Advisor Partners LLC lifted its holdings in shares of Boeing (NYSE:BA) by 6.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,276 shares of the aircraft producer’s stock after purchasing an additional 776 shares during the period. Boeing accounts for about 0.7% of Advisor Partners LLC’s portfolio, making the stock its 26th largest position. Advisor Partners LLC’s holdings in Boeing were worth $4,146,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in BA. Sciencast Management LP acquired a new position in shares of Boeing during the second quarter valued at $801,000. Strs Ohio lifted its stake in shares of Boeing by 5.4% during the fourth quarter. Strs Ohio now owns 545,519 shares of the aircraft producer’s stock valued at $160,879,000 after acquiring an additional 27,956 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Boeing by 3.8% during the fourth quarter. Harbour Capital Advisors LLC now owns 6,117 shares of the aircraft producer’s stock valued at $1,804,000 after acquiring an additional 226 shares during the period. Korea Investment CORP lifted its stake in shares of Boeing by 21.9% during the third quarter. Korea Investment CORP now owns 429,080 shares of the aircraft producer’s stock valued at $109,076,000 after acquiring an additional 77,200 shares during the period. Finally, Lourd Capital LLC lifted its stake in shares of Boeing by 56.4% during the fourth quarter. Lourd Capital LLC now owns 2,650 shares of the aircraft producer’s stock valued at $782,000 after acquiring an additional 956 shares during the period. Institutional investors own 70.75% of the company’s stock.
Several equities analysts have recently issued reports on the company. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $288.75 price target on the stock in a research note on Monday, December 11th. Berenberg Bank set a $395.00 price target on Boeing and gave the company a “buy” rating in a research note on Monday, January 29th. Buckingham Research reaffirmed a “hold” rating and set a $203.00 price target on shares of Boeing in a research note on Friday, December 22nd. Jefferies Group reaffirmed a “buy” rating and set a $339.00 price target on shares of Boeing in a research note on Monday, January 8th. Finally, Wells Fargo reaffirmed a “market perform” rating and set a $365.00 price target (up previously from $330.00) on shares of Boeing in a research note on Thursday, February 1st. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $358.47.
Shares of Boeing (NYSE:BA) opened at $331.76 on Tuesday. The company has a market capitalization of $194,478.39, a PE ratio of 24.63, a PEG ratio of 1.71 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 has a 1 year low of $173.75 and a 1 year high of $371.60.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping the Zacks’ consensus estimate of $2.91 by $1.89. The company had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. Boeing’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.47 earnings per share. research analysts forecast that Boeing will post 14.05 EPS for the current year.
Boeing announced that its board has approved a share buyback program on Monday, December 11th that allows the company to buyback $18.00 billion in outstanding shares. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
In other news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.28% of the company’s stock.
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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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