First Personal Financial Services Grows Position in Boeing (NYSE:BA)

First Personal Financial Services grew its position in shares of Boeing (NYSE:BA) by 30.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,921 shares of the aircraft producer’s stock after acquiring an additional 682 shares during the quarter. First Personal Financial Services’ holdings in Boeing were worth $862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Buffington Mohr McNeal bought a new stake in shares of Boeing during the fourth quarter worth $206,000. St. Louis Trust Co purchased a new position in shares of Boeing during the fourth quarter valued at $472,000. Harvest Fund Management Co. Ltd increased its stake in shares of Boeing by 31.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,387 shares of the aircraft producer’s stock valued at $409,000 after buying an additional 335 shares during the period. Brick & Kyle Associates purchased a new position in shares of Boeing during the fourth quarter valued at $229,000. Finally, Harbour Capital Advisors LLC increased 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 buying an additional 226 shares during the period. Hedge funds and other institutional investors own 70.76% of the company’s stock.

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Shares of Boeing stock traded down $10.28 on Friday, reaching $326.12. The company’s stock had a trading volume of 5,713,613 shares, compared to its average volume of 6,096,282. The stock has a market capitalization of $191,918.36, a PE ratio of 27.09, a price-to-earnings-growth ratio of 1.69 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 debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company had revenue of $25.37 billion during the quarter, compared to analysts’ expectations of $24.78 billion. During the same period in the prior year, the business earned $2.47 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts anticipate that Boeing will post 14.05 EPS for the current fiscal year.

Boeing announced that its Board of Directors has authorized a stock buyback program on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

In related news, CFO Gregory D. Smith sold 36,079 shares of the 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 hyperlink. 0.24% of the stock is currently owned by corporate insiders.

BA has been the topic of several research reports. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $288.75 price target for the company in a report on Monday, December 11th. Wells Fargo reissued a “market perform” rating and issued a $290.00 price target (up previously from $270.00) on shares of Boeing in a report on Tuesday, December 12th. Bank of America set a $320.00 target price on Boeing and gave the stock a “buy” rating in a report on Tuesday, December 12th. JPMorgan Chase set a $325.00 target price on Boeing and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Cowen reaffirmed a “buy” rating and set a $320.00 target price on shares of Boeing in a report on Monday, December 11th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Boeing currently has a consensus rating of “Buy” and a consensus target price of $365.19.

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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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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