Capital Research Global Investors increased its stake in Boeing Co (NYSE:BA) by 190.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,118,742 shares of the aircraft producer’s stock after purchasing an additional 2,699,641 shares during the quarter. Capital Research Global Investors’ holdings in Boeing were worth $1,341,721,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the stock. Fagan Associates Inc. increased its stake in Boeing by 0.4% in the 4th quarter. Fagan Associates Inc. now owns 8,394 shares of the aircraft producer’s stock valued at $2,735,000 after buying an additional 30 shares during the period. Altavista Wealth Management Inc. grew its holdings in shares of Boeing by 5.2% during the 4th quarter. Altavista Wealth Management Inc. now owns 632 shares of the aircraft producer’s stock valued at $206,000 after acquiring an additional 31 shares in the last quarter. Regal Investment Advisors LLC grew its holdings in shares of Boeing by 1.2% during the 4th quarter. Regal Investment Advisors LLC now owns 2,788 shares of the aircraft producer’s stock valued at $908,000 after acquiring an additional 34 shares in the last quarter. Beacon Financial Group increased its stake in shares of Boeing by 5.7% in the fourth quarter. Beacon Financial Group now owns 653 shares of the aircraft producer’s stock worth $213,000 after acquiring an additional 35 shares during the last quarter. Finally, Novare Capital Management LLC increased its stake in shares of Boeing by 2.0% in the fourth quarter. Novare Capital Management LLC now owns 1,804 shares of the aircraft producer’s stock worth $588,000 after acquiring an additional 35 shares during the last quarter. 67.74% of the stock is owned by institutional investors and hedge funds.
Shares of BA stock traded up $23.50 during trading on Thursday, reaching $182.23. The company had a trading volume of 33,287,773 shares, compared to its average volume of 25,358,896. The firm’s 50 day simple moving average is $259.41 and its two-hundred day simple moving average is $328.25. Boeing Co has a one year low of $89.00 and a one year high of $398.66. The company has a market capitalization of $71.90 billion, a PE ratio of -151.86, a PEG ratio of 35.08 and a beta of 1.34.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 29th. The aircraft producer reported ($2.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($3.80). Boeing had a negative return on equity of 70.76% and a negative net margin of 0.83%. The company had revenue of $17.91 billion for the quarter, compared to the consensus estimate of $21.76 billion. During the same period in the previous year, the company earned $5.48 EPS. The firm’s revenue for the quarter was down 36.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Boeing Co will post 0.91 earnings per share for the current year.
BA has been the subject of a number of research reports. Sanford C. Bernstein reissued a “buy” rating and set a $401.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. ValuEngine raised Boeing from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 31st. Longbow Research started coverage on Boeing in a report on Tuesday, January 7th. They set an “underperform” rating and a $300.00 price target for the company. Zacks Investment Research boosted their price target on Boeing to $337.50 in a research note on Thursday, February 6th. Finally, Berenberg Bank downgraded Boeing from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $410.00 to $350.00 in a report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $298.17.
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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