Norris Perne & French LLP MI lifted its position in shares of Boeing Co (NYSE:BA) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,223 shares of the aircraft producer’s stock after purchasing an additional 251 shares during the period. Boeing comprises about 3.4% of Norris Perne & French LLP MI’s holdings, making the stock its 5th largest position. Norris Perne & French LLP MI’s holdings in Boeing were worth $23,364,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Lipe & Dalton acquired a new position in Boeing in the 3rd quarter valued at about $100,000. Burt Wealth Advisors acquired a new position in Boeing in the 3rd quarter valued at about $100,000. Stonehearth Capital Management LLC acquired a new position in Boeing in the 4th quarter valued at about $105,000. Solaris Asset Management LLC acquired a new position in Boeing in the 4th quarter valued at about $111,000. Finally, Clear Perspective Advisors LLC increased its position in Boeing by 31.0% in the 2nd 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 76.55% of the company’s stock.
Several brokerages recently issued reports on BA. Vetr upgraded Boeing from a “sell” rating to a “hold” rating and set a $288.75 price target on the stock in a research report on Monday, December 11th. Berenberg Bank set a $395.00 price target on Boeing and gave the company a “buy” rating in a research report on Monday, January 29th. Buckingham Research restated a “hold” rating and issued a $203.00 price target on shares of Boeing in a research report on Friday, December 22nd. Jefferies Group restated a “buy” rating and issued a $339.00 price target on shares of Boeing in a research report on Monday, January 8th. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $365.00 price target (up previously from $330.00) on shares of Boeing in a research report on Thursday, February 1st. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $358.47.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $1.89. The business had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.47 EPS. research analysts expect that Boeing Co will post 14.05 earnings per share for the current fiscal year.
Boeing announced that its Board of Directors has approved a stock buyback program on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.28% of the stock is owned by insiders.
COPYRIGHT VIOLATION WARNING: This article was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.tickerreport.com/banking-finance/3259064/norris-perne-french-llp-mi-purchases-251-shares-of-boeing-co-ba.html.
Boeing Company Profile
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.
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.