Robertson Stephens Wealth Management LLC Purchases 2,785 Shares of The Boeing Company $BA

Robertson Stephens Wealth Management LLC raised its position in shares of The Boeing Company (NYSE:BA) by 16.3% in the third quarter, Holdings Channel reports. The firm owned 19,844 shares of the aircraft producer’s stock after acquiring an additional 2,785 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Boeing were worth $3,692,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. B.O.S.S. Retirement Advisors LLC grew its holdings in shares of Boeing by 1.4% during 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 buying an additional 44 shares during the last quarter. Horizon Bancorp Inc. IN increased its position in shares of Boeing by 3.1% during the first quarter. Horizon Bancorp Inc. IN now owns 1,493 shares of the aircraft producer’s stock valued at $297,000 after acquiring an additional 45 shares in the last quarter. Meadowbrook Advisors Group LLC increased its position in shares of Boeing by 2.5% during the first quarter. Meadowbrook Advisors Group LLC now owns 1,955 shares of the aircraft producer’s stock valued at $389,000 after acquiring an additional 47 shares in the last quarter. Howe & Rusling Inc. increased its position in shares of Boeing by 2.5% during the first quarter. Howe & Rusling Inc. now owns 2,024 shares of the aircraft producer’s stock valued at $403,000 after acquiring an additional 49 shares in the last quarter. Finally, Paul R. Ried Financial Group LLC increased its position in shares of Boeing by 0.3% during the first quarter. Paul R. Ried Financial Group LLC now owns 18,060 shares of the aircraft producer’s stock valued at $3,594,000 after acquiring an additional 49 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Boeing is reportedly in discussions with Cathay Pacific over a potential order for as many as 50 wide-body aircraft. Although Cathay is also considering Airbus, a win would strengthen Boeing’s backlog and support future production and deliveries. Boeing Heads Into Talks Over Up To 50 Wide Body Jets
• Positive Sentiment: Southwest Airlines is reportedly considering another Boeing purchase, adding to recent commercial-aircraft deal momentum and potentially supporting Boeing’s order pipeline. Boeing Stock Gains as Southwest Considers Buy
• Positive Sentiment: Boeing averted a possible engineers’ strike after new contracts were signed, reducing a near-term operational disruption risk. Boeing Strike Deadline and New Contracts
• Positive Sentiment: Barclays maintained an optimistic outlook, with a $300 price target implying substantial upside and citing Boeing’s improving revenue trajectory. Barclays Sees Upside in Boeing Stock
• Neutral Sentiment: Board members with deeper aviation expertise could help Boeing shape its next-generation aircraft strategy, though the benefit is longer term. Boeing’s Boardroom Strategy
• Negative Sentiment: Chief Sales Officer Ihssane Mounir McMullen plans to retire, creating a leadership transition in a critical commercial-sales role. Boeing Sales Chief to Retire
• Negative Sentiment: Morgan Stanley cut its price target from $250 to $225, while retaining a Buy rating. RBC also reduced its target from $265 to $235, citing defense-budget uncertainty. Morgan Stanley Boeing Price Target
• Negative Sentiment: A separate risk-reward assessment assigned Boeing a low score and a Sell rating, underscoring valuation, balance-sheet and execution concerns. Boeing Risk-Reward Assessment

Boeing Stock Performance

Shares of NYSE BA opened at $189.98 on Friday. The firm has a 50 day moving average of $204.93 and a 200 day moving average of $215.57. 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 $150.16 billion, a price-to-earnings ratio of 82.24 and a beta of 1.26. 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 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). 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 prior year, the company posted ($1.24) earnings per share. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. On average, research analysts anticipate that The Boeing Company will post -0.96 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on BA. Royal Bank Of Canada decreased their price objective on shares of Boeing from $265.00 to $235.00 and set an “outperform” rating for the company in a report on Thursday. Barclays started coverage on Boeing in a report on Friday, October 9th. They set an “overweight” rating and a $300.00 price target on the stock. Btg Pactual set a $260.00 price objective on Boeing in a research report on Tuesday, July 14th. William Blair reissued an “outperform” rating on shares of Boeing in a report on Wednesday, September 30th. Finally, Bank of America reissued a “buy” rating and issued a $270.00 target price on shares of Boeing in a research report on Friday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $266.96.

Boeing Company Profile

The Boeing Company (NYSE: BA) is a global aerospace company that designs, manufactures and supports commercial airplanes, military aircraft, satellites, space systems and related products and services. Its offerings serve airlines, government agencies, defense organizations and other customers worldwide.

Boeing operates through three principal business areas: Commercial Airplanes, which develops and produces passenger and cargo aircraft; Defense, Space & Security, which provides military aircraft, weapons systems, satellites and space-related platforms; and Global Services, which offers parts, maintenance, training, engineering and other lifecycle support.

Founded in 1916 by William Boeing, the company has grown into one of the world’s major aerospace manufacturers.