InterOcean Capital LLC decreased its position in Boeing Co (NYSE:BA) by 92.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,150 shares of the aircraft producer’s stock after selling 49,277 shares during the quarter. InterOcean Capital LLC’s holdings in Boeing were worth $619,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Tredje AP fonden raised its position in Boeing by 16.0% in the first quarter. Tredje AP fonden now owns 37,789 shares of the aircraft producer’s stock worth $4,845,000 after acquiring an additional 5,224 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its stake in shares of Boeing by 7.5% in the 1st quarter. Nicholas Hoffman & Company LLC. now owns 1,570 shares of the aircraft producer’s stock worth $234,000 after purchasing an additional 109 shares during the last quarter. Bedel Financial Consulting Inc. grew its stake in shares of Boeing by 92.9% in the 1st quarter. Bedel Financial Consulting Inc. now owns 1,555 shares of the aircraft producer’s stock worth $232,000 after purchasing an additional 749 shares during the last quarter. National Asset Management Inc. lifted its stake in Boeing by 2.2% during the first quarter. National Asset Management Inc. now owns 17,181 shares of the aircraft producer’s stock valued at $2,563,000 after purchasing an additional 371 shares during the last quarter. Finally, Staley Capital Advisers Inc. acquired a new stake in Boeing during the first quarter valued at approximately $22,142,000. 65.59% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $158.00 price target (up previously from $130.00) on shares of Boeing in a report on Friday, May 1st. Citigroup lowered Boeing from a “buy” rating to a “neutral” rating and set a $175.00 target price on the stock. in a research report on Monday, April 20th. ValuEngine lowered Boeing from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 1st. Jefferies Financial Group restated a “buy” rating and set a $185.00 price objective on shares of Boeing in a report on Tuesday, March 24th. Finally, Benchmark reissued a “market perform” rating and issued a $180.00 target price on shares of Boeing in a research report on Monday, May 11th. Four equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the stock. Boeing currently has an average rating of “Hold” and an average price target of $231.04.
BA stock traded down $1.47 during mid-day trading on Friday, hitting $137.53. The stock had a trading volume of 21,072,749 shares, compared to its average volume of 33,287,024. Boeing Co has a 1-year low of $89.00 and a 1-year high of $391.00. The company has a fifty day moving average of $135.22 and a 200 day moving average of $264.07. The stock has a market capitalization of $78.44 billion, a price-to-earnings ratio of -22.69 and a beta of 1.45.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($2.04) by $0.34. The business had revenue of $16.91 billion during the quarter, compared to analysts’ expectations of $16.90 billion. Boeing had a negative return on equity of 3.08% and a negative net margin of 4.84%. The firm’s quarterly revenue was down 26.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.16 EPS. As a group, equities analysts anticipate that Boeing Co will post -5.05 earnings per share for the current year.
Boeing Company 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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