Norris Perne & French LLP MI boosted its holdings in shares of Boeing Co (NYSE:BA) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,223 shares of the aircraft producer’s stock after acquiring an additional 251 shares during the quarter. Boeing comprises 3.4% of Norris Perne & French LLP MI’s holdings, making the stock its 5th largest holding. Norris Perne & French LLP MI’s holdings in Boeing were worth $23,364,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of BA. Lipe & Dalton purchased a new position in shares of Boeing during the third quarter worth $100,000. Burt Wealth Advisors purchased a new position in shares of Boeing during the third quarter worth $100,000. Stonehearth Capital Management LLC purchased a new position in shares of Boeing during the fourth quarter worth $105,000. Solaris Asset Management LLC purchased a new position in shares of Boeing during the fourth quarter worth $111,000. Finally, Clear Perspective Advisors LLC boosted its position in shares of Boeing by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after buying an additional 135 shares during the period. 76.55% of the stock is owned by institutional investors.
Shares of 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 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 capitalization of $208,631.58, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.84 and a beta of 1.37.
Boeing announced that its board has authorized a share buyback plan on Monday, December 11th that allows the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization allows the aircraft producer to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.28% of the stock is owned by company insiders.
Several research analysts have recently commented on BA shares. Sanford C. Bernstein raised their price target on Boeing from $402.00 to $422.00 in a research report on Friday, February 2nd. JPMorgan Chase & Co. set a $325.00 price target on Boeing and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Bank of America set a $320.00 price target on Boeing and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Cowen reiterated a “buy” rating and issued a $320.00 target price on shares of Boeing in a report on Monday, December 11th. Finally, Jefferies Group lifted their target price on Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a report on Tuesday, November 21st. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price 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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