CreativeOne Wealth LLC significantly increased its investment in The Boeing Company (NYSE:BA) by 27.5% in the second quarter, as per its latest disclosure with the SEC. The institutional investor now holds 7,765 shares after acquiring an additional 1,675 shares during this period, valued at approximately $1.627 million.
Several large investors have adjusted their stakes in Boeing recently. Harbor Asset Planning Inc. purchased a new stake worth around $25,000 during the same quarter. Piscataqua Savings Bank raised its holdings by an impressive 1,712.5%, bringing its total to 145 shares valued at $30,000 after adding 137 shares. Monetary Management Group Inc. also increased its position by 33.3%, holding 200 shares worth $34,000 after buying 50 more shares. Decker Retirement Planning Inc. invested $35,000 in a new position within the second quarter, while IMG Wealth Management Inc. significantly boosted its stake by 159.4%, acquiring 110 shares to reach a total of 179 shares valued at $38,000. Overall, institutional investors own 64.82% of Boeing’s stock.
Boeing’s stock opened at $186.90 on Thursday, with a reported one-year low of $128.88 and a high of $242.69. The company has a market capitalization of $142.06 billion, and its recent earnings report showcased a challenging financial period. For the quarter ending October 29, Boeing reported earnings per share of ($7.47), falling short of analysts’ consensus estimates of ($0.51), although revenue exceeded expectations at $23.27 billion, marking a 30.4% increase year-over-year.
In insider trading news, Senior Vice President Dana S. Deasy purchased 554 shares at an average price of $178.88, increasing his holdings to 28,442 shares valued at over $5 million. Conversely, EVP Uma M. Amuluru sold 1,366 shares at an average price of $197.66, reducing her ownership in the company.
Analyst ratings for Boeing exhibit a mixed outlook. While Royal Bank of Canada maintained an “outperform” rating with a target price of $250.00, Deutsche Bank downgraded Boeing from “buy” to “hold,” setting a target of $240.00. Despite differing opinions, three analysts have rated the stock as a Strong Buy, while fifteen have assigned it a Buy rating, resulting in an overall average rating of “Moderate Buy” with a target price of $232.09.
Boeing continues to navigate a dynamic market, balancing investor interest and analyst scrutiny. As it works through its financial challenges, recent revenue growth and institutional backing may offer a foundation for future recovery and performance improvements.