Rothschild Investment Corp IL lowered its stake in Boeing Co (NYSE:BA) by 6.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 64,840 shares of the aircraft producer’s stock after selling 4,262 shares during the quarter. Boeing makes up about 2.1% of Rothschild Investment Corp IL’s holdings, making the stock its 3rd biggest position. Rothschild Investment Corp IL’s holdings in Boeing were worth $19,122,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Boeing by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after buying an additional 407,511 shares in the last quarter. Jennison Associates LLC lifted its stake in Boeing by 20.3% in the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after buying an additional 1,160,859 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Boeing by 7,215.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after buying an additional 4,852,679 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Boeing by 13.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock valued at $870,618,000 after buying an additional 402,240 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Boeing by 3.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock valued at $965,756,000 after buying an additional 122,278 shares in the last quarter. 76.55% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Boeing Co (BA) opened at $344.19 on Tuesday. The company has a market capitalization of $208,631.58, a price-to-earnings ratio of 25.55, a PEG ratio of 1.84 and a beta of 1.37. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74. Boeing Co has a twelve month low of $173.75 and a twelve month high of $371.60.
Boeing announced that its Board of Directors has authorized a share repurchase program on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
In related news, CFO Gregory D. Smith sold 36,079 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.
BA has been the subject of several analyst reports. Royal Bank of Canada set a $290.00 price target on Boeing and gave the company a “hold” rating in a report on Wednesday, November 15th. Jefferies Group reiterated a “buy” rating and issued a $339.00 price target on shares of Boeing in a report on Monday, January 8th. JPMorgan Chase & Co. set a $325.00 price target on Boeing and gave the company a “buy” rating in a report on Tuesday, December 12th. Edward Jones upgraded Boeing from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th. Finally, Buckingham Research set a $203.00 price target on Boeing and gave the company a “hold” rating in a report on Thursday, December 28th. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Boeing presently has an average rating of “Buy” and an average price target of $358.47.
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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