Anchor Capital Advisors LLC Boosts Holdings in Boeing Co (BA)

Anchor Capital Advisors LLC raised its position in shares of Boeing Co (NYSE:BA) by 4.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,838 shares of the aircraft producer’s stock after acquiring an additional 153 shares during the period. Anchor Capital Advisors LLC’s holdings in Boeing were worth $1,288,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Boeing by 0.3% during the second quarter. Arizona State Retirement System now owns 151,589 shares of the aircraft producer’s stock worth $50,860,000 after purchasing an additional 430 shares in the last quarter. ST Germain D J Co. Inc. lifted its stake in shares of Boeing by 8.6% during the second quarter. ST Germain D J Co. Inc. now owns 4,238 shares of the aircraft producer’s stock worth $1,422,000 after purchasing an additional 335 shares in the last quarter. Valmark Advisers Inc. lifted its stake in shares of Boeing by 10.4% during the second quarter. Valmark Advisers Inc. now owns 4,152 shares of the aircraft producer’s stock worth $1,393,000 after purchasing an additional 390 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Boeing by 2.4% during the second quarter. Eagle Asset Management Inc. now owns 13,288 shares of the aircraft producer’s stock worth $4,458,000 after purchasing an additional 314 shares in the last quarter. Finally, Cim Investment Mangement Inc. acquired a new position in shares of Boeing during the second quarter worth about $1,175,000. 69.67% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on BA. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Jefferies Financial Group restated a “buy” rating and set a $410.00 price objective on shares of Boeing in a research note on Sunday, July 29th. UBS Group boosted their price target on Boeing from $325.00 to $357.00 and gave the stock a “neutral” rating in a research note on Thursday, July 26th. Credit Suisse Group reiterated a “buy” rating and issued a $455.00 price target on shares of Boeing in a research note on Thursday, July 26th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and issued a $400.00 price target on shares of Boeing in a research note on Thursday, July 26th. Six research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $400.60.

Shares of NYSE BA opened at $367.23 on Wednesday. Boeing Co has a 52-week low of $251.17 and a 52-week high of $374.48. The company has a market cap of $213.85 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 1.85 and a beta of 1.45. The company has a debt-to-equity ratio of -7.65, a quick ratio of 0.32 and a current ratio of 1.11.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.45 by ($0.12). Boeing had a net margin of 9.92% and a return on equity of 2,344.87%. The firm had revenue of $24.26 billion for the quarter, compared to analyst estimates of $24.02 billion. During the same quarter in the previous year, the company earned $2.55 EPS. The company’s quarterly revenue was up 5.2% compared to the same quarter last year. equities research analysts predict that Boeing Co will post 14.6 EPS for the current fiscal year.

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.

Read More: Intrinsic Value and Stock Selection

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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