Boeing Co (BA) Holdings Lifted by Oakworth Capital Inc.

Oakworth Capital Inc. grew its stake in shares of Boeing Co (NYSE:BA) by 3,560.8% during the 4th quarter, Holdings Channel reports. The firm owned 1,867 shares of the aircraft producer’s stock after buying an additional 1,816 shares during the period. Oakworth Capital Inc.’s holdings in Boeing were worth $603,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Pinnacle Associates Ltd. boosted its stake in shares of Boeing by 15.1% during the 4th quarter. Pinnacle Associates Ltd. now owns 74,661 shares of the aircraft producer’s stock worth $24,078,000 after acquiring an additional 9,787 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in shares of Boeing by 31.0% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,237 shares of the aircraft producer’s stock worth $722,000 after acquiring an additional 529 shares during the period. Schulhoff & Co. Inc. boosted its stake in shares of Boeing by 8.9% during the 4th quarter. Schulhoff & Co. Inc. now owns 1,840 shares of the aircraft producer’s stock worth $593,000 after acquiring an additional 150 shares during the period. First Trust Advisors LP boosted its stake in shares of Boeing by 47.2% during the 4th quarter. First Trust Advisors LP now owns 169,587 shares of the aircraft producer’s stock worth $54,692,000 after acquiring an additional 54,407 shares during the period. Finally, Intercontinental Wealth Advisors LLC boosted its stake in shares of Boeing by 8.9% during the 4th quarter. Intercontinental Wealth Advisors LLC now owns 744 shares of the aircraft producer’s stock worth $240,000 after acquiring an additional 61 shares during the period. 69.85% of the stock is currently owned by hedge funds and other institutional investors.

BA has been the subject of several research analyst reports. TheStreet downgraded Boeing from an “a+” rating to a “c+” rating in a research note on Wednesday, April 24th. Berenberg Bank set a $430.00 target price on Boeing and gave the stock a “buy” rating in a research note on Thursday, April 25th. Credit Suisse Group restated a “buy” rating and issued a $440.00 price target on shares of Boeing in a research note on Friday, April 12th. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $410.82.

BA opened at $354.13 on Friday. The firm has a market capitalization of $211.81 billion, a P/E ratio of 22.12, a PEG ratio of 2.30 and a beta of 1.30. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 48.98.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.05. The firm had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The company’s revenue was down 2.0% compared to the same quarter last year. During the same period in the prior year, the company posted $3.64 EPS. On average, research analysts expect that Boeing Co will post 14.66 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 10th will be given a dividend of $2.055 per share. The ex-dividend date is Thursday, May 9th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.32%. Boeing’s payout ratio is 51.34%.

In other news, SVP Heidi B. Capozzi sold 2,916 shares of the company’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP J Michael Luttig sold 8,500 shares of the company’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $410.46, for a total value of $3,488,910.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,553 shares of company stock valued at $5,560,632. Corporate insiders own 0.23% of the company’s stock.

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About Boeing

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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