Telos Capital Management Inc. purchased a new stake in Boeing (NYSE:BA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,010 shares of the aircraft producer’s stock, valued at approximately $298,000.
A number of other institutional investors have also bought and sold shares of BA. Lipe & Dalton acquired a new stake in Boeing in the third quarter valued at $100,000. Burt Wealth Advisors acquired a new stake in Boeing in the third quarter valued at $100,000. Stonehearth Capital Management LLC acquired a new stake in Boeing in the fourth quarter valued at $105,000. Solaris Asset Management LLC acquired a new stake in Boeing in the fourth quarter valued at $111,000. Finally, Clear Perspective Advisors LLC raised its stake in Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares in the last quarter. Institutional investors own 70.76% of the company’s stock.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by insiders.
Boeing (NYSE BA) opened at $321.00 on Monday. 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 has a twelve month low of $173.75 and a twelve month high of $371.60. The stock has a market capitalization of $188,905.39, a PE ratio of 26.57, a P/E/G ratio of 1.66 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 (EPS) for the quarter, topping 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 firm had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. During the same quarter last year, the company posted $2.47 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. analysts expect that Boeing will post 14.05 EPS for the current year.
Boeing announced that its Board of Directors has authorized a share buyback plan on Monday, December 11th that allows the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
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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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