NewEdge Advisors LLC Purchases 9,282 Shares of The Boeing Company $BA

NewEdge Advisors LLC boosted its position in The Boeing Company (NYSE:BA) by 2.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 340,198 shares of the aircraft producer’s stock after acquiring an additional 9,282 shares during the period. NewEdge Advisors LLC’s holdings in Boeing were worth $73,643,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Baird Financial Group Inc. lifted its holdings in Boeing by 3.8% during the 2nd quarter. Baird Financial Group Inc. now owns 379,443 shares of the aircraft producer’s stock valued at $82,138,000 after purchasing an additional 14,006 shares during the last quarter. West Family Investments Inc. increased its holdings in shares of Boeing by 3.9% in the second quarter. West Family Investments Inc. now owns 2,679 shares of the aircraft producer’s stock valued at $580,000 after purchasing an additional 101 shares during the last quarter. Waverly Advisors LLC increased its holdings in shares of Boeing by 7.1% in the second quarter. Waverly Advisors LLC now owns 53,304 shares of the aircraft producer’s stock valued at $11,539,000 after purchasing an additional 3,517 shares during the last quarter. Bank OZK bought a new position in shares of Boeing in the second quarter valued at about $286,000. Finally, Empirical Finance LLC raised its position in shares of Boeing by 5.1% in the second quarter. Empirical Finance LLC now owns 20,464 shares of the aircraft producer’s stock valued at $4,430,000 after purchasing an additional 995 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $210.80 on Wednesday. The company has a market cap of $166.61 billion, a price-to-earnings ratio of 91.26 and a beta of 1.21. The Boeing Company has a fifty-two week low of $176.77 and a fifty-two week high of $254.35. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.33 and a current ratio of 1.14. The stock has a fifty day moving average price of $219.48 and a 200-day moving average price of $219.65.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, July 28th. The aircraft producer reported ($0.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.42). The company had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.24) EPS. As a group, equities analysts anticipate that The Boeing Company will post -0.87 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of several research analyst reports. Btg Pactual set a $260.00 target price on shares of Boeing in a report on Tuesday, July 14th. Robert W. Baird set a $300.00 price target on shares of Boeing in a report on Wednesday, July 29th. Wolfe Research downgraded shares of Boeing from an “outperform” rating to a “hold” rating in a research report on Tuesday, August 11th. Royal Bank Of Canada reduced their price objective on Boeing from $275.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, July 29th. Finally, Cantor Fitzgerald downgraded Boeing to a “neutral” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company has an average 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 reported that free cash flow turned positive, an important milestone in its turnaround. Investors will likely focus on whether the improvement can be sustained through higher commercial-aircraft production, better cash conversion and reduced losses in underperforming programs. Boeing’s Free Cash Flow Turned Positive
• Positive Sentiment: Boeing won an $880 million U.S. Navy contract, reinforcing the strength of its defense business and supporting future revenue visibility. A disclosure that President Trump’s team bought BA shares on the same day added attention, although it does not change the contract’s financial impact. President Trump Bought BA Stock
• Neutral Sentiment: Boeing delivered 51 aircraft in August, broadly maintaining a high delivery pace but trailing July’s total and the 57 jets delivered a year earlier. The comparison highlights that the recovery remains uneven. Boeing August Deliveries Dip
• Negative Sentiment: The August delivery shortfall was driven particularly by fewer 787 Dreamliner handovers. Slower deliveries can delay customer payments and cash generation while keeping attention on Boeing’s production execution and supply-chain challenges. Boeing’s August Jet Deliveries Slip
• Negative Sentiment: Five people died after an Amazon cargo aircraft operated by 21 Air overshot a runway at Miami International Airport. The aircraft was a 1994-built Boeing 767 converted to a freighter; investigators’ findings could create additional reputational or regulatory concerns, although the incident does not currently establish a Boeing manufacturing fault. Everything to Know About the Boeing Jet That Overshot a Miami Runway

Boeing Profile

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.