MAI Capital Management grew its stake in shares of Boeing (NYSE:BA) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,350 shares of the aircraft producer’s stock after buying an additional 5,073 shares during the quarter. Boeing makes up 1.1% of MAI Capital Management’s holdings, making the stock its 18th biggest holding. MAI Capital Management’s holdings in Boeing were worth $19,862,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arete Wealth Advisors LLC grew its stake in shares of Boeing by 0.4% in the second quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock worth $475,000 after purchasing an additional 9 shares during the last quarter. High Falls Advisors Inc lifted its holdings in Boeing by 0.3% in the second quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after buying an additional 11 shares during the period. Arcus Capital Partners LLC raised its holdings in shares of Boeing by 0.7% during the second quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after purchasing an additional 12 shares during the period. Strategic Advisors LLC raised its holdings in shares of Boeing by 1.0% during the second quarter. Strategic Advisors LLC now owns 2,021 shares of the aircraft producer’s stock valued at $400,000 after purchasing an additional 20 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Boeing by 1.6% during the second quarter. Bahl & Gaynor Inc. now owns 2,336 shares of the aircraft producer’s stock valued at $364,000 after purchasing an additional 37 shares during the period. 70.75% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on BA shares. Buckingham Research reissued a “hold” rating and set a $203.00 target price on shares of Boeing in a research report on Friday, December 22nd. Jefferies Group reissued a “buy” rating and set a $339.00 target price on shares of Boeing in a research report on Monday, January 8th. Credit Suisse Group restated an “outperform” rating and set a $375.00 price target (up from $310.00) on shares of Boeing in a research note on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley restated an “equal weight” rating and set a $373.00 price target (up from $340.00) on shares of Boeing in a research note on Friday, February 23rd. Finally, Vetr cut shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 target price on the stock. in a research note on Thursday, March 8th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Boeing presently has an average rating of “Buy” and an average target price of $358.47.
Boeing (NYSE BA) opened at $319.61 on Friday. Boeing has a 1 year low of $173.75 and a 1 year high of $371.60. 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 stock has a market cap of $198,380.08, a P/E ratio of 23.73, a price-to-earnings-growth ratio of 1.75 and a beta of 1.37.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping analysts’ consensus estimates of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The business had revenue of $25.37 billion for the quarter, compared to analysts’ expectations of $24.78 billion. During the same quarter last year, the company earned $2.47 EPS. The business’s revenue was up 8.9% on a year-over-year basis. equities analysts predict that Boeing will post 14.05 earnings per share for the current fiscal year.
Boeing declared that its board has authorized a stock repurchase plan on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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 value of $12,174,136.97. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.
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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