Toroso Investments LLC grew its stake in Boeing Co (NYSE:BA) by 14.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,541 shares of the aircraft producer’s stock after purchasing an additional 195 shares during the period. Toroso Investments LLC’s holdings in Boeing were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in BA. Wealth Quarterback LLC bought a new stake in Boeing during the 4th quarter worth approximately $9,702,310,000. Newport Trust Co grew its position in Boeing by 0.7% during the 4th quarter. Newport Trust Co now owns 30,713,384 shares of the aircraft producer’s stock worth $10,005,192,000 after acquiring an additional 222,115 shares during the last quarter. Capital World Investors grew its position in Boeing by 16.7% during the 4th quarter. Capital World Investors now owns 26,557,559 shares of the aircraft producer’s stock worth $8,651,391,000 after acquiring an additional 3,799,008 shares during the last quarter. State Street Corp grew its position in Boeing by 0.7% during the 4th quarter. State Street Corp now owns 26,302,874 shares of the aircraft producer’s stock worth $8,568,424,000 after acquiring an additional 181,667 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Boeing by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 7,179,440 shares of the aircraft producer’s stock worth $2,333,912,000 after acquiring an additional 187,514 shares during the last quarter. Institutional investors own 65.59% of the company’s stock.
A number of equities research analysts recently commented on BA shares. Goldman Sachs Group restated a “positive” rating on shares of Boeing in a research report on Thursday, April 30th. ValuEngine lowered Boeing from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 1st. Credit Suisse Group reduced their price objective on Boeing from $367.00 to $187.00 and set a “neutral” rating on the stock in a report on Friday, March 27th. Nord/LB downgraded Boeing from a “hold” rating to a “sell” rating in a report on Tuesday, May 5th. Finally, Robert W. Baird reduced their price objective on Boeing from $322.00 to $183.00 and set a “neutral” rating on the stock in a report on Wednesday, March 18th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $231.04.
BA stock opened at $137.53 on Friday. The business’s fifty day moving average is $135.22 and its 200-day moving average is $264.07. The company has a market cap of $78.44 billion, a P/E ratio of -22.69 and a beta of 1.45. Boeing Co has a twelve month low of $89.00 and a twelve month high of $391.00.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($2.04) by $0.34. The company had revenue of $16.91 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.16 EPS. Analysts predict that Boeing Co will post -5.05 EPS for the current year.
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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