Deutsche Bank Bullish on Boeing
Boeing Co (NYSE:BA) moved 0.08% in the green after an article on Barron’s said that Deutsche Bank’s Myles Walton is bullish on the Seattle-based aerospace firm. The analyst thinks that Boeing has strong prospects for sustainable cash growth and cash return. The bank thinks that there is an “ample” room for the stock to recover because it is significantly underowned and its cash flow valuation is very low. Edgar Wachenheim’s Greenhaven Associates is one of 37 hedge funds from our database that reported stakes in Boeing Co (NYSE:BA) as of the end of the first quarter. It owns approximately 1.26 million shares of the company.
Facebook’s Shareholders Approve a New Class of Non-Voting Shares
Facebook Inc (NASDAQ:FB) is in spotlight after its shareholders have approved a proposal to issue a new class of non-voting shares to facilitate the company’s CEO Mark Zuckerberg to give away his fortune without losing the company’s control. The approved proposal involves two new “Class C” shares for each Class A and Class B share owned by the shareholders, which represents a 3-for-1 stock split. The Class C shares will be publicly traded under a new symbol after the approved proposal goes into action. From our database, 164 funds were bullish on Facebook Inc (NASDAQ:FB) at the end of the first quarter, up from 146 funds a quarter earlier. Andreas Halvorsen’s Viking Global owns more than 20.13 million shares of the company as of the end of March.
Raymond James Ups Rating for Murphy Oil
Murphy Oil Corporation (NYSE:MUR) is on investors’ radar today after Raymond James upgraded the company’s stock to “Market Perform” from “Underperform”. Analysts at Raymond James are “convinced” that the company’s dividend is safe. The firm thinks that the crude oil prices will go to $80 per barrel by the end of next year because of declining global oil supply. As of the end of March, 21 funds own approximately $213.3 million worth of Murphy Oil Corporation (NYSE:MUR)’s stock. The biggest stake was reported by Richard S. Pzena’s Pzena Investment Management, which has around 10.81 million shares of the company.