Montag A & Associates Inc. Sells 18,229 Shares of The Boeing Company $BA

Montag A & Associates Inc. trimmed its stake in The Boeing Company (NYSE:BA) by 51.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 17,110 shares of the aircraft producer’s stock after selling 18,229 shares during the period. Montag A & Associates Inc.’s holdings in Boeing were worth $3,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Measured Wealth Private Client Group LLC bought a new position in Boeing during the third quarter valued at about $25,000. Strive Financial Group LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $25,000. CrossGen Wealth LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $26,000. Ares Financial Consulting LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $26,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $27,000. Institutional investors own 64.82% of the company’s stock.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing began operating a fourth 737 MAX final assembly line in Everett, a move aimed at boosting output of its best-selling jet and supporting higher deliveries. Boeing’s new 737 assembly line starts moving in Everett
• Positive Sentiment: Reuters reported that Denmark will buy two P-8A Poseidon maritime patrol aircraft from Boeing, adding to the company’s defense order book. Denmark to buy two maritime patrol aircraft from Boeing, defence ministry says
• Neutral Sentiment: Analysts continued to highlight Boeing’s long-term case, pointing to defense wins, earnings growth, and improving liquidity, though the company’s heavy debt load remains a concern. Boeing Stock Surges 8.6% in a Month: Buy Now or Stay on the Sidelines?
• Neutral Sentiment: Boeing was also in the news for an unplanned IT outage that disrupted commercial and defense production systems, but the company said the issue was not believed to be a cyberattack and appears to be temporary. Boeing (BA) Hit By IT Outage That Disrupted Commercial And Defense Production
• Negative Sentiment: Despite the positive order and production updates, Boeing stock also showed some intraday softness, suggesting traders may be balancing the growth story against operational risk and execution concerns. Boeing Stock (NYSE:BA) Slips Despite Big New Order From the Philippines

Insider Activity at Boeing

In other news, Director Bradley D. Tilden bought 1,370 shares of the stock in a transaction on Wednesday, May 20th. The stock was purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Wolfe Research reissued an “outperform” rating and issued a $275.00 price target on shares of Boeing in a 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. Tigress Financial increased their price target on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Wells Fargo & Company started coverage on shares of Boeing in a research note on Wednesday, April 1st. They set an “overweight” rating and a $250.00 price target for the company. Finally, Morgan Stanley lifted their price objective on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $261.61.

Boeing Price Performance

BA opened at $231.76 on Wednesday. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The stock has a market capitalization of $182.69 billion, a P/E ratio of 112.50 and a beta of 1.21. The company’s 50 day simple moving average is $223.59 and its 200-day simple moving average is $224.62. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.68) by $0.48. The firm had revenue of $22.22 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the prior year, the business earned ($0.49) EPS. Boeing’s revenue was up 14.0% on a year-over-year basis. Sell-side analysts anticipate that The Boeing Company will post -0.15 earnings per share 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.