Oxbow Advisors LLC grew its stake in Boeing Co (NYSE:BA) by 48.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,871 shares of the aircraft producer’s stock after purchasing an additional 612 shares during the quarter. Oxbow Advisors LLC’s holdings in Boeing were worth $610,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. USS Investment Management Ltd acquired a new stake in Boeing during the 4th quarter worth $782,000. Elevated Capital Advisors LLC acquired a new stake in Boeing during the 4th quarter worth $279,000. Sandy Spring Bank raised its stake in Boeing by 8.9% during the 4th quarter. Sandy Spring Bank now owns 14,698 shares of the aircraft producer’s stock worth $4,788,000 after buying an additional 1,202 shares during the period. Biondo Investment Advisors LLC raised its stake in Boeing by 5.4% during the 4th quarter. Biondo Investment Advisors LLC now owns 16,257 shares of the aircraft producer’s stock worth $5,329,000 after buying an additional 830 shares during the period. Finally, Rational Advisors LLC raised its stake in Boeing by 1,650.0% during the 4th quarter. Rational Advisors LLC now owns 315 shares of the aircraft producer’s stock worth $103,000 after buying an additional 297 shares during the period. 68.93% of the stock is currently owned by institutional investors.
BA has been the topic of several research analyst reports. UBS Group set a $333.00 price objective on Boeing and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Vertical Group downgraded Boeing from a “neutral” rating to a “hold” rating in a research note on Wednesday, January 22nd. Citigroup lowered their target price on Boeing from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Credit Suisse Group increased their target price on Boeing from $321.00 to $367.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley lowered their target price on Boeing from $500.00 to $450.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $353.03.
Shares of NYSE BA opened at $340.49 on Friday. The stock has a market capitalization of $193.06 billion, a price-to-earnings ratio of 65.93, a PEG ratio of 8.40 and a beta of 1.28. The business has a 50-day moving average of $328.33 and a 200-day moving average of $349.11. Boeing Co has a fifty-two week low of $302.72 and a fifty-two week high of $446.01.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 29th. The aircraft producer reported ($2.33) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($3.80). The company had revenue of $17.91 billion during the quarter, compared to the consensus estimate of $21.76 billion. Boeing had a negative net margin of 0.83% and a negative return on equity of 70.76%. Boeing’s revenue was down 36.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.48 EPS. On average, sell-side analysts anticipate that Boeing Co will post 4.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 14th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, February 13th. Boeing’s payout ratio is -236.89%.
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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