. Air Force is confident it has found a fix for a long-running KC-46 tanker issue, which could help Boeing’s defense program but is still an early-stage development. US Air Force confident in fix for Boeing KC-46 refueling tanker
• Negative Sentiment: Recent headlines also note that Boeing has faced delivery delays affecting Riyadh Air’s launch, underscoring that supply chain and production issues remain a risk. Saudi’s new national carrier gets off ground despite war, delays

Wall Street Analyst Weigh In

BA has been the topic of several recent research reports. Jefferies Financial Group reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 4th. Wolfe Research reiterated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Morgan Stanley lifted their target price on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, April 23rd. Citigroup lifted their target price on shares of Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Tigress Financial lifted their target price on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $262.32.

Boeing Price Performance

Shares of BA stock opened at $221.08 on Friday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The firm’s 50 day moving average is $222.55 and its 200-day moving average is $221.40. The firm has a market capitalization of $174.28 billion, a price-to-earnings ratio of 107.32 and a beta of 1.19. 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 earnings results 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 company had revenue of $22.22 billion for the quarter, compared to analyst estimates of $22.15 billion. During the same quarter in the previous year, the company posted ($0.49) earnings per share. Boeing’s revenue for the quarter was up 14.0% on a year-over-year basis. Sell-side analysts forecast that The Boeing Company will post -0.15 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.