Boeing Sees Major Investment from Allworth Financial LP Amidst Mixed Earnings

Allworth Financial LP has made a significant investment in The Boeing Company by purchasing 42,666 shares of its stock, valued at approximately $9.24 million.

This is not an isolated move; other hedge funds have also been buying into Boeing's stock during the same period. Measured Wealth Private Client Group LLC and Strive Financial Group LLC, for example, each purchased new stakes in the company worth $25,000 and $25,000 respectively.

Boeing's current financial situation is mixed. The aircraft producer reported a loss of $0.76 per share in its most recent quarterly earnings, missing analyst estimates by $0.42. However, revenue was up 8% compared to the same period last year, reaching $24.56 billion.