KBC Group NV Raises Stock Holdings in The Boeing Company $BA

KBC Group NV lifted its stake in shares of The Boeing Company (NYSE:BA) by 20.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,641 shares of the aircraft producer’s stock after acquiring an additional 14,551 shares during the period. KBC Group NV’s holdings in Boeing were worth $16,846,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BA shares. Weiss Ratings lowered shares of Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Citigroup increased their price target on Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Wolfe Research restated an “outperform” rating and set a $275.00 price objective on shares of Boeing in a report on Thursday, April 23rd. Tigress Financial lifted their price objective on Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Finally, Btg Pactual set a $260.00 target price on Boeing in a research note on Tuesday, July 14th. Two equities 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $261.53.

Boeing Price Performance

Boeing stock opened at $204.75 on Wednesday. The Boeing Company has a 1 year low of $176.77 and a 1 year high of $254.35. The firm has a 50 day moving average price of $220.61 and a 200 day moving average price of $224.64. The company has a market cap of $161.40 billion, a price-to-earnings ratio of 99.39 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a quick ratio of 0.35 and a current ratio of 1.18.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 22nd. The aircraft producer reported ($0.20) earnings per share 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 analysts’ expectations of $22.15 billion. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.49) EPS. Sell-side analysts predict that The Boeing Company will post -0.27 earnings per share for the current year.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing announced a string of major commercial wins at the Farnborough Airshow, including orders/commitments from Philippine Airlines for up to 20 787 Dreamliners, SMBC Aviation Capital for 100 737 MAX jets, Riyadh Air for 28 more 787s, Luxair for additional 737-10s, Uganda Airlines’ first-ever Boeing purchase, and MSC Air Cargo’s five 777-8 freighters, strengthening the company’s backlog and revenue outlook. Article: Boeing and Philippine Airlines Announce Commitment for up to 20 787 Dreamliner Jets
• Positive Sentiment: FAA officials said certification for the 737 MAX 7 and 737 MAX 10 is expected soon, which could help Boeing bring long-delayed variants to market and support near-term production momentum. Article: FAA says certification of Boeing 737 MAX 7, 10 expected soon
• Positive Sentiment: Emirates said it expects Boeing 777-9 deliveries in the second quarter of 2027, signaling the troubled widebody program is moving closer to certification and entry into service. Article: Emirates expects Boeing 777-9 deliveries in second quarter 2027, president says
• Neutral Sentiment: Boeing pushed the U.S. to seek transparency on a reported EU loan package to Airbus, a sign that trade tensions could resurface, but the direct stock impact is unclear. Article: Boeing asks US to intervene over record EU loan to Airbus
• Negative Sentiment: Some coverage highlighted increasing competition from Chinese aircraft makers and Airbus, while Boeing’s CEO reiterated that a new jet launch is still years away because the company needs to repair its balance sheet first. Article: Boeing and Airbus prepare for next narrow-body battle – but airlines aren’t pushing for new jets yet
• Negative Sentiment: Analysts also noted Boeing may be heading into next week’s earnings report with weak earnings expectations, which could temper enthusiasm after the recent order wins. Article: Boeing (BA) May Report Negative Earnings: Know the Trend Ahead of Next Week’s Release

Insider Activity

In other news, Director Bradley D. Tilden acquired 1,370 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the acquisition, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Boeing Company 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.