St. Louis Trust Co acquired a new stake in Boeing Co (NYSE:BA) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,600 shares of the aircraft producer’s stock, valued at approximately $472,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Boeing by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock worth $7,991,613,000 after acquiring an additional 407,511 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Boeing by 20.3% in the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after acquiring an additional 1,160,859 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of 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 worth $972,919,000 after acquiring an additional 4,852,679 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Boeing by 13.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock worth $870,618,000 after acquiring an additional 402,240 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Boeing by 3.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock worth $965,756,000 after acquiring an additional 122,278 shares in the last quarter. 76.55% of the stock is currently owned by institutional investors and hedge funds.
BA has been the topic of several recent analyst reports. Buckingham Research reissued a “hold” rating and issued a $203.00 target price on shares of Boeing in a report on Friday, December 22nd. Jefferies Group reissued a “buy” rating and issued a $339.00 target price on shares of Boeing in a report on Monday, January 8th. Credit Suisse Group reissued an “outperform” rating and issued a $375.00 target price (up from $310.00) on shares of Boeing in a report on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley reissued an “equal weight” rating and issued a $373.00 target price (up from $340.00) on shares of Boeing in a report on Friday, February 23rd. Finally, Vetr downgraded Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 target price on the stock. in a report on Thursday, March 8th. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $358.47.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the company’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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.28% of the company’s stock.
Shares of Boeing Co (NYSE:BA) opened at $330.47 on Friday. The company has a market cap of $194,190.03, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Boeing Co has a 1 year low of $173.75 and a 1 year high of $371.60. 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 issued its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, beating the consensus estimate of $2.91 by $1.89. The company 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 business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.47 EPS. equities research analysts forecast that Boeing Co will post 14.05 earnings per share for the current fiscal year.
Boeing announced that its Board of Directors has approved a stock repurchase plan on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign 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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