13,742 The Boeing Company $BA Shares Sold by Welch Financial Planning LLC

Welch Financial Planning LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 23.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 45,182 shares of the aircraft producer’s stock after selling 13,742 shares during the period. Boeing makes up about 4.7% of Welch Financial Planning LLC’s portfolio, making the stock its 7th biggest holding. Welch Financial Planning LLC’s holdings in Boeing were worth $8,406,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Jupiter Topco LLC purchased a new position in Boeing in the second quarter valued at about $911,878,000. Bank of New York Mellon Corp acquired a new position in shares of Boeing during the second quarter worth about $747,763,000. Legal & General Group Plc purchased a new stake in shares of Boeing in the second quarter worth about $710,816,000. Deutsche Bank AG purchased a new stake in shares of Boeing in the second quarter worth about $539,456,000. Finally, Swiss National Bank boosted its position in shares of Boeing by 7.6% in the first quarter. Swiss National Bank now owns 2,298,077 shares of the aircraft producer’s stock worth $457,386,000 after buying an additional 163,000 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BA. JPMorgan Chase & Co. lowered their target price on Boeing from $290.00 to $240.00 and set an “overweight” rating for the company in a research note on Wednesday, October 28th. Piper Sandler lowered Boeing from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 28th. Deutsche Bank upped their price target on Boeing from $244.00 to $248.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. Morgan Stanley decreased their price target on Boeing from $225.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, October 28th. Finally, DZ Bank reaffirmed a “buy” rating on shares of Boeing in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.88.

Trending Headlines about Boeing

Here are a few of the latest headlines about BA:

• Positive Sentiment: Boeing is targeting $10 billion in free cash flow by 2029. One analysis says achieving production and certification milestones could support substantial share-price gains, though this depends on successful execution. Article: $500 Invested in Boeing Today Could Be Worth This Much in 3 Years
• Positive Sentiment: Boeing’s record backlog and major defense wins provide demand support, even as production and delivery challenges remain.
• Neutral Sentiment: EVP David Raymond sold 2,994 shares for about $524,000, reducing his holdings by 7.22%; he retained 38,456 shares. The transaction may draw attention but is relatively limited in scale. SEC filing

Boeing Trading Down 1.7%

NYSE:BA opened at $171.53 on Friday. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.34 and a current ratio of 1.13. The Boeing Company has a one year low of $165.01 and a one year high of $254.35. The business’s 50-day simple moving average is $189.59 and its 200 day simple moving average is $213.86. The stock has a market cap of $135.93 billion, a price-to-earnings ratio of 18.66 and a beta of 1.34.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, October 27th. The aircraft producer reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.09). Boeing had a net margin of 7.98% and a negative return on equity of 42.40%. The business had revenue of $24.19 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same quarter last year, the business earned ($7.47) EPS. Boeing’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -1.84 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP David Raymond sold 2,994 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $174.91, for a total transaction of $523,680.54. Following the completion of the sale, the executive vice president owned 38,456 shares of the company’s stock, valued at approximately $6,726,338.96. This trade represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Steven Mollenkopf purchased 2,950 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was bought at an average price of $173.03 per share, with a total value of $510,438.50. Following the purchase, the director owned 6,717 shares of the company’s stock, valued at approximately $1,162,242.51. The trade was a 78.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.10% of the company’s stock.

Boeing Profile

The Boeing Company is an aerospace manufacturer that designs, builds and supports commercial airplanes, defense products and space systems. Its commercial aircraft include the 737, 767, 777 and 787 families, which serve passenger and cargo operators around the world. Boeing’s defense, space and security business supplies military aircraft, helicopters, weapons, satellites and related systems, as well as services for government customers. Its Boeing Global Services business provides support such as maintenance, parts, training and logistics for commercial and government customers.