Dorsey Wright & Associates acquired a new stake in Boeing Co (NYSE:BA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,970 shares of the aircraft producer’s stock, valued at approximately $2,534,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Lipe & Dalton acquired a new stake in shares of Boeing in the third quarter worth approximately $100,000. Clear Perspective Advisors LLC boosted its stake in shares of Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after acquiring an additional 135 shares during the last quarter. Vantage Investment Advisors LLC boosted its stake in shares of Boeing by 11.1% in 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 last quarter. CWH Capital Management Inc. acquired a new stake in shares of Boeing in the second quarter worth approximately $134,000. Finally, Catamount Wealth Management acquired a new stake in shares of Boeing in the second quarter worth approximately $138,000. 70.87% of the stock is currently owned by institutional investors.
Shares of Boeing Co (NYSE:BA) opened at $337.73 on Friday. Boeing Co has a 1 year low of $157.29 and a 1 year high of $352.23. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. The company has a market capitalization of $201,144.56, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 2.19 and a beta of 1.24.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The company had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. During the same quarter in the previous year, the business earned $3.51 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. equities research analysts expect that Boeing Co will post 10.17 EPS for the current fiscal year.
Boeing announced that its board has approved a share buyback plan on Monday, December 11th that allows the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization allows the aircraft producer to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
The firm also recently announced 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 of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a yield of 2.03%. This is an increase from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is currently 52.21%.
BA has been the topic of a number of research analyst reports. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $289.00 price target on the stock in a research note on Tuesday, October 10th. Jefferies Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of Boeing in a research note on Friday, October 6th. Cowen reissued a “buy” rating and set a $315.00 price objective on shares of Boeing in a research note on Friday, October 6th. JPMorgan Chase & Co. reissued a “buy” rating and set a $300.00 price objective on shares of Boeing in a research note on Thursday, October 26th. Finally, Argus reissued a “buy” rating and set a $290.00 price objective (up previously from $270.00) on shares of Boeing in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $304.10.
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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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