Focused Wealth Management Inc Acquires Shares of 4,202 The Boeing Company $BA

Focused Wealth Management Inc purchased a new position in shares of The Boeing Company (NYSE:BA) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,202 shares of the aircraft producer’s stock, valued at approximately $910,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Princeton Capital Management LLC boosted its holdings in shares of Boeing by 78.3% in the fourth quarter. Princeton Capital Management LLC now owns 12,249 shares of the aircraft producer’s stock valued at $2,660,000 after purchasing an additional 5,381 shares during the period. Rakuten Investment Management Inc. raised its position in Boeing by 502.3% during the 4th quarter. Rakuten Investment Management Inc. now owns 103,099 shares of the aircraft producer’s stock valued at $22,398,000 after purchasing an additional 85,982 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Boeing during the 1st quarter valued at $7,961,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Boeing by 103.8% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 11,240 shares of the aircraft producer’s stock worth $2,237,000 after buying an additional 5,726 shares during the period. Finally, Deutsche Bank AG grew its position in shares of Boeing by 47.5% during the 4th quarter. Deutsche Bank AG now owns 2,376,243 shares of the aircraft producer’s stock worth $515,930,000 after buying an additional 765,197 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Bradley D. Tilden purchased 1,370 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the acquisition, the director owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.10% of the stock is currently owned by company insiders.

Boeing Stock Down 2.2%

NYSE:BA opened at $226.48 on Tuesday. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The stock has a market capitalization of $179.00 billion, a P/E ratio of 98.04 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The company’s 50-day simple moving average is $221.91 and its 200-day simple moving average is $222.66.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The firm had revenue of $24.56 billion during the quarter, compared to analysts’ expectations of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.24) EPS. On average, equities analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. Sanford C. Bernstein assumed coverage on shares of Boeing in a research note on Tuesday, August 11th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upped their price target on shares of Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Citigroup lowered shares of Boeing from a “buy” rating to a “sell” rating in a report on Tuesday, August 11th. The Goldman Sachs Group downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. Finally, Btg Pactual set a $260.00 target price on Boeing in a research report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $272.58.

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.