Boeing (BA) is Renaissance Group LLC’s Largest Position

Renaissance Group LLC decreased its holdings in Boeing (NYSE:BA) by 10.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 143,111 shares of the aircraft producer’s stock after selling 17,219 shares during the period. Boeing makes up about 1.4% of Renaissance Group LLC’s investment portfolio, making the stock its largest position. Renaissance Group LLC’s holdings in Boeing were worth $42,205,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. High Falls Advisors Inc raised its holdings in Boeing by 0.3% in the second quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after buying an additional 11 shares during the period. Arcus Capital Partners LLC raised its holdings in Boeing by 0.7% in the second quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after buying an additional 12 shares during the period. Quadrant Capital Group LLC raised its holdings in Boeing by 2.8% in the second quarter. Quadrant Capital Group LLC now owns 1,670 shares of the aircraft producer’s stock valued at $284,000 after buying an additional 45 shares during the period. North Star Asset Management Inc. raised its holdings in Boeing by 0.7% in the second quarter. North Star Asset Management Inc. now owns 7,585 shares of the aircraft producer’s stock valued at $1,500,000 after buying an additional 50 shares during the period. Finally, Ropes Wealth Advisors LLC raised its holdings in Boeing by 0.7% in the second quarter. Ropes Wealth Advisors LLC now owns 8,493 shares of the aircraft producer’s stock valued at $1,679,000 after buying an additional 55 shares during the period. Hedge funds and other institutional investors own 70.84% of the company’s stock.

BA has been the topic of several research reports. Sanford C. Bernstein raised their price target on shares of Boeing from $402.00 to $422.00 in a report on Friday, February 2nd. Robert W. Baird set a $433.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Citigroup increased their price objective on shares of Boeing to $380.00 and gave the company a “buy” rating in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $330.00 price objective for the company in a research report on Tuesday, January 2nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $339.00 price objective on shares of Boeing in a research report on Monday, January 8th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $364.47.



BA stock opened at $327.36 on Thursday. Boeing has a twelve month low of $175.47 and a twelve month high of $371.60. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. The company has a market cap of $197,044.20, a PE ratio of 27.72, a P/E/G ratio of 1.73 and a beta of 1.39.

Boeing (NYSE:BA) last released its quarterly earnings results 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 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 the consensus estimate of $24.78 billion. During the same quarter last year, the company earned $2.47 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. analysts anticipate that Boeing will post 14.05 EPS for the current year.

In other news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.

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Boeing Profile

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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