Meadowbrook Wealth Management LLC Has $256,000 Stock Holdings in The Boeing Company $BA

Meadowbrook Wealth Management LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 65.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,170 shares of the aircraft producer’s stock after selling 2,225 shares during the period. Meadowbrook Wealth Management LLC’s holdings in Boeing were worth $256,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BA. Vanguard Group Inc. increased its position in Boeing by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 70,989,438 shares of the aircraft producer’s stock worth $15,413,227,000 after acquiring an additional 3,460,021 shares during the period. Newport Trust Company LLC boosted its holdings in Boeing by 1.0% in the 4th quarter. Newport Trust Company LLC now owns 29,485,294 shares of the aircraft producer’s stock valued at $6,401,847,000 after purchasing an additional 286,848 shares during the period. Geode Capital Management LLC grew its position in shares of Boeing by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 17,025,435 shares of the aircraft producer’s stock worth $3,679,592,000 after purchasing an additional 533,753 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Boeing by 2.5% during the 4th quarter. Fisher Asset Management LLC now owns 5,640,900 shares of the aircraft producer’s stock worth $1,224,752,000 after purchasing an additional 135,860 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Boeing by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock worth $948,905,000 after purchasing an additional 138,469 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: The Federal Aviation Administration certified Boeing’s 737-7, the smallest 737 MAX variant, for commercial service after nearly a decade of technical reviews, delays and safety assessments. The amended type certificate and updated production approval clear the way for Boeing to begin first deliveries, reducing a significant regulatory overhang. Federal Aviation Administration certifies Boeing 737 MAX 7
• Positive Sentiment: BNP Paribas upgraded Boeing directly from Sell to Buy, citing fading certification risks and the potential for a substantial recovery in cash flow as aircraft production and deliveries improve. The rare double upgrade added to bullish sentiment around the turnaround. Boeing Stock Gets Rare Double Upgrade
• Positive Sentiment: Boeing delivered Somon Air’s first 737 MAX, providing another indication that MAX deliveries are expanding. The Tajikistan carrier plans to use the 737-8 to modernize its fleet and grow its network. Somon Air Receives Its First Boeing 737 MAX Jet
• Neutral Sentiment: Although the 737-7 is now certified, airlines may need several months to incorporate the aircraft into flight schedules, so the approval is likely to support Boeing’s medium-term outlook more than immediate revenue. FAA clears smallest Boeing 737 Max to fly after years of delays
• Neutral Sentiment: The certification follows years of delays linked to two fatal MAX crashes and quality-control problems. Investors still must monitor Boeing’s ability to maintain safety standards, execute production increases and convert approvals into consistent cash generation. Boeing Wins Certification for Long-Delayed 737 Max 7 Jet

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research report on Tuesday, July 21st. Btg Pactual set a $260.00 price target on Boeing in a research report on Tuesday, July 14th. Royal Bank Of Canada lowered their price objective on Boeing from $275.00 to $265.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 29th. 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. Finally, Tigress Financial upped their target price on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $272.44.

Insider Transactions at Boeing

In other Boeing 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 in the company, valued at $299,345. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Boeing Stock Up 8.0%

NYSE BA opened at $233.34 on Tuesday. The business has a fifty day moving average price of $219.43 and a two-hundred day moving average price of $223.73. The stock has a market capitalization of $184.43 billion, a PE ratio of 101.02 and a beta of 1.21. 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 debt-to-equity ratio of 6.77, a current ratio of 1.14 and a quick ratio of 0.33.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.42). Boeing had a net margin of 2.41% and a negative return on equity of 346.82%. The business had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter in the previous year, the business posted ($1.24) EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities analysts expect that The Boeing Company will post -0.81 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.