Boeing (BA) Shares Bought by Wilbanks Smith & Thomas Asset Management LLC

Wilbanks Smith & Thomas Asset Management LLC increased its stake in Boeing (NYSE:BA) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,805 shares of the aircraft producer’s stock after purchasing an additional 158 shares during the quarter. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Boeing were worth $6,136,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. High Falls Advisors Inc increased its holdings in Boeing by 0.3% during the 2nd quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after acquiring an additional 11 shares in the last quarter. Arcus Capital Partners LLC increased its holdings in Boeing by 0.7% during the 2nd quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after acquiring an additional 12 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Boeing by 2.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,670 shares of the aircraft producer’s stock valued at $284,000 after acquiring an additional 45 shares in the last quarter. North Star Asset Management Inc. increased its holdings in Boeing by 0.7% during the 2nd quarter. North Star Asset Management Inc. now owns 7,585 shares of the aircraft producer’s stock valued at $1,500,000 after acquiring an additional 50 shares in the last quarter. Finally, Ropes Wealth Advisors LLC increased its holdings in Boeing by 0.7% during the 2nd quarter. Ropes Wealth Advisors LLC now owns 8,493 shares of the aircraft producer’s stock valued at $1,679,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 70.84% of the company’s stock.

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BA has been the topic of several analyst reports. Vetr cut 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 note on Tuesday, April 10th. Berenberg Bank set a $395.00 price target on shares of Boeing and gave the stock 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 from $330.00) on shares of Boeing in a research note on Thursday, February 1st. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $364.47.

BA opened at $329.28 on Monday. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16. Boeing has a 1 year low of $175.47 and a 1 year high of $371.60. The company has a market capitalization of $193,778.08, a P/E ratio of 27.35, a P/E/G ratio of 1.70 and a beta of 1.40.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $1.89. The business had revenue of $25.37 billion for 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 company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $2.47 earnings per share. equities research analysts anticipate that Boeing will post 14.05 EPS for the current year.

In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction that occurred 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 SEC, which can be accessed through the SEC website. Insiders own 0.24% 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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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