Mitchell Capital Management Co. boosted its holdings in shares of Boeing Co (NYSE:BA) by 40.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,123 shares of the aircraft producer’s stock after purchasing an additional 899 shares during the period. Mitchell Capital Management Co.’s holdings in Boeing were worth $1,048,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Boeing by 220.0% during the 1st quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 320 shares of the aircraft producer’s stock valued at $105,000 after acquiring an additional 220 shares in the last quarter. Mount Yale Investment Advisors LLC bought a new stake in Boeing during the 1st quarter valued at approximately $108,000. Lucia Wealth Services LLC bought a new stake in Boeing during the 1st quarter valued at approximately $126,000. Litman Gregory Asset Management LLC bought a new stake in Boeing during the 1st quarter valued at approximately $131,000. Finally, Institutional & Family Asset Management LLC bought a new stake in Boeing during the 1st quarter valued at approximately $139,000. Institutional investors own 69.71% of the company’s stock.
Several analysts have weighed in on the company. Morgan Stanley set a $400.00 price objective on Boeing and gave the company a “hold” rating in a research report on Friday, September 28th. Cowen reaffirmed a “buy” rating and set a $445.00 price objective on shares of Boeing in a research report on Monday, October 1st. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, September 19th. Jefferies Financial Group reissued a “buy” rating and issued a $410.00 price target on shares of Boeing in a research report on Sunday, July 29th. Finally, UBS Group boosted their price target on Boeing from $325.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday, July 26th. Six equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $401.25.
Shares of BA opened at $360.11 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.32 and a debt-to-equity ratio of -7.65. Boeing Co has a 52 week low of $254.50 and a 52 week high of $394.28. The company has a market capitalization of $213.66 billion, a PE ratio of 29.91, a P/E/G ratio of 1.85 and a beta of 1.39.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 25th. The aircraft producer reported $3.33 earnings per share for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.12). Boeing had a return on equity of 2,344.87% and a net margin of 9.92%. The firm had revenue of $24.26 billion during the quarter, compared to analysts’ expectations of $24.02 billion. During the same quarter in the previous year, the firm earned $2.55 earnings per share. Boeing’s revenue was up 5.2% on a year-over-year basis. As a group, analysts forecast that Boeing Co will post 14.6 earnings per share for the current fiscal 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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