First American Bank increased its holdings in shares of Boeing Co (NYSE:BA) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 37,550 shares of the aircraft producer’s stock after acquiring an additional 837 shares during the quarter. Boeing comprises about 0.8% of First American Bank’s investment portfolio, making the stock its 29th largest holding. First American Bank’s holdings in Boeing were worth $11,073,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Arete Wealth Advisors LLC increased its position in Boeing by 0.4% during the second quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock worth $475,000 after acquiring an additional 9 shares during the period. High Falls Advisors Inc increased its position in Boeing by 0.3% during the second quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock worth $696,000 after acquiring an additional 11 shares during the period. Arcus Capital Partners LLC increased its position in Boeing by 0.7% during the second quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock worth $324,000 after acquiring an additional 12 shares during the period. Strategic Advisors LLC increased its position in Boeing by 1.0% during the second quarter. Strategic Advisors LLC now owns 2,021 shares of the aircraft producer’s stock worth $400,000 after acquiring an additional 20 shares during the period. Finally, Empirical Financial Services LLC increased its position in Boeing by 0.9% during the second quarter. Empirical Financial Services LLC now owns 3,094 shares of the aircraft producer’s stock worth $612,000 after acquiring an additional 28 shares during the period. 76.55% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on BA shares. Buckingham Research reaffirmed a “hold” rating and set a $203.00 price target on shares of Boeing in a research report on Friday, December 22nd. Jefferies Group reaffirmed a “buy” rating and set a $339.00 price target on shares of Boeing in a research report on Monday, January 8th. Credit Suisse Group reaffirmed an “outperform” rating and set a $375.00 price target (up from $310.00) on shares of Boeing in a research report on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley reiterated an “equal weight” rating and set a $373.00 price objective (up from $340.00) on shares of Boeing in a research note on Friday, February 23rd. Finally, Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 price objective on the stock. in a research note on Thursday, March 8th. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $358.47.
Shares of Boeing Co (BA) opened at $344.19 on Tuesday. Boeing Co has a one year low of $173.75 and a one year high of $371.60. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. The firm has a market cap of $208,631.58, a P/E ratio of 25.55, a PEG ratio of 1.84 and a beta of 1.37.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The company had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. During the same period last year, the company posted $2.47 EPS. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. sell-side analysts anticipate that Boeing Co will post 14.05 earnings per share for the current year.
Boeing declared that its Board of Directors has initiated a share repurchase plan on Monday, December 11th that allows the company to repurchase $18.00 billion in shares. This repurchase authorization allows the aircraft producer to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
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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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