Becker Capital Management Inc. raised its stake in Boeing Co (NYSE:BA) by 47.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,757 shares of the aircraft producer’s stock after acquiring an additional 2,160 shares during the quarter. Becker Capital Management Inc.’s holdings in Boeing were worth $1,718,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in BA. Clear Perspective Advisors LLC raised its stake in shares of Boeing by 31.0% during the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after buying an additional 135 shares during the period. Vantage Investment Advisors LLC raised its stake in shares of Boeing by 11.1% during the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock worth $123,000 after buying an additional 84 shares during the period. CWH Capital Management Inc. acquired a new position in shares of Boeing during the 2nd quarter worth approximately $134,000. Catamount Wealth Management acquired a new position in shares of Boeing during the 2nd quarter worth approximately $138,000. Finally, Herndon Capital Management LLC raised its stake in shares of Boeing by 29.7% during the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock worth $142,000 after buying an additional 165 shares during the period. 70.84% of the stock is owned by institutional investors.
Shares of Boeing Co (NYSE BA) opened at $336.21 on Friday. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. Boeing Co has a 12-month low of $156.67 and a 12-month high of $336.88. The company has a market capitalization of $200,240.00, a P/E ratio of 30.93, a P/E/G ratio of 2.16 and a beta of 1.23.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.51 EPS. analysts predict that Boeing Co will post 10.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be issued a $1.71 dividend. This is a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio is presently 52.25%.
Boeing announced that its Board of Directors has initiated a stock buyback plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in shares. This repurchase authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.
Several research analysts have recently weighed in on BA shares. Buckingham Research reaffirmed a “hold” rating and set a $203.00 target price on shares of Boeing in a research note on Friday, December 22nd. Jefferies Group reaffirmed a “buy” rating and set a $339.00 target price on shares of Boeing in a research note on Monday, January 8th. Nord/LB set a $250.00 target price on Boeing and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $330.00 target price for the company in a research note on Tuesday, January 2nd. Finally, Royal Bank of Canada upped their target price on Boeing from $269.00 to $273.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $280.74.
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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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