Securian Asset Management Inc trimmed its position in shares of Boeing Co (NYSE:BA) by 0.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 54,956 shares of the aircraft producer’s stock after selling 52 shares during the period. Securian Asset Management Inc’s holdings in Boeing were worth $17,723,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in BA. UMB Bank N A MO grew its position in Boeing by 2.1% in the 3rd quarter. UMB Bank N A MO now owns 145,259 shares of the aircraft producer’s stock worth $54,022,000 after purchasing an additional 2,996 shares in the last quarter. Delta Asset Management LLC TN grew its position in Boeing by 179.2% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,558 shares of the aircraft producer’s stock worth $579,000 after purchasing an additional 1,000 shares in the last quarter. Duncker Streett & Co. Inc. grew its position in Boeing by 43.8% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 8,454 shares of the aircraft producer’s stock worth $3,144,000 after purchasing an additional 2,575 shares in the last quarter. Piershale Financial Group Inc. bought a new stake in Boeing in the 3rd quarter worth about $214,000. Finally, Savant Capital LLC grew its position in Boeing by 1.9% in the 3rd quarter. Savant Capital LLC now owns 8,277 shares of the aircraft producer’s stock worth $3,078,000 after purchasing an additional 156 shares in the last quarter. 69.66% of the stock is owned by institutional investors and hedge funds.
BA has been the subject of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, January 9th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, January 2nd. Credit Suisse Group reissued a “buy” rating and set a $456.00 target price on shares of Boeing in a research report on Tuesday, December 18th. Cowen reissued a “buy” rating and set a $445.00 target price on shares of Boeing in a research report on Tuesday, December 18th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and set a $400.00 target price on shares of Boeing in a research report on Thursday, December 6th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $405.91.
NYSE BA opened at $372.70 on Friday. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01. The company has a debt-to-equity ratio of 25.99, a quick ratio of 0.31 and a current ratio of 1.08. The company has a market capitalization of $212.34 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 1.44 and a beta of 1.36.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.52 by $0.96. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The business had revenue of $28.34 billion for the quarter, compared to analysts’ expectations of $26.76 billion. During the same period in the prior year, the company posted $3.04 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, research analysts forecast that Boeing Co will post 20.13 EPS for the current fiscal year.
Boeing declared that its Board of Directors has approved a share buyback program on Monday, December 17th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to buy up to 11.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors 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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