Guardian Capital Advisors LP cut its stake in shares of Boeing Co (NYSE:BA) by 4.2% during the fourth quarter, Holdings Channel reports. The fund owned 7,985 shares of the aircraft producer’s stock after selling 348 shares during the period. Guardian Capital Advisors LP’s holdings in Boeing were worth $1,267,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. Kernodle & Katon Asset Management Group LLC purchased a new stake in Boeing during the third quarter valued at $102,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new stake in shares of Boeing during the fourth quarter valued at $106,000. Jackson Grant Investment Advisers Inc. increased its stake in shares of Boeing by 124.9% in the third quarter. Jackson Grant Investment Advisers Inc. now owns 830 shares of the aircraft producer’s stock valued at $109,000 after buying an additional 461 shares in the last quarter. Timber Creek Capital Management LLC increased its stake in shares of Boeing by 325.0% in the third quarter. Timber Creek Capital Management LLC now owns 850 shares of the aircraft producer’s stock valued at $111,000 after buying an additional 650 shares in the last quarter. Finally, Global X Management Co. LLC increased its stake in shares of Boeing by 46.8% in the third quarter. Global X Management Co. LLC now owns 938 shares of the aircraft producer’s stock valued at $124,000 after buying an additional 299 shares in the last quarter. 74.66% of the stock is owned by institutional investors and hedge funds.
Boeing Co (NYSE:BA) opened at 179.39 on Tuesday. The stock has a market cap of $109.87 billion, a PE ratio of 23.57 and a beta of 1.08. Boeing Co has a 12 month low of $122.35 and a 12 month high of $185.71. The stock has a 50 day moving average price of $173.49 and a 200-day moving average price of $152.07.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported $2.47 EPS for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.13. The firm earned $23.30 billion during the quarter, compared to the consensus estimate of $23.25 billion. Boeing had a return on equity of 239.48% and a net margin of 5.18%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.60 EPS. On average, analysts expect that Boeing Co will post $9.30 EPS for the current year.
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Several equities research analysts recently weighed in on the company. Canaccord Genuity reaffirmed a “hold” rating and set a $162.00 price target (up from $150.00) on shares of Boeing in a report on Sunday, January 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $91.00 price target on shares of Boeing in a report on Wednesday, December 21st. Buckingham Research downgraded Boeing from a “neutral” rating to an “underperform” rating and set a $140.00 price target for the company. in a report on Monday, February 13th. Vetr raised Boeing from a “strong sell” rating to a “sell” rating and set a $162.71 price target for the company in a report on Monday, March 13th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $190.00 price target (up from $175.00) on shares of Boeing in a report on Thursday, March 16th. Seven research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $159.08.
In related news, EVP J Michael Luttig sold 102,080 shares of the company’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $166.76, for a total transaction of $17,022,860.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas J. Downey sold 2,000 shares of the company’s stock in a transaction on Monday, January 30th. The stock was sold at an average price of $165.39, for a total value of $330,780.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 206,827 shares of company stock valued at $34,170,203. 0.58% of the stock is owned by company insiders.
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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