Kercheville Advisors LLC Trims Holdings in The Boeing Company $BA

Kercheville Advisors LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 54.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,764 shares of the aircraft producer’s stock after selling 3,315 shares during the quarter. Kercheville Advisors LLC’s holdings in Boeing were worth $550,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Purus Wealth Management LLC raised its position in Boeing by 3.6% during the 4th quarter. Purus Wealth Management LLC now owns 1,177 shares of the aircraft producer’s stock worth $256,000 after buying an additional 41 shares during the last quarter. West Wealth Group LLC boosted its holdings in shares of 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 acquiring an additional 42 shares during the last quarter. First Heartland Consultants Inc. boosted its holdings in shares of Boeing by 1.1% in the 4th quarter. First Heartland Consultants Inc. now owns 4,062 shares of the aircraft producer’s stock valued at $882,000 after acquiring an additional 43 shares during the last quarter. XML Financial LLC increased its stake in shares of Boeing by 0.5% in the fourth quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock worth $1,933,000 after acquiring an additional 43 shares during the period. Finally, Global Financial Private Client LLC increased its stake in shares of Boeing by 1.1% in the fourth quarter. Global Financial Private Client LLC now owns 4,025 shares of the aircraft producer’s stock worth $874,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.7%

Shares of Boeing stock opened at $216.98 on Wednesday. The firm has a 50-day simple moving average of $224.23 and a two-hundred day simple moving average of $223.28. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The company has a market cap of $171.05 billion, a P/E ratio of 105.33 and a beta of 1.19.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) EPS for the quarter, beating 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. During the same quarter last year, the business earned ($0.49) earnings per share. Boeing’s revenue was up 14.0% on a year-over-year basis. As a group, equities analysts predict that The Boeing Company will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BA. Morgan Stanley boosted 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. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Wolfe Research reiterated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Wells Fargo & Company assumed coverage on Boeing in a research note on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 target price on the stock. Finally, Tigress Financial lifted their price target on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Two 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $262.32.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s experimental Q4S quantum networking satellite cleared a key ground-testing milestone, supporting the company’s longer-term space and communications ambitions. Boeing (BA) Reaches A Key Q4S Quantum Satellite Test Milestone
• Positive Sentiment: British Airways flying more Boeing 787-10 Dreamliners highlights continued demand for Boeing aircraft in commercial aviation. British Airways is suddenly flying its Boeing 787-10 Dreamliners more than ever
• Neutral Sentiment: Boeing named a new Southeast Asia leader, a management update that may help regional execution but is unlikely to move the stock on its own. Boeing Names New Southeast Asia Leader
• Neutral Sentiment: Several commentary pieces compared Boeing with Airbus or discussed valuation after recent operational scrutiny, reinforcing that investors are weighing upside against execution risk. Boeing (BA) Stock After Recent Operational Scrutiny Is The Current Valuation Attractive
• Negative Sentiment: Articles flagged Boeing as falling more than the broader market and cited ongoing operational concerns, which likely pressured sentiment. Boeing (BA) Registers a Bigger Fall Than the Market: Important Facts to Note
• Negative Sentiment: Coverage about growing competition in aerospace suggests Boeing faces pressure from rivals, which can weigh on the stock. Growing Competition Sends Boeing Stock (NYSE:BA) Down

Insider Transactions at Boeing

In other Boeing news, Director Bradley D. Tilden purchased 1,370 shares of the stock in a transaction on Wednesday, May 20th. The shares were bought at an average price 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 $299,345. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

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.