Capital Investment Advisors LLC lowered its stake in shares of Boeing Co (NYSE:BA) by 8.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,050 shares of the aircraft producer’s stock after selling 2,712 shares during the quarter. Capital Investment Advisors LLC’s holdings in Boeing were worth $8,862,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of the stock. Beach Investment Management LLC. acquired a new stake in shares of Boeing in the 2nd quarter valued at about $429,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Boeing by 2.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,877 shares of the aircraft producer’s stock worth $2,152,000 after buying an additional 190 shares in the last quarter. Canandaigua National Bank & Trust Co. lifted its position in shares of Boeing by 1.1% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 9,095 shares of the aircraft producer’s stock worth $1,799,000 after buying an additional 95 shares in the last quarter. Financial Advisory Group raised its holdings in shares of Boeing by 4.1% in the 2nd quarter. Financial Advisory Group now owns 5,062 shares of the aircraft producer’s stock worth $1,001,000 after purchasing an additional 200 shares during the period. Finally, Family Firm Inc. raised its holdings in shares of Boeing by 24.2% in the 2nd quarter. Family Firm Inc. now owns 2,047 shares of the aircraft producer’s stock worth $405,000 after purchasing an additional 399 shares during the period. 76.55% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on BA shares. Royal Bank of Canada set a $290.00 target price on shares of Boeing and gave the company a “hold” rating in a report on Wednesday, November 15th. Jefferies Group upped their target price on shares of Boeing from $300.00 to $312.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Vetr lowered shares of Boeing from a “hold” rating to a “sell” rating and set a $263.71 target price for the company. in a research report on Friday, December 1st. ValuEngine lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of Boeing in a research note on Tuesday, December 12th. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Boeing currently has an average rating of “Buy” and a consensus price target of $358.47.
In other news, CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by insiders.
Shares of Boeing Co (BA) traded down $8.98 during trading hours on Wednesday, hitting $329.69. 10,875,863 shares of the company’s stock were exchanged, compared to its average volume of 6,118,527. Boeing Co has a 1-year low of $173.75 and a 1-year high of $371.60. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. The stock has a market cap of $192,820.00, a PE ratio of 28.15, a P/E/G ratio of 1.78 and a beta of 1.37.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $1.89. The firm had revenue of $25.37 billion during the quarter, compared to analysts’ expectations of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.47 EPS. equities research analysts forecast that Boeing Co will post 14.05 earnings per share for the current year.
Boeing announced that its board has authorized a stock repurchase program on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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