Oakmont Corp lifted its position in Boeing (NYSE:BA) by 232.7% in the fourth quarter, HoldingsChannel reports. The firm owned 312,368 shares of the aircraft producer’s stock after acquiring an additional 218,489 shares during the period. Boeing comprises 13.6% of Oakmont Corp’s investment portfolio, making the stock its 2nd largest holding. Oakmont Corp’s holdings in Boeing were worth $92,120,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lipe & Dalton bought a new stake in Boeing in the third quarter valued at $100,000. Burt Wealth Advisors bought a new stake in Boeing in the third quarter valued at $100,000. Stonehearth Capital Management LLC bought a new stake in Boeing in the fourth quarter valued at $105,000. Solaris Asset Management LLC bought a new stake in Boeing in the fourth quarter valued at $111,000. Finally, Clear Perspective Advisors LLC grew its position in Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after acquiring an additional 135 shares during the period. Institutional investors and hedge funds own 70.84% of the company’s stock.
A number of analysts have weighed in on BA shares. Morgan Stanley set a $373.00 price target on Boeing and gave the company a “hold” rating in a research report on Thursday, March 22nd. Buckingham Research set a $289.00 price target on Boeing and gave the company a “hold” rating in a research report on Thursday, February 8th. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $330.00 price target on the stock in a research report on Tuesday, January 2nd. Canaccord Genuity reiterated a “hold” rating and issued a $345.00 price target (up from $290.00) on shares of Boeing in a research report on Thursday, February 1st. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $358.00 price target (down from $378.00) on shares of Boeing in a research report on Friday, April 6th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $364.47.
Shares of BA stock opened at $329.28 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74. The firm has a market cap of $193,778.08, a PE ratio of 27.26, a price-to-earnings-growth ratio of 1.70 and a beta of 1.40. Boeing has a 52 week low of $175.47 and a 52 week high of $371.60.
Boeing (NYSE:BA) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.47 earnings per share. equities analysts predict that Boeing will post 14.05 EPS for the current year.
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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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