Hunter Associates Investment Management LLC boosted its stake in shares of Boeing Co (NYSE:BA) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,230 shares of the aircraft producer’s stock after acquiring an additional 166 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in Boeing were worth $397,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its stake in shares of Boeing by 21,969.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock worth $125,000 after acquiring an additional 40,145,567 shares during the last quarter. Newport Trust Co boosted its stake in shares of Boeing by 4.2% in the fourth quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock worth $10,801,254,000 after acquiring an additional 1,363,909 shares during the last quarter. FMR LLC boosted its stake in shares of Boeing by 15.1% in the third quarter. FMR LLC now owns 8,535,249 shares of the aircraft producer’s stock worth $3,174,259,000 after acquiring an additional 1,119,587 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Boeing by 3.2% in the fourth quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock worth $2,521,073,000 after acquiring an additional 245,100 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Boeing by 2.7% in the third quarter. Janus Henderson Group PLC now owns 6,085,525 shares of the aircraft producer’s stock worth $2,263,213,000 after acquiring an additional 157,237 shares during the last quarter. Institutional investors own 69.75% of the company’s stock.
In other Boeing news, SVP Heidi B. Capozzi sold 2,916 shares of Boeing stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $410.84, for a total value of $1,198,009.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP J Michael Luttig sold 8,500 shares of Boeing stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $410.46, for a total value of $3,488,910.00. The disclosure for this sale can be found here. Insiders sold 72,247 shares of company stock worth $28,922,977 in the last 90 days. Company insiders own 0.23% of the company’s stock.
NYSE:BA opened at $382.80 on Friday. Boeing Co has a 52 week low of $292.47 and a 52 week high of $446.01. The company has a current ratio of 1.08, a quick ratio of 0.31 and a debt-to-equity ratio of 25.99. The firm has a market capitalization of $211.13 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 2.08 and a beta of 1.33.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.05. Boeing had a negative return on equity of 4,286.60% and a net margin of 10.34%. The company had revenue of $22.92 billion for the quarter, compared to the consensus estimate of $23.04 billion. During the same quarter in the previous year, the business earned $3.64 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, research analysts predict that Boeing Co will post 16.12 EPS for the current fiscal year.
BA has been the topic of a number of research analyst reports. Morgan Stanley lifted their price target on Boeing from $450.00 to $500.00 and gave the stock an “overweight” rating in a research note on Thursday, February 28th. Goldman Sachs Group set a $393.00 price target on Boeing and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Financial Group lifted their price objective on Boeing to $448.00 and gave the stock a “buy” rating in a research report on Monday, February 4th. JPMorgan Chase & Co. lifted their price objective on Boeing to $450.00 and gave the stock an “overweight” rating in a research report on Monday, February 11th. Finally, Nord/LB reiterated a “sell” rating and set a $300.00 price objective on shares of Boeing in a research report on Wednesday, March 13th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $411.24.
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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