Capital Planning LLC Has $7.01 Million Stake in The Boeing Company $BA

Capital Planning LLC reduced its position in The Boeing Company (NYSE:BA) by 30.2% during the first quarter, Holdings Channel.com reports. The firm owned 35,203 shares of the aircraft producer’s stock after selling 15,248 shares during the quarter. Boeing accounts for approximately 2.3% of Capital Planning LLC’s holdings, making the stock its 15th biggest position. Capital Planning LLC’s holdings in Boeing were worth $7,006,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Capstone Capital Management Ltd increased its stake in Boeing by 10.0% during the 1st quarter. Capstone Capital Management Ltd now owns 17,336 shares of the aircraft producer’s stock valued at $3,450,000 after purchasing an additional 1,571 shares in the last quarter. CFS Investment Advisory Services LLC lifted its stake in shares of Boeing by 3.2% in the first quarter. CFS Investment Advisory Services LLC now owns 2,457 shares of the aircraft producer’s stock valued at $489,000 after buying an additional 77 shares in the last quarter. First Interstate Bank lifted its stake in shares of Boeing by 549.3% in the first quarter. First Interstate Bank now owns 6,337 shares of the aircraft producer’s stock valued at $1,261,000 after buying an additional 5,361 shares in the last quarter. Seelaus Asset Management LLC grew its holdings in shares of Boeing by 46.0% during the first quarter. Seelaus Asset Management LLC now owns 5,029 shares of the aircraft producer’s stock valued at $1,001,000 after buying an additional 1,585 shares during the last quarter. Finally, IAG Wealth Partners LLC grew its holdings in shares of Boeing by 12,332.1% during the first quarter. IAG Wealth Partners LLC now owns 3,481 shares of the aircraft producer’s stock valued at $693,000 after buying an additional 3,453 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $224.67 on Thursday. The firm has a 50-day moving average of $223.46 and a 200-day moving average of $224.74. The company has a market cap of $177.11 billion, a P/E ratio of 109.06 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. The Boeing Company has a one year low of $176.77 and a one year high of $254.35.

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

Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. Tigress Financial upped their target price on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Weiss Ratings downgraded Boeing from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. Morgan Stanley boosted their price objective on Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Wolfe Research reissued an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Finally, Citigroup raised their target price on Boeing from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $261.61.

Trending Headlines about Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s production recovery is still intact, with 737 output stabilized and plans to ramp higher, while certification progress on the 737-7/737-10 and 777-9 supports the longer-term turnaround story. Boeing (BA) Could Be 13% Undervalued As 737 MAX Output Ramps Up
• Positive Sentiment: Denmark said it will buy two Boeing P-8A Poseidon maritime patrol aircraft, reinforcing demand for Boeing’s defense business. Denmark to buy two maritime patrol aircraft from Boeing, defence ministry says
• Positive Sentiment: Philippine Airlines is reportedly considering a widebody order that could include about 10 Boeing 787s, which would support backlog and long-term deliveries. Philippine Airlines Eyes 20 Widebody Jets Split Between Boeing and Airbus
• Neutral Sentiment: Investor attention remains elevated around Boeing, but one Zacks item was mainly a sentiment/visibility note rather than a fundamental catalyst. Investors Heavily Search The Boeing Company (BA): Here is What You Need to Know
• Negative Sentiment: Two recent 737 MAX incidents on Southwest flights have put Boeing back in the spotlight and may renew concerns about product reliability and future inspections or delays. Boeing Co. (NYSE: BA)
• Negative Sentiment: Boeing also faces execution risk from wiring rework, 787 delays, and Spirit AeroSystems integration costs, which could pressure cash flow if problems persist. The Boeing Company Stock

Insider Buying and Selling

In other news, Director Bradley D. Tilden bought 1,370 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were purchased at an average price of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director directly owned 1,370 shares in the company, valued at $299,345. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

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.