Courier Capital LLC lessened its holdings in shares of Boeing Co (NYSE:BA) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,735 shares of the aircraft producer’s stock after selling 139 shares during the period. Courier Capital LLC’s holdings in Boeing were worth $2,817,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Cadinha & Co. LLC grew its holdings in shares of Boeing by 3,255.7% during the 3rd quarter. Cadinha & Co. LLC now owns 39,933 shares of the aircraft producer’s stock worth $14,851,000 after purchasing an additional 38,743 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in Boeing by 15.6% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 1,708 shares of the aircraft producer’s stock valued at $635,000 after acquiring an additional 230 shares during the period. Lee Financial Co boosted its holdings in Boeing by 81.1% during the 3rd quarter. Lee Financial Co now owns 545 shares of the aircraft producer’s stock valued at $203,000 after acquiring an additional 244 shares during the period. Toronto Dominion Bank boosted its holdings in Boeing by 38.8% during the 3rd quarter. Toronto Dominion Bank now owns 566,314 shares of the aircraft producer’s stock valued at $210,582,000 after acquiring an additional 158,281 shares during the period. Finally, Edgestream Partners L.P. boosted its holdings in Boeing by 384.9% during the 3rd quarter. Edgestream Partners L.P. now owns 15,385 shares of the aircraft producer’s stock valued at $5,722,000 after acquiring an additional 12,212 shares during the period. Hedge funds and other institutional investors own 69.76% of the company’s stock.
Shares of BA opened at $380.07 on Friday. The company has a debt-to-equity ratio of 25.99, a current ratio of 1.08 and a quick ratio of 0.31. The stock has a market capitalization of $213.10 billion, a PE ratio of 23.74, a P/E/G ratio of 1.97 and a beta of 1.33. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.52 by $0.96. The business had revenue of $28.34 billion during the quarter, compared to analysts’ expectations of $26.76 billion. Boeing had a negative return on equity of 4,286.60% and a net margin of 10.34%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.04 EPS. As a group, sell-side analysts expect that Boeing Co will post 17.07 EPS for the current year.
In other news, CFO Gregory D. Smith sold 19,500 shares of Boeing stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $401.38, for a total value of $7,826,910.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Heidi B. Capozzi sold 2,916 shares of Boeing stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $410.84, for a total value of $1,198,009.44. The disclosure for this sale can be found here. Insiders sold a total of 72,247 shares of company stock valued at $28,922,977 in the last quarter. Company insiders own 0.23% of the company’s stock.
A number of brokerages recently commented on BA. Credit Suisse Group restated a “buy” rating and set a $440.00 target price on shares of Boeing in a report on Friday, April 12th. Zacks Investment Research cut Boeing from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. JPMorgan Chase & Co. lowered their target price on Boeing from $450.00 to $430.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Wolfe Research set a $436.00 target price on Boeing and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $393.00 target price on shares of Boeing in a report on Monday, April 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $411.47.
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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