Duncker Streett & Co. Inc. trimmed its holdings in shares of Boeing Co (NYSE:BA) by 4.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,795 shares of the aircraft producer’s stock after selling 275 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Boeing were worth $1,709,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Quadrant L P CA grew its holdings in Boeing by 5.3% during the fourth quarter. First Quadrant L P CA now owns 163,245 shares of the aircraft producer’s stock valued at $48,143,000 after purchasing an additional 8,273 shares during the period. California Capital Advisors Inc. grew its holdings in Boeing by 8.5% during the fourth quarter. California Capital Advisors Inc. now owns 20,423 shares of the aircraft producer’s stock valued at $6,023,000 after purchasing an additional 1,607 shares during the period. Strs Ohio grew its holdings in Boeing by 5.4% during the fourth quarter. Strs Ohio now owns 545,519 shares of the aircraft producer’s stock valued at $160,879,000 after purchasing an additional 27,956 shares during the period. Bredin Investment LLC acquired a new position in Boeing during the fourth quarter valued at approximately $3,084,000. Finally, Forte Capital LLC ADV grew its holdings in Boeing by 17.9% during the fourth quarter. Forte Capital LLC ADV now owns 2,640 shares of the aircraft producer’s stock valued at $778,000 after purchasing an additional 400 shares during the period. 76.55% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.
Boeing Co (BA) opened at $344.19 on Tuesday. Boeing Co has a 1-year low of $173.75 and a 1-year high of $371.60. The company has a market cap of $208,631.58, a price-to-earnings ratio of 25.55, a P/E/G ratio of 1.84 and a beta of 1.37. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The business had revenue of $25.37 billion during the quarter, compared to analysts’ expectations of $24.78 billion. During the same quarter in the prior year, the company posted $2.47 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. analysts forecast that Boeing Co will post 14.05 EPS for the current fiscal year.
Boeing declared that its Board of Directors has approved a stock buyback program on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
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The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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