Mycio Wealth Partners LLC lessened its stake in Boeing Co (NYSE:BA) by 50.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,461 shares of the aircraft producer’s stock after selling 1,468 shares during the quarter. Mycio Wealth Partners LLC’s holdings in Boeing were worth $371,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of BA. Clear Perspective Advisors LLC raised its stake in shares of Boeing by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares in the last quarter. Vantage Investment Advisors LLC raised its stake in Boeing by 11.1% during the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock worth $123,000 after acquiring an additional 84 shares during the period. CWH Capital Management Inc. acquired a new stake in Boeing during the second quarter worth about $134,000. Catamount Wealth Management acquired a new stake in Boeing during the second quarter worth about $138,000. Finally, Herndon Capital Management LLC raised its stake in Boeing by 29.7% during the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock worth $142,000 after acquiring an additional 165 shares during the period. Institutional investors and hedge funds own 70.84% of the company’s stock.
Shares of Boeing Co (NYSE:BA) traded up $8.09 during trading hours on Friday, hitting $336.21. 6,519,400 shares of the company’s stock traded hands, compared to its average volume of 3,830,000. Boeing Co has a 12 month low of $156.67 and a 12 month high of $336.88. The firm has a market capitalization of $200,240.00, a price-to-earnings ratio of 30.93, a P/E/G ratio of 2.16 and a beta of 1.23. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. Boeing’s revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.51 earnings per share. sell-side analysts anticipate that Boeing Co will post 10.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be issued a $1.71 dividend. The ex-dividend date is Thursday, February 8th. This is a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 2.03%. Boeing’s dividend payout ratio (DPR) is 52.25%.
Boeing declared that its board has initiated a stock repurchase 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 usually a sign that the company’s board of directors believes its stock is undervalued.
Several equities research analysts recently weighed in on the stock. Wells Fargo & Co reiterated a “hold” rating and set a $255.00 price objective (up previously from $240.00) on shares of Boeing in a research note on Wednesday, September 20th. Zacks Investment Research lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Vetr lowered shares of Boeing from a “sell” rating to a “strong sell” rating and set a $279.35 price objective on the stock. in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Boeing from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $303.00 price objective (up previously from $274.00) on shares of Boeing in a research note on Wednesday, September 20th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target 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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