Forte Capital LLC ADV Has $386,000 Position in Boeing Co (BA)
Forte Capital LLC ADV boosted its position in shares of Boeing Co (NYSE:BA) by 0.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,180 shares of the aircraft producer’s stock after buying an additional 5 shares during the period. Forte Capital LLC ADV’s holdings in Boeing were worth $386,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of BA. Cable Hill Partners LLC boosted its stake in Boeing by 0.5% in the third quarter. Cable Hill Partners LLC now owns 1,674 shares of the aircraft producer’s stock worth $225,000 after buying an additional 8 shares during the last quarter. Bangor Savings Bank boosted its stake in Boeing by 0.6% in the third quarter. Bangor Savings Bank now owns 2,221 shares of the aircraft producer’s stock worth $292,000 after buying an additional 14 shares during the last quarter. LLBH Private Wealth Management LLC boosted its stake in Boeing by 0.3% in the third quarter. LLBH Private Wealth Management LLC now owns 7,234 shares of the aircraft producer’s stock worth $953,000 after buying an additional 22 shares during the last quarter. Garcia Hamilton & Associates LP DE boosted its stake in Boeing by 0.3% in the third quarter. Garcia Hamilton & Associates LP DE now owns 7,103 shares of the aircraft producer’s stock worth $936,000 after buying an additional 24 shares during the last quarter. Finally, Leavell Investment Management Inc. boosted its stake in Boeing by 0.9% in the third quarter. Leavell Investment Management Inc. now owns 2,902 shares of the aircraft producer’s stock worth $382,000 after buying an additional 27 shares during the last quarter. 74.66% of the stock is owned by institutional investors.
Shares of Boeing Co (NYSE:BA) opened at 179.30 on Friday. Boeing Co has a 52-week low of $122.35 and a 52-week high of $185.71. The company’s 50-day moving average is $178.46 and its 200 day moving average is $159.94. The firm has a market cap of $109.82 billion, a price-to-earnings ratio of 23.56 and a beta of 1.08.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 25th. The aircraft producer reported $2.47 EPS for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.13. The firm had revenue of $23.30 billion for the quarter, compared to analysts’ expectations of $23.25 billion. Boeing had a net margin of 5.18% and a return on equity of 239.48%. The firm’s revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.60 EPS. On average, analysts expect that Boeing Co will post $9.30 earnings per share for the current fiscal year.
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A number of research firms recently commented on BA. Canaccord Genuity increased their target price on shares of Boeing from $162.00 to $170.00 and gave the company a “hold” rating in a research report on Tuesday. Vetr raised shares of Boeing from a “sell” rating to a “hold” rating and set a $153.66 price target for the company in a report on Thursday, December 22nd. Cowen and Company raised their price target on shares of Boeing from $185.00 to $195.00 and gave the stock an “outperform” rating in a report on Monday, April 10th. Barclays PLC raised their price target on shares of Boeing from $150.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, January 17th. Finally, Berenberg Bank initiated coverage on shares of Boeing in a report on Wednesday, March 29th. They issued a “buy” rating and a $202.00 price target for the company. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Boeing presently has a consensus rating of “Hold” and a consensus price target of $162.17.
In related news, SVP Thomas J. Downey sold 1,000 shares of the stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $163.93, for a total value of $163,930.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP J Michael Luttig sold 102,080 shares of the stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $166.76, for a total transaction of $17,022,860.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 206,827 shares of company stock worth $34,170,203. 0.58% of the stock is owned by corporate insiders.
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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