Boeing Co (BA) Holdings Raised by Lakeview Capital Partners LLC

Lakeview Capital Partners LLC boosted its holdings in shares of Boeing Co (NYSE:BA) by 22.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,341 shares of the aircraft producer’s stock after purchasing an additional 244 shares during the period. Lakeview Capital Partners LLC’s holdings in Boeing were worth $432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BA. Howe & Rusling Inc. increased its holdings in shares of Boeing by 1.3% during the fourth quarter. Howe & Rusling Inc. now owns 2,416 shares of the aircraft producer’s stock worth $779,000 after buying an additional 31 shares in the last quarter. Spectrum Management Group Inc. increased its holdings in shares of Boeing by 0.3% during the fourth quarter. Spectrum Management Group Inc. now owns 13,140 shares of the aircraft producer’s stock worth $4,238,000 after buying an additional 33 shares in the last quarter. Nikulski Financial Inc. increased its holdings in shares of Boeing by 1.3% during the fourth quarter. Nikulski Financial Inc. now owns 2,644 shares of the aircraft producer’s stock worth $853,000 after buying an additional 34 shares in the last quarter. Kanawha Capital Management LLC increased its holdings in shares of Boeing by 5.1% during the fourth quarter. Kanawha Capital Management LLC now owns 727 shares of the aircraft producer’s stock worth $234,000 after buying an additional 35 shares in the last quarter. Finally, Hartford Financial Management Inc. increased its holdings in shares of Boeing by 0.6% during the fourth quarter. Hartford Financial Management Inc. now owns 6,134 shares of the aircraft producer’s stock worth $1,978,000 after buying an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 69.76% of the company’s stock.

A number of research firms recently weighed in on BA. UBS Group restated a “buy” rating and issued a $525.00 price objective (up from $500.00) on shares of Boeing in a report on Thursday, February 28th. Morgan Stanley increased their price objective on Boeing from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. Argus increased their price objective on Boeing from $420.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. increased their price objective on Boeing to $450.00 and gave the company an “overweight” rating in a report on Monday, February 11th. Finally, Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have given a buy rating to the company. Boeing has an average rating of “Hold” and an average target price of $411.47.

Shares of Boeing stock opened at $381.72 on Wednesday. The company has a debt-to-equity ratio of 25.99, a current ratio of 1.08 and a quick ratio of 0.31. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01. The stock has a market cap of $211.94 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.52 by $0.96. Boeing had a negative return on equity of 4,286.60% and a net margin of 10.34%. The firm had revenue of $28.34 billion during the quarter, compared to the consensus estimate of $26.76 billion. During the same period last year, the business posted $3.04 EPS. The business’s revenue was up 14.4% compared to the same quarter last year. On average, sell-side analysts forecast that Boeing Co will post 17.07 earnings per share for the current year.

In other news, SVP Theodore Colbert III sold 2,137 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $408.85, for a total transaction of $873,712.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Gregory D. Smith sold 19,500 shares of the stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $401.38, for a total transaction of $7,826,910.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,247 shares of company stock valued at $28,922,977. Company insiders own 0.23% of the company’s stock.

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About Boeing

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.

Further Reading: Special Dividends

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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