Crossvault Capital Management LLC lowered its position in shares of Boeing Co (NYSE:BA) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,485 shares of the aircraft producer’s stock after selling 675 shares during the quarter. Boeing accounts for 5.2% of Crossvault Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Crossvault Capital Management LLC’s holdings in Boeing were worth $9,875,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Arete Wealth Advisors LLC increased its holdings in shares of Boeing by 0.4% in the 2nd quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock valued at $475,000 after purchasing an additional 9 shares in the last quarter. High Falls Advisors Inc increased its holdings in shares of Boeing by 0.3% in the 2nd quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after purchasing an additional 11 shares in the last quarter. Arcus Capital Partners LLC increased its holdings in shares of Boeing by 0.7% in the 2nd quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after purchasing an additional 12 shares in the last quarter. Strategic Advisors LLC increased its holdings in shares of Boeing by 1.0% in the 2nd quarter. Strategic Advisors LLC now owns 2,021 shares of the aircraft producer’s stock valued at $400,000 after purchasing an additional 20 shares in the last quarter. Finally, Empirical Financial Services LLC increased its holdings in shares of Boeing by 0.9% in the 2nd quarter. Empirical Financial Services LLC now owns 3,094 shares of the aircraft producer’s stock valued at $612,000 after purchasing an additional 28 shares in the last quarter. Institutional investors own 76.55% of the company’s stock.
A number of equities analysts have recently issued reports on BA shares. Royal Bank of Canada set a $290.00 price target on shares of Boeing and gave the company a “hold” rating in a report on Wednesday, November 15th. Jefferies Group reiterated a “buy” rating and issued a $339.00 price target on shares of Boeing in a report on Monday, January 8th. JPMorgan Chase & Co. set a $325.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Tuesday, December 12th. Edward Jones upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Finally, Buckingham Research set a $203.00 price objective on shares of Boeing and gave the company a “hold” rating in a research note on Thursday, December 28th. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Boeing currently has an average rating of “Buy” and an average price target of $358.47.
Shares of Boeing Co (BA) opened at $338.67 on Wednesday. Boeing Co has a 12 month low of $173.75 and a 12 month high of $371.60. The stock has a market cap of $202,552.47, a PE ratio of 28.49, a price-to-earnings-growth ratio of 1.78 and a beta of 1.37. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The company had revenue of $25.37 billion for the quarter, compared to analysts’ expectations of $24.78 billion. During the same period last year, the company earned $2.47 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. sell-side analysts predict that Boeing Co will post 14.05 earnings per share for the current fiscal year.
Boeing announced that its board has initiated 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 purchase 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.
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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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