The Boeing Company $BA Shares Purchased by Waverly Advisors LLC

Waverly Advisors LLC raised its stake in shares of The Boeing Company (NYSE:BA) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,304 shares of the aircraft producer’s stock after acquiring an additional 3,517 shares during the quarter. Waverly Advisors LLC’s holdings in Boeing were worth $11,539,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC acquired a new stake in Boeing during the fourth quarter valued at approximately $201,000. Sivia Capital Partners LLC grew its position in shares of Boeing by 16.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,529 shares of the aircraft producer’s stock worth $320,000 after acquiring an additional 217 shares in the last quarter. AXA S.A. grew its position in shares of Boeing by 1,225.7% in the 2nd quarter. AXA S.A. now owns 34,655 shares of the aircraft producer’s stock worth $7,261,000 after acquiring an additional 32,041 shares in the last quarter. Ieq Capital LLC increased its holdings in shares of Boeing by 243.8% in the 2nd quarter. Ieq Capital LLC now owns 33,485 shares of the aircraft producer’s stock valued at $7,016,000 after acquiring an additional 23,746 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Boeing by 4.2% in the 2nd quarter. Alliancebernstein L.P. now owns 1,334,451 shares of the aircraft producer’s stock valued at $279,608,000 after acquiring an additional 53,736 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. Citigroup cut Boeing from a “buy” rating to a “sell” rating in a research note on Tuesday, August 11th. Argus upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $265.00 target price for the company in a research note on Tuesday, August 11th. Tigress Financial raised their price target on shares of Boeing from $295.00 to $305.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. BNP Paribas Exane raised shares of Boeing from an “underperform” rating to an “outperform” rating and lifted their price target for the company from $230.00 to $300.00 in a report on Monday, August 3rd. Finally, The Goldman Sachs Group lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.58.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing’s free cash flow has turned positive, an important milestone in its turnaround. Investors will be watching whether stronger cash generation can be sustained through higher aircraft deliveries, improved production efficiency, and reduced working-capital needs. Boeing’s free cash flow turned positive
• Positive Sentiment: Commentary from Jim Cramer points to a potential manufacturing recovery benefiting aerospace companies, including Boeing. That outlook could support BA if production and delivery momentum improve. Jim Cramer discusses manufacturing recovery
• Neutral Sentiment: Archer Aviation’s reported acquisition of Boeing-related businesses Wisk Aero, Insitu, and SkyGrid could help Boeing monetize noncore assets and sharpen its strategic focus, although it may also reduce exposure to potentially valuable future-mobility businesses. Archer Aviation acquisition of Boeing businesses
• Negative Sentiment: Boeing delivered 51 aircraft in August, down from 57 a year earlier, while 787 Dreamliner handovers declined. The softer widebody performance is significant because accelerating deliveries are central to Boeing’s cash-flow recovery and efforts to reduce its substantial debt burden. Boeing August deliveries dip as 787 handovers fall
• Negative Sentiment: A fatal Miami cargo-plane crash involving a 1994-built Boeing 767 operated by 21 Air has increased attention on Boeing aircraft and freighter safety. The investigation is ongoing, and no cause has been established, but additional scrutiny could create reputational or regulatory risk. Boeing 767 Miami runway accident

Boeing Price Performance

Shares of NYSE:BA opened at $206.62 on Thursday. The firm’s 50 day moving average is $219.23 and its two-hundred day moving average is $219.46. 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 firm has a market capitalization of $163.30 billion, a P/E ratio of 89.44 and a beta of 1.21. The Boeing Company has a 52 week low of $176.77 and a 52 week high of $254.35.

Boeing (NYSE:BA) last announced its quarterly earnings results 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 business had revenue of $24.56 billion for the quarter, compared to analyst estimates of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.24) EPS. Analysts anticipate that The Boeing Company will post -0.87 earnings per share for the current year.

About Boeing

The Boeing Company is a global aerospace company that designs, manufactures and services commercial airplanes, military aircraft, satellites, space systems and other aerospace products. Its principal business areas include commercial airplanes, defense and security, and aftermarket services that support aircraft operations throughout their life cycles.

Boeing’s commercial portfolio includes the 737, 767, 777 and 787 families of jetliners, while its defense and space operations provide products and services for the U.S.