Squar Milner Financial Services LLC bought a new stake in Boeing (NYSE:BA) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,998 shares of the aircraft producer’s stock, valued at approximately $681,000.
Other large investors have also recently bought and sold shares of the company. Lourd Capital LLC grew its stake in Boeing by 56.4% in the 4th quarter. Lourd Capital LLC now owns 2,650 shares of the aircraft producer’s stock valued at $782,000 after buying an additional 956 shares during the last quarter. Strs Ohio grew its position in Boeing by 5.4% in the 4th quarter. Strs Ohio now owns 545,519 shares of the aircraft producer’s stock worth $160,879,000 after purchasing an additional 27,956 shares during the last quarter. Harbour Capital Advisors LLC grew its position in Boeing by 3.8% in the 4th quarter. Harbour Capital Advisors LLC now owns 6,117 shares of the aircraft producer’s stock worth $1,804,000 after purchasing an additional 226 shares during the last quarter. Korea Investment CORP grew its position in Boeing by 21.9% in the 3rd quarter. Korea Investment CORP now owns 429,080 shares of the aircraft producer’s stock worth $109,076,000 after purchasing an additional 77,200 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Boeing in the 3rd quarter worth $2,801,000. Institutional investors and hedge funds own 70.84% of the company’s stock.
In related news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction dated 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 can be accessed through this link. Company insiders own 0.24% of the company’s stock.
Several analysts have issued reports on the stock. Vetr lowered shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price target on the stock. in a research report on Tuesday, April 10th. Royal Bank of Canada restated a “hold” rating and issued a $358.00 price target (down from $378.00) on shares of Boeing in a research report on Friday, April 6th. JPMorgan Chase restated a “buy” rating and issued a $400.00 price target on shares of Boeing in a research report on Friday, April 13th. Societe Generale set a $373.00 price target on shares of Boeing and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Finally, Morgan Stanley raised their price target on shares of Boeing from $373.00 to $400.00 and gave the stock a “hold” rating in a research report on Monday, April 16th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Boeing has an average rating of “Buy” and a consensus target price of $365.55.
NYSE:BA opened at $338.67 on Friday. The stock has a market cap of $200,463.34, a PE ratio of 28.13, a price-to-earnings-growth ratio of 1.76 and a beta of 1.39. Boeing has a 52 week low of $175.47 and a 52 week 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.
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 firm had revenue of $25.37 billion during the quarter, compared to the consensus estimate of $24.78 billion. During the same period last year, the firm posted $2.47 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts expect that Boeing will post 14.05 EPS for the current year.
TRADEMARK VIOLATION WARNING: This report was first posted by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.thelincolnianonline.com/2018/04/22/squar-milner-financial-services-llc-buys-shares-of-1998-boeing-ba.html.
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.
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing (NYSE:BA).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.