Boeing Co (NYSE:BA) Holdings Lifted by Fairfield Bush & CO.
Fairfield Bush & CO. boosted its position in shares of Boeing Co (NYSE:BA) by 17.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,657 shares of the aircraft producer’s stock after buying an additional 242 shares during the quarter. Fairfield Bush & CO.’s holdings in Boeing were worth $247,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in BA. Auxier Asset Management grew its holdings in Boeing by 0.7% in the 4th quarter. Auxier Asset Management now owns 15,199 shares of the aircraft producer’s stock valued at $4,951,000 after buying an additional 100 shares during the last quarter. Capital Wealth Planning LLC lifted its position in shares of Boeing by 4.4% during the 4th quarter. Capital Wealth Planning LLC now owns 200,712 shares of the aircraft producer’s stock worth $65,384,000 after buying an additional 8,482 shares during the period. Shoker Investment Counsel Inc. raised its position in Boeing by 1.6% in the 4th quarter. Shoker Investment Counsel Inc. now owns 5,481 shares of the aircraft producer’s stock valued at $1,785,000 after purchasing an additional 85 shares during the last quarter. 360 Financial Inc. bought a new position in Boeing in the 4th quarter valued at $226,000. Finally, Circle Wealth Management LLC raised its position in Boeing by 34.8% in the 4th quarter. Circle Wealth Management LLC now owns 1,070 shares of the aircraft producer’s stock valued at $349,000 after purchasing an additional 276 shares during the last quarter. 61.88% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have issued reports on BA shares. Royal Bank of Canada set a $164.00 price objective on Boeing and gave the company a “buy” rating in a research report on Tuesday, May 26th. Goldman Sachs Group reissued a “buy” rating and issued a $209.00 target price on shares of Boeing in a research note on Thursday, May 28th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $158.00 target price (up from $130.00) on shares of Boeing in a research note on Friday, May 1st. TheStreet cut Boeing from a “c-” rating to a “d” rating in a research note on Wednesday, April 29th. Finally, Barclays reissued a “neutral” rating and issued a $125.00 target price on shares of Boeing in a research note on Friday, May 1st. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $228.80.
Boeing (NYSE:BA) last released its earnings results on Wednesday, April 29th. The aircraft producer reported ($1.70) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.04) by $0.34. Boeing had a negative return on equity of 3.08% and a negative net margin of 4.84%. The business had revenue of $16.91 billion for the quarter, compared to analyst estimates of $16.90 billion. During the same quarter in the prior year, the company posted $3.16 earnings per share. Boeing’s revenue was down 26.2% on a year-over-year basis. On average, equities research analysts predict that Boeing Co will post -5.05 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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