Rothschild & Co. Asset Management US Inc. bought a new position in Boeing Co (NYSE:BA) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 212,514 shares of the aircraft producer’s stock, valued at approximately $68,536,000. Boeing makes up approximately 0.8% of Rothschild & Co. Asset Management US Inc.’s investment portfolio, making the stock its 14th biggest position.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in BA. Newport Trust Co lifted its stake in Boeing by 4.2% in the 4th quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock worth $10,801,254,000 after purchasing an additional 1,363,909 shares in the last quarter. FMR LLC increased its holdings in shares of Boeing by 15.1% during the 3rd quarter. FMR LLC now owns 8,535,249 shares of the aircraft producer’s stock worth $3,174,259,000 after buying an additional 1,119,587 shares during the last quarter. Capital International Investors increased its holdings in shares of Boeing by 26.1% during the 3rd quarter. Capital International Investors now owns 4,847,958 shares of the aircraft producer’s stock worth $1,802,956,000 after buying an additional 1,002,825 shares during the last quarter. Winslow Capital Management LLC increased its holdings in shares of Boeing by 50.1% during the 3rd quarter. Winslow Capital Management LLC now owns 1,217,030 shares of the aircraft producer’s stock worth $452,613,000 after buying an additional 406,078 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Boeing by 240.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 532,010 shares of the aircraft producer’s stock worth $197,855,000 after buying an additional 375,900 shares during the last quarter. 69.76% of the stock is currently owned by institutional investors and hedge funds.
BA has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. UBS Group restated a “buy” rating on shares of Boeing in a report on Wednesday, January 9th. Morgan Stanley upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $400.00 to $450.00 in a report on Wednesday, January 9th. Susquehanna Bancshares initiated coverage on shares of Boeing in a report on Thursday, January 10th. They set a “positive” rating and a $388.00 price target for the company. Finally, JPMorgan Chase & Co. restated a “buy” rating and set a price target on shares of Boeing in a report on Wednesday, January 30th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $411.47.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.52 by $0.96. The business had revenue of $28.34 billion during the quarter, compared to the consensus estimate of $26.76 billion. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.04 earnings per share. As a group, equities research analysts forecast that Boeing Co will post 16.63 earnings per share for the current year.
In other Boeing news, EVP Timothy John Keating sold 26,557 shares of the business’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $395.47, for a total value of $10,502,496.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heidi B. Capozzi sold 2,916 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $410.84, for a total transaction of $1,198,009.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,247 shares of company stock valued at $28,922,977. Insiders own 0.23% of the company’s stock.
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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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