Godsey & Gibb Associates lessened its stake in Boeing Co (NYSE:BA) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,264 shares of the aircraft producer’s stock after selling 1,502 shares during the quarter. Boeing comprises about 3.0% of Godsey & Gibb Associates’ holdings, making the stock its 2nd largest holding. Godsey & Gibb Associates’ holdings in Boeing were worth $18,067,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Sciencast Management LP acquired a new stake in shares of Boeing in the second quarter valued at approximately $801,000. Korea Investment CORP increased its holdings in shares of Boeing by 21.9% in the third quarter. Korea Investment CORP now owns 429,080 shares of the aircraft producer’s stock valued at $109,076,000 after purchasing an additional 77,200 shares during the last quarter. Fort Pitt Capital Group LLC increased its holdings in shares of Boeing by 4.1% in the second quarter. Fort Pitt Capital Group LLC now owns 255,421 shares of the aircraft producer’s stock valued at $50,510,000 after purchasing an additional 10,096 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Boeing in the third quarter valued at approximately $2,801,000. Finally, Chicago Equity Partners LLC increased its holdings in shares of Boeing by 154.1% in the third quarter. Chicago Equity Partners LLC now owns 111,405 shares of the aircraft producer’s stock valued at $28,320,000 after purchasing an additional 67,570 shares during the last quarter. 76.55% of the stock is owned by hedge funds and other institutional investors.
BA has been the subject of several recent research reports. Buckingham Research set a $289.00 price target on Boeing and gave the company a “hold” rating in a report on Thursday, February 8th. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $330.00 price target for the company in a report on Tuesday, January 2nd. Canaccord Genuity reaffirmed a “hold” rating and issued a $345.00 price target (up previously from $290.00) on shares of Boeing in a report on Thursday, February 1st. Robert W. Baird set a $433.00 target price on Boeing and gave the stock a “buy” rating in a research note on Tuesday, January 16th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. set a $325.00 target price on Boeing and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Ten investment 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 a consensus target price of $358.47.
Boeing Co (NYSE BA) opened at $344.19 on Tuesday. Boeing Co has a 52-week low of $173.75 and a 52-week high of $371.60. 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 debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping the consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. During the same period last year, the business posted $2.47 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. equities research analysts predict that Boeing Co will post 14.05 EPS for the current year.
Boeing declared that its board has initiated a share buyback plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in shares. This repurchase authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is 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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