Spearhead Capital Advisors LLC acquired a new stake in Boeing Co (NYSE:BA) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 10,528 shares of the aircraft producer’s stock, valued at approximately $3,105,000. Boeing makes up about 1.5% of Spearhead Capital Advisors LLC’s portfolio, making the stock its 9th largest holding.
A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. Lipe & Dalton acquired a new position in Boeing in the 3rd quarter valued at $100,000. Burt Wealth Advisors acquired a new position in Boeing in the 3rd quarter valued at $100,000. Stonehearth Capital Management LLC acquired a new position in Boeing in the 4th quarter valued at $105,000. Solaris Asset Management LLC acquired a new position in Boeing in the 4th quarter valued at $111,000. Finally, Clear Perspective Advisors LLC raised its holdings in Boeing by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after acquiring an additional 135 shares in the last quarter. 76.55% of the stock is owned by hedge funds and other institutional investors.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.28% of the company’s stock.
Shares of Boeing Co (NYSE BA) opened at $338.67 on Wednesday. The firm has a market capitalization of $202,552.47, a price-to-earnings ratio of 28.49, a P/E/G ratio of 1.78 and a beta of 1.37. Boeing Co has a 52-week low of $173.75 and a 52-week high of $371.60. 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 issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. During the same quarter in the previous year, the company posted $2.47 EPS. Boeing’s quarterly revenue was up 8.9% compared to the same quarter last year. analysts forecast that Boeing Co will post 14.05 earnings per share for the current fiscal year.
Boeing announced that its board has approved a share repurchase plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
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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