Boeing (BA) Shares Sold by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. reduced its stake in Boeing (NYSE:BA) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,467 shares of the aircraft producer’s stock after selling 1,448 shares during the period. Boeing makes up approximately 1.0% of Sigma Investment Counselors Inc.’s portfolio, making the stock its 18th biggest position. Sigma Investment Counselors Inc.’s holdings in Boeing were worth $7,216,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of BA. Janus Henderson Group PLC grew its position in Boeing by 7,215.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after acquiring an additional 4,852,679 shares in the last quarter. Jennison Associates LLC grew its position in Boeing by 20.3% in the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after acquiring an additional 1,160,859 shares in the last quarter. Koch Industries Inc. grew its position in Boeing by 61,128.7% in the 2nd quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock valued at $846,000 after acquiring an additional 848,467 shares in the last quarter. Stifel Financial Corp grew its position in Boeing by 19,958.0% in the 3rd quarter. Stifel Financial Corp now owns 833,410 shares of the aircraft producer’s stock valued at $212,108,000 after acquiring an additional 829,255 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its position in Boeing by 28,537.7% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 782,669 shares of the aircraft producer’s stock valued at $198,962,000 after acquiring an additional 779,936 shares in the last quarter. Hedge funds and other institutional investors own 70.84% of the company’s stock.

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Shares of BA opened at $341.00 on Thursday. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. The company has a market capitalization of $198,156.45, a P/E ratio of 27.87, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. Boeing has a 52-week low of $175.47 and a 52-week high of $371.60.

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 Zacks’ consensus estimate of $2.91 by $1.89. The firm had revenue of $25.37 billion during the quarter, compared to the consensus estimate of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.47 earnings per share. sell-side analysts predict that Boeing will post 14.05 EPS for the current fiscal year.

In related news, CFO Gregory D. Smith sold 36,079 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.24% of the company’s stock.

Several equities analysts have weighed in on the company. Bank of America reaffirmed a “buy” rating and issued a $470.00 target price (up from $395.00) on shares of Boeing in a research report on Thursday, February 1st. Canaccord Genuity lifted their target price on Boeing from $290.00 to $345.00 and gave the company a “hold” rating in a research report on Thursday, February 1st. Societe Generale set a $373.00 target price on Boeing and gave the company a “neutral” rating in a research report on Thursday, February 1st. Credit Suisse Group set a $443.00 target price on Boeing and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, Sanford C. Bernstein lifted their target price on Boeing from $402.00 to $422.00 in a research report on Friday, February 2nd. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $365.55.

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Boeing Company Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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