Telos Capital Management Inc. decreased its position in The Boeing Company (NYSE:BA) by 23.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 844 shares of the aircraft producer’s stock after selling 255 shares during the quarter. Telos Capital Management Inc.’s holdings in The Boeing were worth $215,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Thoroughbred Financial Services LLC raised its holdings in The Boeing by 17.2% during the 4th quarter. Thoroughbred Financial Services LLC now owns 15,115 shares of the aircraft producer’s stock worth $3,235,000 after buying an additional 2,213 shares during the period. FMR LLC lifted its holdings in shares of The Boeing by 75.9% during the fourth quarter. FMR LLC now owns 6,095,082 shares of the aircraft producer’s stock worth $1,304,713,000 after buying an additional 2,629,054 shares in the last quarter. Haverford Trust Co. lifted its holdings in shares of The Boeing by 11.2% during the fourth quarter. Haverford Trust Co. now owns 5,704 shares of the aircraft producer’s stock worth $1,221,000 after buying an additional 575 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC lifted its holdings in shares of The Boeing by 5.0% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 4,631 shares of the aircraft producer’s stock worth $991,000 after buying an additional 219 shares in the last quarter. Finally, Trust Co. of Toledo NA OH raised its stake in The Boeing by 8.0% in the first quarter. Trust Co. of Toledo NA OH now owns 8,081 shares of the aircraft producer’s stock valued at $2,058,000 after purchasing an additional 597 shares in the last quarter. 51.41% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have commented on BA shares. Susquehanna Bancshares boosted their target price on The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a research note on Friday, March 19th. Berenberg Bank set a $215.00 target price on The Boeing and gave the company a “hold” rating in a report on Wednesday, January 20th. Morgan Stanley upped their target price on The Boeing from $250.00 to $274.00 and gave the company an “overweight” rating in a report on Monday, March 22nd. Nord/LB cut The Boeing from a “hold” rating to a “sell” rating in a report on Thursday, January 28th. Finally, Susquehanna increased their price target on The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Thursday, March 25th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $240.22.
NYSE BA opened at $235.19 on Tuesday. The firm has a market cap of $137.54 billion, a price-to-earnings ratio of -29.81, a price-to-earnings-growth ratio of 101.91 and a beta of 1.65. The business has a 50-day moving average price of $248.23 and a 200-day moving average price of $215.96. The Boeing Company has a twelve month low of $113.89 and a twelve month high of $278.57.
The Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, April 27th. The aircraft producer reported ($1.53) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.36). The company had revenue of $15.22 billion during the quarter, compared to the consensus estimate of $15.95 billion. During the same period in the previous year, the firm posted ($1.70) earnings per share. The company’s revenue was down 10.0% compared to the same quarter last year. On average, sell-side analysts forecast that The Boeing Company will post -9.39 earnings per share for the current fiscal year.
The Boeing Company Profile
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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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