Oregon Public Employees Retirement Fund boosted its holdings in Boeing Co (NYSE:BA) by 4.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 164,374 shares of the aircraft producer’s stock after purchasing an additional 6,617 shares during the quarter. Boeing comprises 0.7% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 23rd largest position. Oregon Public Employees Retirement Fund’s holdings in Boeing were worth $41,786,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in BA. Clear Perspective Advisors LLC grew its holdings in shares of Boeing by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares during the last quarter. CWH Capital Management Inc. purchased a new stake in shares of Boeing during the second quarter valued at approximately $134,000. Catamount Wealth Management purchased a new stake in shares of Boeing during the second quarter valued at approximately $138,000. Herndon Capital Management LLC grew its holdings in shares of Boeing by 29.7% during the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after buying an additional 165 shares during the last quarter. Finally, Acrospire Investment Management LLC grew its holdings in shares of Boeing by 14.3% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the aircraft producer’s stock valued at $158,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 70.84% of the company’s stock.
Several equities research analysts recently issued reports on BA shares. Wells Fargo & Co restated a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of Boeing in a report on Wednesday, September 20th. Zacks Investment Research cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Vetr cut shares of Boeing from a “sell” rating to a “strong sell” rating and set a $279.35 target price on the stock. in a report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Boeing from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $303.00 target price (up previously from $274.00) on shares of Boeing in a report on Wednesday, September 20th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. Boeing presently has a consensus rating of “Hold” and an average target price of $280.74.
Boeing Co (NYSE BA) opened at $336.21 on Friday. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. Boeing Co has a 52-week low of $156.67 and a 52-week high of $336.88. The firm has a market cap of $200,239.28, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. During the same period last year, the firm earned $3.51 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. sell-side analysts predict that Boeing Co will post 10.13 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be given a $1.71 dividend. 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 yield of 2.03%. Boeing’s dividend payout ratio (DPR) is presently 52.21%.
Boeing declared that its board has authorized a stock buyback program on Monday, December 11th that allows the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization allows the aircraft producer to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
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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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