HM Payson & Co. Purchases 111 Shares of The Boeing Company (NYSE:BA)
HM Payson & Co. increased its stake in shares of The Boeing Company (NYSE:BA) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,280 shares of the aircraft producer’s stock after buying an additional 111 shares during the quarter. HM Payson & Co.’s holdings in The Boeing were worth $702,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Newport Trust Co grew its holdings in The Boeing by 41.0% during the fourth quarter. Newport Trust Co now owns 49,550,937 shares of the aircraft producer’s stock worth $10,606,874,000 after buying an additional 14,409,687 shares in the last quarter. BlackRock Inc. boosted its position in The Boeing by 3.3% in the fourth quarter. BlackRock Inc. now owns 31,244,004 shares of the aircraft producer’s stock worth $6,688,091,000 after purchasing an additional 1,000,081 shares during the last quarter. Morgan Stanley boosted its position in The Boeing by 28.7% in the fourth quarter. Morgan Stanley now owns 7,508,555 shares of the aircraft producer’s stock worth $1,607,282,000 after purchasing an additional 1,673,366 shares during the last quarter. FMR LLC boosted its position in The Boeing by 75.9% in the fourth quarter. FMR LLC now owns 6,095,082 shares of the aircraft producer’s stock worth $1,304,713,000 after purchasing an additional 2,629,054 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in The Boeing by 7.8% in the fourth quarter. Bank of New York Mellon Corp now owns 4,562,147 shares of the aircraft producer’s stock worth $976,576,000 after purchasing an additional 331,409 shares during the last quarter. Institutional investors and hedge funds own 51.41% of the company’s stock.
The Boeing stock opened at $252.58 on Thursday. The firm has a market cap of $147.25 billion, a price-to-earnings ratio of -32.01, a PEG ratio of 101.91 and a beta of 1.65. The stock has a fifty day simple moving average of $238.71 and a two-hundred day simple moving average of $205.41. The Boeing Company has a 12 month low of $113.89 and a 12 month high of $278.57.
Several research analysts have weighed in on BA shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $265.00 price objective (up previously from $190.00) on shares of The Boeing in a research report on Tuesday, December 15th. Jefferies Financial Group upped their price target on The Boeing from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Wednesday, December 9th. Zacks Investment Research cut The Boeing from a “hold” rating to a “sell” rating and set a $215.00 price target on the stock. in a research report on Tuesday, January 5th. Redburn Partners reaffirmed a “sell” rating on shares of The Boeing in a research report on Thursday, December 17th. Finally, Credit Suisse Group set a $193.00 price objective on The Boeing and gave the stock a “neutral” rating in a report on Friday, February 12th. Six investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $228.32.
In other The Boeing news, CEO Theodore Colbert III sold 5,000 shares of the company’s stock in a transaction dated Tuesday, February 2nd. The stock was sold at an average price of $200.80, for a total value of $1,004,000.00. Following the completion of the sale, the chief executive officer now owns 49,846 shares in the company, valued at $10,009,076.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Timothy John Keating sold 21,737 shares of the company’s stock in a transaction dated Tuesday, February 2nd. The stock was sold at an average price of $202.15, for a total value of $4,394,134.55. Following the completion of the sale, the executive vice president now owns 101,817 shares of the company’s stock, valued at approximately $20,582,306.55. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.
The 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 through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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