Boeing Co (BA) Holdings Boosted by Lakeview Capital Partners LLC

Lakeview Capital Partners LLC grew its position in shares of Boeing Co (NYSE:BA) by 22.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,341 shares of the aircraft producer’s stock after buying an additional 244 shares during the quarter. Lakeview Capital Partners LLC’s holdings in Boeing were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of BA. Oregon Public Employees Retirement Fund increased its stake in shares of Boeing by 21,969.2% during the 4th 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 during the last quarter. Newport Trust Co increased its stake in shares of Boeing by 4.2% during 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 during the last quarter. FMR LLC increased its stake 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 purchasing an additional 1,119,587 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Boeing by 3.2% during the 4th 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 during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of Boeing by 2.7% during the 3rd 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 during the last quarter. 69.76% of the stock is currently owned by hedge funds and other institutional investors.

Boeing stock opened at $381.72 on Wednesday. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01. The company has a market capitalization of $211.94 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 1.97 and a beta of 1.33. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 25.99.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.52 by $0.96. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The business had revenue of $28.34 billion during the quarter, compared to analyst estimates of $26.76 billion. During the same period in the previous year, the business earned $3.04 EPS. Boeing’s revenue was up 14.4% compared to the same quarter last year. Sell-side analysts forecast that Boeing Co will post 17.07 EPS for the current year.

In other Boeing news, EVP Kevin G. Mcallister sold 12,637 shares of the firm’s stock in a transaction on Friday, February 8th. The shares were sold at an average price of $398.27, for a total value of $5,032,937.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Timothy John Keating sold 26,557 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $395.47, for a total transaction of $10,502,496.79. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,247 shares of company stock valued at $28,922,977. Insiders own 0.23% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Boeing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Cowen restated a “buy” rating and set a $460.00 price target on shares of Boeing in a research note on Monday, April 8th. Credit Suisse Group restated a “buy” rating and set a $440.00 price target on shares of Boeing in a research note on Friday, April 12th. ValuEngine lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, Wolfe Research set a $436.00 price target on shares of Boeing and gave the stock a “buy” rating in a research note on Monday, April 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and sixteen have issued a buy rating to the company’s stock. Boeing presently has an average rating of “Hold” and a consensus price target of $411.47.

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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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