Boeing Co (NYSE:BA) Holdings Reduced by Affinity Investment Advisors LLC

Affinity Investment Advisors LLC lowered its stake in shares of Boeing Co (NYSE:BA) by 8.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 69,864 shares of the aircraft producer’s stock after selling 6,291 shares during the quarter. Boeing makes up approximately 2.1% of Affinity Investment Advisors LLC’s holdings, making the stock its 8th biggest holding. Affinity Investment Advisors LLC’s holdings in Boeing were worth $17,760,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Boeing by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after purchasing an additional 407,511 shares during the period. Janus Henderson Group PLC lifted its position in Boeing by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after purchasing an additional 4,852,679 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Boeing by 4.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock valued at $606,405,000 after purchasing an additional 123,420 shares during the period. LSV Asset Management lifted its position in Boeing by 0.7% during the 2nd quarter. LSV Asset Management now owns 3,006,858 shares of the aircraft producer’s stock valued at $594,606,000 after purchasing an additional 21,804 shares during the period. Finally, Legal & General Group Plc lifted its position in Boeing by 9.3% during the 2nd quarter. Legal & General Group Plc now owns 2,906,822 shares of the aircraft producer’s stock valued at $574,841,000 after purchasing an additional 246,578 shares during the period. 70.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Boeing Co (NYSE:BA) traded up $0.11 during mid-day trading on Friday, reaching $343.22. 5,010,995 shares of the company’s stock traded hands, compared to its average volume of 4,800,000. 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 firm has a market cap of $204,410.00, a P/E ratio of 31.57, a P/E/G ratio of 2.19 and a beta of 1.23. Boeing Co has a 52-week low of $160.82 and a 52-week high of $352.23.

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 dividend of $1.71 per share. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s dividend payout ratio (DPR) is 52.25%.

Boeing announced that its Board of Directors has approved a stock repurchase program on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

BA has been the topic of a number of analyst reports. ValuEngine downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Vetr downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $267.03 price target on the stock. in a research report on Friday, October 6th. Cowen reiterated a “buy” rating and issued a $315.00 price target on shares of Boeing in a research report on Friday, October 6th. Canaccord Genuity reiterated a “hold” rating and issued a $235.00 price target on shares of Boeing in a research report on Thursday, October 5th. Finally, Jefferies Group reiterated a “buy” rating and issued a $300.00 price target on shares of Boeing in a research report on Friday, October 6th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company. Boeing presently has an average rating of “Buy” and an average price target of $309.27.

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About Boeing

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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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