Trust Co. of Toledo NA OH decreased its position in shares of Boeing (NYSE:BA) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,602 shares of the aircraft producer’s stock after selling 381 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in Boeing were worth $1,357,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in BA. Lourd Capital LLC grew its position in shares of Boeing by 56.4% during the 4th quarter. Lourd Capital LLC now owns 2,650 shares of the aircraft producer’s stock worth $782,000 after buying an additional 956 shares during the period. Strs Ohio grew its position in shares of Boeing by 5.4% during the 4th quarter. Strs Ohio now owns 545,519 shares of the aircraft producer’s stock worth $160,879,000 after buying an additional 27,956 shares during the period. Harbour Capital Advisors LLC grew its position in shares of Boeing by 3.8% during the 4th quarter. Harbour Capital Advisors LLC now owns 6,117 shares of the aircraft producer’s stock worth $1,804,000 after buying an additional 226 shares during the period. Korea Investment CORP grew its position in shares of Boeing by 21.9% during the 3rd quarter. Korea Investment CORP now owns 429,080 shares of the aircraft producer’s stock worth $109,076,000 after buying an additional 77,200 shares during the period. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Boeing during the 3rd quarter worth approximately $2,801,000. Hedge funds and other institutional investors own 70.84% of the company’s stock.
Shares of NYSE:BA opened at $341.00 on Thursday. 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 $175.47 and a 1-year high of $371.60. The firm has a market cap of $198,156.45, a price-to-earnings ratio of 27.87, a P/E/G ratio of 1.74 and a beta of 1.39.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating the 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 business had revenue of $25.37 billion for the quarter, compared to analysts’ expectations of $24.78 billion. During the same period last year, the business earned $2.47 EPS. The business’s revenue was up 8.9% on a year-over-year basis. sell-side analysts forecast that Boeing will post 14.05 earnings per share for the current year.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was 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 is available through the SEC website. 0.24% of the stock is currently owned by company insiders.
Several analysts have recently commented on the stock. Bank of America reaffirmed a “buy” rating and set a $470.00 price objective (up previously from $395.00) on shares of Boeing in a research report on Thursday, February 1st. Canaccord Genuity raised their price objective on shares of Boeing from $290.00 to $345.00 and gave the stock a “hold” rating in a research report on Thursday, February 1st. Societe Generale set a $373.00 price objective on shares of Boeing and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Credit Suisse Group set a $443.00 price objective on shares of Boeing and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Sanford C. Bernstein lifted their price target on shares of Boeing from $402.00 to $422.00 in a research report on Friday, February 2nd. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $365.55.
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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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