Cetera Investment Advisers trimmed its holdings in shares of Boeing (NYSE:BA) by 29.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,372 shares of the aircraft producer’s stock after selling 4,706 shares during the period. Cetera Investment Advisers’ holdings in Boeing were worth $3,352,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Beach Investment Management LLC. purchased a new position in shares of Boeing in the 2nd quarter worth $429,000. Hanseatic Management Services Inc. purchased a new position in shares of Boeing in the 2nd quarter worth $637,000. Old West Investment Management LLC purchased a new position in shares of Boeing in the 2nd quarter worth $254,000. W.G. Shaheen & Associates DBA Whitney & Co boosted its stake in shares of Boeing by 0.4% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 27,409 shares of the aircraft producer’s stock worth $5,420,000 after buying an additional 100 shares during the last quarter. Finally, Suntrust Banks Inc. boosted its stake in shares of Boeing by 5.0% in the 2nd quarter. Suntrust Banks Inc. now owns 109,641 shares of the aircraft producer’s stock worth $21,679,000 after buying an additional 5,219 shares during the last quarter. Institutional investors and hedge funds own 70.84% of the company’s stock.
NYSE:BA opened at $340.64 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74. The stock has a market cap of $198,156.45, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 1.74 and a beta of 1.39. Boeing has a 52 week low of $175.47 and a 52 week high of $371.60.
BA has been the topic of a number of research reports. Buckingham Research restated a “hold” rating and issued a $203.00 price target on shares of Boeing in a research note on Friday, December 22nd. Jefferies Group reaffirmed a “buy” rating and issued a $339.00 target price on shares of Boeing in a report on Monday, January 8th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $375.00 target price (up from $310.00) on shares of Boeing in a report on Friday, January 12th. They noted that the move was a valuation call. Morgan Stanley reaffirmed an “equal weight” rating and issued a $373.00 target price (up from $340.00) on shares of Boeing in a report on Friday, February 23rd. Finally, Vetr cut Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 target price on the stock. in a report on Thursday, March 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $365.55.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by company insiders.
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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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