Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Boeing Co (NYSE:BA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,379 shares of the aircraft producer’s stock, valued at approximately $220,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BA. Kernodle & Katon Asset Management Group LLC purchased a new position in shares of Boeing during the third quarter valued at approximately $102,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in Boeing during the fourth quarter worth about $106,000. Jackson Grant Investment Advisers Inc. increased its stake in Boeing by 124.9% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 830 shares of the aircraft producer’s stock worth $109,000 after buying an additional 461 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. bought a new stake in Boeing during the fourth quarter worth about $109,000. Finally, Global X Management Co. LLC increased its stake in Boeing by 46.8% in the third quarter. Global X Management Co. LLC now owns 938 shares of the aircraft producer’s stock worth $124,000 after buying an additional 299 shares in the last quarter. 74.66% of the stock is owned by hedge funds and other institutional investors.
Shares of Boeing Co (NYSE:BA) traded up 0.53% on Friday, hitting $180.25. 838,637 shares of the stock traded hands. Boeing Co has a 52-week low of $122.35 and a 52-week high of $185.71. The stock has a market cap of $110.40 billion, a P/E ratio of 23.69 and a beta of 1.08. The stock’s 50 day moving average price is $178.46 and its 200 day moving average price is $159.94.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported $2.47 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.13. Boeing had a return on equity of 239.48% and a net margin of 5.18%. The firm earned $23.30 billion during the quarter, compared to the consensus estimate of $23.25 billion. During the same period in the prior year, the business earned $1.60 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. On average, equities analysts expect that Boeing Co will post $9.30 EPS for the current fiscal year.
A number of equities analysts recently commented on BA shares. Deutsche Bank AG lifted their target price on shares of Boeing from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, March 6th. Vetr upgraded shares of Boeing from a “strong sell” rating to a “sell” rating and set a $162.71 target price on the stock in a research report on Monday, March 13th. Canaccord Genuity lifted their target price on shares of Boeing from $162.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday. Cowen and Company lifted their target price on shares of Boeing from $185.00 to $195.00 and gave the stock an “outperform” rating in a research report on Monday, April 10th. Finally, Barclays PLC reiterated an “overweight” rating and issued a $190.00 target price (up previously from $175.00) on shares of Boeing in a research report on Thursday, March 16th. Six analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $162.17.
In other Boeing news, EVP J Michael Luttig sold 102,080 shares of the business’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $166.76, for a total transaction of $17,022,860.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Thomas J. Downey sold 2,000 shares of the business’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $165.39, for a total value of $330,780.00. The disclosure for this sale can be found here. Insiders have sold a total of 206,827 shares of company stock valued at $34,170,203 in the last quarter. 0.58% of the stock is currently owned by insiders.
Boeing Company Profile
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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