Aull & Monroe Investment Management Corp decreased its position in shares of Boeing (NYSE:BA) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,427 shares of the aircraft producer’s stock after selling 830 shares during the period. Boeing accounts for about 2.6% of Aull & Monroe Investment Management Corp’s investment portfolio, making the stock its 6th largest position. Aull & Monroe Investment Management Corp’s holdings in Boeing were worth $5,140,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Stonehearth Capital Management LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $105,000. Solaris Asset Management LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $111,000. Lipe & Dalton bought a new stake in shares of Boeing during the third quarter valued at approximately $100,000. Burt Wealth Advisors bought a new stake in shares of Boeing during the third quarter valued at approximately $100,000. Finally, Cerebellum GP LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $128,000. Institutional investors own 70.75% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Bank of America reiterated 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 lifted their price objective on shares of Boeing from $290.00 to $345.00 and gave the company 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 company 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 company an “outperform” rating in a research report on Thursday, February 1st. Finally, Sanford C. Bernstein lifted their price objective on shares of Boeing from $402.00 to $422.00 in a research report on Friday, February 2nd. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Boeing has a consensus rating of “Buy” and a consensus target price of $358.47.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by insiders.
BA stock opened at $337.63 on Wednesday. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16. The company has a market cap of $194,478.39, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 1.71 and a beta of 1.37. Boeing has a one year low of $173.75 and a one year high of $371.60.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping the consensus estimate of $2.91 by $1.89. The company had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. Boeing’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.47 earnings per share. equities analysts anticipate that Boeing will post 14.05 EPS for the current fiscal year.
Boeing announced that its Board of Directors has initiated a share buyback plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.
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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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