Sigma Planning Corp Has $5.42 Million Stock Holdings in The Boeing Company $BA

Sigma Planning Corp lifted its holdings in The Boeing Company (NYSE:BA) by 10.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,230 shares of the aircraft producer’s stock after buying an additional 2,467 shares during the quarter. Sigma Planning Corp’s holdings in Boeing were worth $5,420,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Revolve Wealth Partners LLC bought a new position in shares of Boeing in the fourth quarter worth about $201,000. Sivia Capital Partners LLC increased its holdings in shares of Boeing by 16.5% in the second quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock valued at $320,000 after purchasing an additional 217 shares in the last quarter. AXA S.A. raised its position in Boeing by 1,225.7% in the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after purchasing an additional 32,041 shares during the last quarter. Ieq Capital LLC raised its position in Boeing by 243.8% in the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock worth $7,016,000 after purchasing an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Boeing by 4.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock worth $279,608,000 after buying an additional 53,736 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.6%

Boeing stock opened at $218.41 on Thursday. The company’s 50 day simple moving average is $222.63 and its 200 day simple moving average is $224.83. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The firm has a market capitalization of $172.18 billion, a price-to-earnings ratio of 106.03 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) 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. The firm’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the previous year, the company posted ($0.49) EPS. As a group, sell-side analysts anticipate that The Boeing Company will post -0.1 EPS for the current year.

Boeing News Roundup

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing reported its highest first-half aircraft deliveries since 2018, including 171 commercial and defense deliveries in Q2 and 314 jet deliveries through June, a sign that production and supply-chain execution are improving. Reuters article on Boeing records highest first-half deliveries since 2018
• Positive Sentiment: New aircraft demand also looks healthy, with Boeing benefiting from the global airline fleet renewal cycle and a large backlog that supports longer-term revenue visibility. Yahoo Finance article on Boeing benefit from global airline fleet renewal cycle
• Positive Sentiment: Media reports that Riyadh Air may place a larger Boeing order, and a WestJet lease for 13 Boeing 737-10 jets, suggest continued interest from airlines in Boeing’s narrow-body lineup. Yahoo Finance article on Boeing Eyes Bigger Riyadh Air Order
• Positive Sentiment: Boeing is also highlighting its defense and autonomous systems portfolio, including the MQ-28 Ghost Bat at Farnborough, which may help investor confidence in its non-commercial growth drivers. Yahoo Finance article on Boeing unveils MQ-28 Ghost Bat
• Neutral Sentiment: Morgan Stanley remained constructive on aerospace and defense ahead of Q2 earnings, citing resilient demand and improving aircraft production, though it noted stock volatility and valuation differences in the sector. Yahoo Finance article on Morgan Stanley stays bullish on aerospace
• Negative Sentiment: Reuters also reported that Boeing and Airbus had to charter a large cargo plane to move parts faster, underscoring lingering supply-chain bottlenecks that could still weigh on production schedules. Reuters article on Airbus and Boeing easing supply snags

Insider Activity

In other news, Director Bradley D. Tilden acquired 1,370 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $218.50 per share, for a total transaction of $299,345.00. Following the transaction, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

BA has been the topic of a number of recent research reports. Wells Fargo & Company assumed coverage on Boeing in a research report on Wednesday, April 1st. They issued an “overweight” rating and a $250.00 price objective on the stock. Tigress Financial upped their price target on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Morgan Stanley raised their price target on Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Btg Pactual set a $260.00 price objective on Boeing in a research report on Tuesday. Finally, Citigroup boosted their price objective on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $261.53.

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.