E Fund Management Co. Ltd. Purchases Shares of 2,916 The Boeing Company $BA

E Fund Management Co. Ltd. bought a new stake in The Boeing Company (NYSE:BA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,916 shares of the aircraft producer’s stock, valued at approximately $631,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. XML Financial LLC grew its stake in shares of Boeing by 0.5% during the 4th quarter. XML Financial LLC now owns 8,905 shares of the aircraft producer’s stock valued at $1,933,000 after buying an additional 43 shares during the period. North Star Investment Management Corp. raised its position in shares of Boeing by 1.6% in the 4th quarter. North Star Investment Management Corp. now owns 2,833 shares of the aircraft producer’s stock worth $615,000 after buying an additional 44 shares during the period. Strait & Sound Wealth Management LLC raised its position in shares of Boeing by 1.1% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 3,915 shares of the aircraft producer’s stock worth $850,000 after buying an additional 44 shares during the period. B.O.S.S. Retirement Advisors LLC boosted its holdings in Boeing by 1.4% in the first quarter. B.O.S.S. Retirement Advisors LLC now owns 3,175 shares of the aircraft producer’s stock valued at $632,000 after acquiring an additional 44 shares during the last quarter. Finally, PKS Advisory Services LLC boosted its holdings in Boeing by 2.5% in the fourth quarter. PKS Advisory Services LLC now owns 1,839 shares of the aircraft producer’s stock valued at $399,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BA. Cantor Fitzgerald lowered Boeing to a “neutral” rating in a research note on Tuesday, August 11th. The Goldman Sachs Group lowered Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. boosted their target price on Boeing from $270.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Btg Pactual set a $260.00 target price on shares of Boeing in a research report on Tuesday, July 14th. Finally, BNP Paribas Exane upgraded shares of Boeing from an “underperform” rating to an “outperform” rating and raised their price target for the company from $230.00 to $300.00 in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $272.58.

Key Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is pursuing an internal turnaround under CEO Kelly Ortberg, emphasizing engineering discipline, production quality and long-term aircraft development rather than short-term Wall Street targets. The strategy could improve execution and restore customer and investor confidence, although results will take time. How Kelly Ortberg is rebuilding Boeing from the inside out
• Positive Sentiment: Wright-Patterson Air Force Base awarded Boeing a $75 million contract for Air Force One spare parts, providing incremental support for the company’s defense and government-services business. Boeing $75 million Air Force One parts contract
• Positive Sentiment: Boeing and Lockheed Martin’s United Launch Alliance reportedly completed a $1.5 billion private bond offering—three times the initial target—suggesting strong investor demand for ULA financing and continued interest in its space business. Boeing Q2 earnings context

Boeing Stock Down 0.6%

Shares of NYSE:BA opened at $221.79 on Thursday. The firm has a market cap of $175.30 billion, a PE ratio of 96.01 and a beta of 1.21. The company has a fifty day simple moving average of $222.33 and a 200 day simple moving average of $222.44. 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 Boeing Company has a 12-month low of $176.77 and a 12-month high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, July 28th. The aircraft producer reported ($0.76) earnings per share 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 firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same period in the prior year, the firm earned ($1.24) earnings per share. The firm’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 -0.87 EPS for the current fiscal year.

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.