Pratt Collard Advisory Partners LLC acquired a new stake in shares of Boeing Co (NYSE:BA) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,400 shares of the aircraft producer’s stock, valued at approximately $1,003,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Stonehearth Capital Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth approximately $105,000. Solaris Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth approximately $111,000. Lipe & Dalton acquired a new stake in shares of Boeing during the third quarter worth approximately $100,000. Burt Wealth Advisors acquired a new stake in shares of Boeing during the third quarter worth approximately $100,000. Finally, Cerebellum GP LLC acquired a new stake in shares of Boeing during the fourth quarter worth approximately $128,000. Institutional investors own 76.55% of the company’s stock.
In other news, CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.28% of the company’s stock.
A number of analysts have recently weighed in on the stock. Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 price target for the company. in a research report on Thursday, March 8th. Morgan Stanley reissued an “equal weight” rating and set a $373.00 price target (up previously from $340.00) on shares of Boeing in a research report on Friday, February 23rd. Edward Jones raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Buckingham Research set a $289.00 price target on shares of Boeing and gave the stock a “hold” rating in a research report on Thursday, February 8th. Finally, Berenberg Bank set a $415.00 price target on shares of Boeing and gave the stock a “buy” rating in a research report on Monday, February 5th. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Boeing has a consensus rating of “Buy” and an average target price of $358.47.
Boeing Co (NYSE:BA) opened at $338.67 on Wednesday. Boeing Co has a 1-year low of $173.75 and a 1-year high of $371.60. The stock has a market cap of $202,552.47, a price-to-earnings ratio of 28.49, a PEG ratio of 1.78 and a beta of 1.37. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The company had revenue of $25.37 billion during the quarter, compared to the consensus estimate of $24.78 billion. During the same quarter in the previous year, the company posted $2.47 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. sell-side analysts expect that Boeing Co will post 14.05 EPS for the current year.
Boeing declared that its Board of Directors has initiated a stock repurchase plan on Monday, December 11th that permits the company to buyback $18.00 billion in shares. This buyback authorization permits the aircraft producer to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.
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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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