Frontier Investment Mgmt Co. Sells 160 Shares of Boeing (BA)

Frontier Investment Mgmt Co. decreased its holdings in shares of Boeing (NYSE:BA) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,022 shares of the aircraft producer’s stock after selling 160 shares during the period. Frontier Investment Mgmt Co.’s holdings in Boeing were worth $891,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lourd Capital LLC raised its holdings in Boeing by 56.4% during the fourth quarter. Lourd Capital LLC now owns 2,650 shares of the aircraft producer’s stock worth $782,000 after purchasing an additional 956 shares in the last quarter. Strs Ohio raised its holdings in Boeing by 5.4% during the fourth quarter. Strs Ohio now owns 545,519 shares of the aircraft producer’s stock worth $160,879,000 after purchasing an additional 27,956 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in Boeing by 3.8% during the fourth quarter. Harbour Capital Advisors LLC now owns 6,117 shares of the aircraft producer’s stock worth $1,804,000 after purchasing an additional 226 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Boeing during the third quarter worth about $2,801,000. Finally, Chicago Equity Partners LLC raised its holdings in Boeing by 154.1% during the third quarter. Chicago Equity Partners LLC now owns 111,405 shares of the aircraft producer’s stock worth $28,320,000 after purchasing an additional 67,570 shares in the last quarter. Institutional investors and hedge funds own 70.78% of the company’s stock.

Shares of BA opened at $342.79 on Friday. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. Boeing has a 1-year low of $175.47 and a 1-year high of $371.60. The company has a market cap of $193,648.61, a PE ratio of 28.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.39.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.59 by $1.05. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The business had revenue of $23.38 billion during the quarter, compared to analysts’ expectations of $22.22 billion. During the same period last year, the company posted $2.01 EPS. The company’s revenue was up 6.5% on a year-over-year basis. sell-side analysts expect that Boeing will post 14.07 earnings per share for the current fiscal year.

In other news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.24% of the company’s stock.

BA has been the subject of several analyst reports. Sanford C. Bernstein increased their price target on shares of Boeing from $402.00 to $422.00 in a report on Friday, February 2nd. Robert W. Baird set a $433.00 price target on shares of Boeing and gave the stock a “buy” rating in a report on Tuesday, January 16th. They noted that the move was a valuation call. Citigroup increased their price target on shares of Boeing to $380.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $330.00 price target for the company in a report on Tuesday, January 2nd. Finally, Jefferies Group reissued a “buy” rating and set a $339.00 price target on shares of Boeing in a report on Monday, January 8th. Seven analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Boeing currently has a consensus rating of “Buy” and a consensus target price of $373.55.

Boeing 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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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