Glenmede Trust Co. NA Boosts Stake in The Boeing Company $BA

Glenmede Trust Co. NA raised its position in shares of The Boeing Company (NYSE:BA) by 5.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,917 shares of the aircraft producer’s stock after acquiring an additional 2,168 shares during the period. Glenmede Trust Co. NA’s holdings in Boeing were worth $7,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Boeing in the 3rd quarter worth $25,000. Strive Financial Group LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $25,000. Ares Financial Consulting LLC bought a new position in shares of Boeing in the 4th quarter valued at about $26,000. CrossGen Wealth LLC purchased a new position in Boeing in the fourth quarter worth about $26,000. Finally, Strategic Wealth Advisors LLC purchased a new stake in Boeing during the fourth quarter valued at approximately $27,000. Institutional investors own 64.82% of the company’s stock.

Insider Activity

In other Boeing news, Director Bradley D. Tilden bought 1,370 shares of Boeing stock in a transaction that occurred on Wednesday, May 20th. The shares were bought at an average cost of $218.50 per share, with a total value of $299,345.00. Following the transaction, the director directly owned 1,370 shares of the company’s stock, valued at approximately $299,345. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BA shares. Morgan Stanley lifted their price objective on shares of Boeing from $245.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of Boeing from $270.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Tigress Financial raised 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. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $230.00 to $300.00 in a research note on Monday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $272.44.

Boeing Price Performance

BA opened at $233.34 on Tuesday. The Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35. The company has a current ratio of 1.14, a quick ratio of 0.33 and a debt-to-equity ratio of 6.77. The business’s fifty day simple moving average is $219.43 and its 200-day simple moving average is $223.73. The company has a market capitalization of $184.43 billion, a price-to-earnings ratio of 101.02 and a beta of 1.21.

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 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 for the quarter, compared to analysts’ expectations of $24.26 billion. During the same period in the previous year, the business earned ($1.24) earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that The Boeing Company will post -0.81 earnings per share for the current fiscal year.

Boeing News Summary

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

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.