Harbour Capital Advisors LLC grew its stake in Boeing Co (NYSE:BA) by 3.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,117 shares of the aircraft producer’s stock after buying an additional 226 shares during the period. Harbour Capital Advisors LLC’s holdings in Boeing were worth $1,804,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Beach Investment Management LLC. bought a new position in shares of Boeing in the second quarter worth about $429,000. Capital Advisors Inc. OK bought a new position in shares of Boeing in the second quarter worth about $210,000. Flagship Harbor Advisors LLC increased its stake in shares of Boeing by 2.4% in the second quarter. Flagship Harbor Advisors LLC now owns 4,924 shares of the aircraft producer’s stock worth $999,000 after purchasing an additional 116 shares during the period. Synovus Financial Corp increased its stake in shares of Boeing by 44.4% in the second quarter. Synovus Financial Corp now owns 25,063 shares of the aircraft producer’s stock worth $4,971,000 after purchasing an additional 7,702 shares during the period. Finally, Leisure Capital Management bought a new position in shares of Boeing in the second quarter worth about $211,000. 76.55% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on BA shares. Sanford C. Bernstein lifted their price objective on Boeing from $402.00 to $422.00 in a research note on Friday, February 2nd. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $330.00 price objective on the stock in a research note on Tuesday, January 2nd. Cowen restated a “buy” rating and set a $320.00 price target on shares of Boeing in a research note on Monday, December 11th. JPMorgan Chase & Co. set a $325.00 price target on Boeing and gave the company a “buy” rating in a research note on Tuesday, December 12th. Finally, Bank of America set a $320.00 price target on Boeing and gave the company a “buy” rating in a research note on Tuesday, December 12th. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $358.47.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. The company had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.47 earnings per share. equities research analysts predict that Boeing Co will post 14.05 EPS for the current fiscal year.
Boeing declared that its Board of Directors has approved a stock repurchase program on Monday, December 11th that allows the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization allows the aircraft producer to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by insiders.
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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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