Big Money Not In Boeing Co (NYSE:BA), Sentiment at 0.79
Big Money Not In Boeing Co (NYSE:BA), Sentiment at 0.79
Boeing delivered 184 new airplanes in the first quarter
29 April, 2018, 01:05
Suntrust Banks Inc. now owns 109,641 shares of the aircraft producer's stock worth $21,679,000 after buying an additional 5,219 shares in the last quarter. Further, Cypress Funds Llc reported 147,000 shares in Boeing Co equivalent to 7.49% of its U.S. long equity exposure. In Thursday, April 19 report Canaccord Genuity maintained the stock with "Buy" rating. Cowen & Co maintained it with "Buy" rating and $320.0 target in Friday, December 1 report. Morgan Stanley reiterated an "equal weight" rating and set a $373.00 price objective (up previously from $340.00) on shares of Boeing in a report on Friday, February 23rd.
A number of equities research analysts have issued reports on BA shares. The stock of The Boeing Company (NYSE:BA) has "Buy" rating given on Monday, January 8 by Jefferies.
BA traded up $4.78 during trading on Wednesday, reaching $333.84. The stock has a market cap of $193,648.61, a P/E ratio of 27.24, a PEG ratio of 1.70 and a beta of 1.39.
Since January 1, 0001, it had 0 buys, and 1 sale for $12.17 million activity. With $470.0 highest and $203.0 lowest PT, Boeing has $386 average PT or 14.66% above the current ($336.65) price. This compares with $1.58 billion, or $2.54 per share, in last year's first quarter.
The company's revenue for the quarter rose 6.5% to $23.38 billion from $21.96 billion past year.
"We see air traffic growing and passenger traffic growing at about 6 percent to 7 percent a year, and that's feeding airplane growth throughout the world", Muilenburg said at the time.
Adjusted earnings rose to $3.64 a share, Chicago-based Boeing said in the statement.
In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. About 10.61 million shares traded or 80.41% up from the average.
"Big money sentiment for Boeing Co (NYSE:BA) in Q4 2017 decreased to 0.79, revealed SEC filings".
Several hedge funds and other institutional investors have recently modified their holdings of BA. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of Boeing by 0.4% during the 2nd quarter.
The stock increased 2.31% or $7.59 during the last trading session, touching $336.65.Currently The Boeing Company is uptrending after 82.35% change in last April 25, 2017.
FBN's Nicole Petallides on Boeing's first-quarter results. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer's stock valued at $696,000 after acquiring an additional 11 shares during the last quarter. The institutional investor owned 33,017 shares of the aircraft producer's stock after selling 2,635 shares during the period. Citigroup reported 0.12% in The Boeing Company (NYSE:BA). Finally, Old Mutual Global Investors UK Ltd. lifted its stake in shares of Boeing by 28,537.7% during the 3rd quarter. Arrowstreet Ltd Partnership stated it has 1.85 million shares.
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The Boeing Company, together with its subsidiaries, designs, develops, makes, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide.
The company's commercial aircraft and defence divisions made progress toward the mid-teen profit margins set by Boeing chief executive Dennis Muilenburg, reporting operating margins of 11 per cent and 11.3 per cent, respectively.
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