Bremer Trust National Association raised its holdings in shares of Boeing Co (NYSE:BA) by 60.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,927 shares of the aircraft producer’s stock after acquiring an additional 729 shares during the period. Bremer Trust National Association’s holdings in Boeing were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in BA. Oregon Public Employees Retirement Fund increased its stake in shares of Boeing by 21,969.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock worth $125,000 after purchasing an additional 40,145,567 shares in the last quarter. Newport Trust Co increased its stake in shares of Boeing by 4.2% in the fourth 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 stake in shares of Boeing by 15.1% in the third quarter. FMR LLC now owns 8,535,249 shares of the aircraft producer’s stock worth $3,174,259,000 after purchasing an additional 1,119,587 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Boeing by 3.2% in the fourth quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock worth $2,521,073,000 after purchasing an additional 245,100 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Boeing by 2.7% in the third quarter. Janus Henderson Group PLC now owns 6,085,525 shares of the aircraft producer’s stock worth $2,263,213,000 after purchasing an additional 157,237 shares in the last quarter. 69.75% of the stock is owned by institutional investors and hedge funds.
In other Boeing news, SVP Heidi B. Capozzi sold 2,916 shares of the stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $410.84, for a total transaction of $1,198,009.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory D. Smith sold 19,500 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $401.38, for a total transaction of $7,826,910.00. The disclosure for this sale can be found here. Insiders have sold 72,247 shares of company stock valued at $28,922,977 over the last ninety days. 0.23% of the stock is currently owned by corporate insiders.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.05. The company had revenue of $22.92 billion during the quarter, compared to analysts’ expectations of $23.04 billion. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. Boeing’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the company posted $3.64 earnings per share. As a group, research analysts predict that Boeing Co will post 16.12 EPS for the current year.
A number of analysts have recently issued reports on BA shares. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. UBS Group reissued a “buy” rating on shares of Boeing in a research note on Wednesday, January 9th. Morgan Stanley raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $400.00 to $450.00 in a research note on Wednesday, January 9th. Susquehanna Bancshares started coverage on shares of Boeing in a research note on Thursday, January 10th. They issued a “positive” rating and a $388.00 price objective for the company. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a price objective on shares of Boeing in a research note on Wednesday, January 30th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $413.20.
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 in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.