Blue Granite Capital LLC lessened its holdings in shares of Boeing Co (NYSE:BA) by 42.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,455 shares of the aircraft producer’s stock after selling 7,830 shares during the period. Boeing accounts for 1.8% of Blue Granite Capital LLC’s holdings, making the stock its 12th biggest holding. Blue Granite Capital LLC’s holdings in Boeing were worth $2,657,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of BA. LMR Partners LLP bought a new position in Boeing during the second quarter worth $4,904,000. Allegis Investment Advisors LLC bought a new position in Boeing during the second quarter worth $351,000. Blair William & Co. IL raised its stake in Boeing by 4.1% during the second quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock worth $31,170,000 after buying an additional 6,141 shares during the last quarter. Alps Advisors Inc. raised its stake in Boeing by 46.4% during the second quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock worth $956,000 after buying an additional 1,532 shares during the last quarter. Finally, State of Wisconsin Investment Board raised its stake in Boeing by 23.2% during the second quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock worth $117,989,000 after buying an additional 112,520 shares during the last quarter. Institutional investors own 70.84% of the company’s stock.
Several equities research analysts have weighed in on the stock. Vetr raised shares of Boeing from a “sell” rating to a “hold” rating and set a $288.75 price target for the company in a research note on Monday, December 11th. Zacks Investment Research downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Cowen reaffirmed a “buy” rating and issued a $315.00 price target on shares of Boeing in a research note on Thursday, October 26th. Buckingham Research reaffirmed a “hold” rating and issued a $203.00 price target on shares of Boeing in a research note on Friday, December 22nd. Finally, Nord/LB set a $250.00 price target on shares of Boeing and gave the company a “neutral” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Boeing presently has an average rating of “Hold” and an average price target of $277.79.
Shares of Boeing Co (NYSE BA) opened at $320.26 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The company has a market cap of $190,740.00, a PE ratio of 29.46, a PEG ratio of 2.16 and a beta of 1.23. Boeing Co has a 52-week low of $156.67 and a 52-week high of $322.15.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $3.51 earnings per share. research analysts anticipate that Boeing Co will post 10.14 EPS for the current year.
Boeing declared that its board has authorized a stock repurchase program on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a dividend of $1.71 per share. The ex-dividend date is Thursday, February 8th. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 2.14%. Boeing’s payout ratio is presently 52.25%.
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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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