Pegasus Partners Ltd. lowered its stake in Boeing (NYSE:BA) by 18.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,000 shares of the aircraft producer’s stock after selling 232 shares during the quarter. Pegasus Partners Ltd.’s holdings in Boeing were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in Boeing by 7,215.0% during the second 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 during the period. Jennison Associates LLC grew its holdings in Boeing by 20.3% during the third 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 during the period. Koch Industries Inc. grew its holdings in Boeing by 61,128.7% during the second quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after acquiring an additional 848,467 shares during the period. Stifel Financial Corp grew its holdings in Boeing by 19,958.0% during the third quarter. Stifel Financial Corp now owns 833,410 shares of the aircraft producer’s stock worth $212,108,000 after acquiring an additional 829,255 shares during the period. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in Boeing by 28,537.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 782,669 shares of the aircraft producer’s stock worth $198,962,000 after acquiring an additional 779,936 shares during the period. 70.84% of the stock is currently owned by institutional investors and hedge funds.
BA has been the topic of a number of recent analyst reports. Morgan Stanley set a $373.00 price objective on Boeing and gave the stock a “hold” rating in a report on Thursday, March 22nd. Buckingham Research set a $289.00 target price on Boeing and gave the company a “hold” rating in a report on Thursday, February 8th. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $330.00 target price on the stock in a report on Tuesday, January 2nd. Canaccord Genuity reissued a “hold” rating and issued a $345.00 target price (up previously from $290.00) on shares of Boeing in a report on Thursday, February 1st. Finally, Royal Bank of Canada restated a “hold” rating and issued a $358.00 price objective (down from $378.00) on shares of Boeing in a research report on Friday, April 6th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $365.55.
NYSE BA opened at $336.72 on Wednesday. Boeing has a twelve month low of $175.47 and a twelve month high of $371.60. The stock has a market cap of $193,778.08, a P/E ratio of 27.97, a price-to-earnings-growth ratio of 1.70 and a beta of 1.40. 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 released its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, topping 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 firm had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. During the same period in the prior year, the business posted $2.47 earnings per share. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. equities analysts anticipate that Boeing will post 14.05 EPS for the current year.
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 value of $12,174,136.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.24% of the company’s stock.
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Boeing Company Profile
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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