Braun Stacey Associates Inc. Sells 2,270 Shares of Boeing (BA)

Braun Stacey Associates Inc. trimmed its stake in Boeing (NYSE:BA) by 3.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 55,796 shares of the aircraft producer’s stock after selling 2,270 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Boeing were worth $16,454,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BA. LMR Partners LLP increased its holdings in shares of Boeing by 151.8% during the fourth quarter. LMR Partners LLP now owns 18,856 shares of the aircraft producer’s stock valued at $5,561,000 after purchasing an additional 11,368 shares during the period. Elite Wealth Management Inc. acquired a new position in shares of Boeing during the fourth quarter valued at $249,000. MAI Capital Management increased its holdings in shares of Boeing by 8.1% during the fourth quarter. MAI Capital Management now owns 67,350 shares of the aircraft producer’s stock valued at $19,862,000 after purchasing an additional 5,073 shares during the period. Capital Management Corp VA acquired a new position in shares of Boeing during the fourth quarter valued at $232,000. Finally, Harbor Advisory Corp MA acquired a new position in shares of Boeing during the fourth quarter valued at $526,000. Institutional investors own 70.75% of the company’s stock.

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In related news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

BA has been the topic of a number of research analyst reports. Buckingham Research reissued a “hold” rating and set a $203.00 price target on shares of Boeing in a report on Friday, December 22nd. Jefferies Group reissued a “buy” rating and set a $339.00 price target on shares of Boeing in a report on Monday, January 8th. Credit Suisse Group reissued an “outperform” rating and set a $375.00 price target (up from $310.00) on shares of Boeing in a report on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley reissued an “equal weight” rating and set a $373.00 price target (up from $340.00) on shares of Boeing in a report on Friday, February 23rd. Finally, Vetr lowered Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 price target on the stock. in a report on Thursday, March 8th. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $358.47.

BA stock opened at $321.00 on Friday. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. Boeing has a 1 year low of $173.75 and a 1 year high of $371.60. The firm has a market capitalization of $198,380.08, a price-to-earnings ratio of 23.83, a P/E/G ratio of 1.75 and a beta of 1.37.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. During the same quarter last year, the company posted $2.47 EPS. Boeing’s revenue for the quarter was up 8.9% on a year-over-year basis. research analysts expect that Boeing will post 14.05 earnings per share for the current fiscal year.

Boeing announced that its Board of Directors has approved a share buyback program on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to purchase shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

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Boeing 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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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