Private Vista LLC grew its position in shares of Boeing Co (NYSE:BA) by 31.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,586 shares of the aircraft producer’s stock after buying an additional 378 shares during the period. Private Vista LLC’s holdings in Boeing were worth $403,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of BA. Janus Henderson Group PLC lifted its holdings 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 worth $972,919,000 after purchasing an additional 4,852,679 shares in the last quarter. Harbour Capital Advisors LLC lifted its holdings in Boeing by 18,613.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock worth $6,787,000 after purchasing an additional 1,334,957 shares in the last quarter. Koch Industries Inc. lifted its holdings in Boeing by 61,128.7% during the 2nd quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after purchasing an additional 848,467 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its holdings in Boeing by 28,537.7% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 782,669 shares of the aircraft producer’s stock worth $198,962,000 after purchasing an additional 779,936 shares in the last quarter. Finally, APG Asset Management N.V. lifted its holdings in Boeing by 87.8% during the 3rd quarter. APG Asset Management N.V. now owns 1,382,727 shares of the aircraft producer’s stock worth $351,503,000 after purchasing an additional 646,500 shares in the last quarter. 70.81% of the stock is currently owned by hedge funds and other institutional investors.
BA has been the topic of a number of recent research reports. Vetr cut Boeing from a “buy” rating to a “hold” rating and set a $267.03 price objective on the stock. in a report on Friday, October 6th. Cowen reissued a “buy” rating and set a $315.00 price objective on shares of Boeing in a report on Friday, October 6th. Jefferies Group restated a “buy” rating and issued a $300.00 target price on shares of Boeing in a research note on Friday, October 6th. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $289.00 target price on the stock in a research note on Tuesday, October 10th. Finally, Canaccord Genuity upped their target price on Boeing from $235.00 to $245.00 and gave the stock a “hold” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $344.94.
Shares of Boeing Co (NYSE BA) traded down $8.03 during trading on Friday, hitting $348.91. The stock had a trading volume of 5,375,809 shares, compared to its average volume of 5,030,000. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.39. The company has a market cap of $207,800.00, a price-to-earnings ratio of 25.92, a PEG ratio of 1.96 and a beta of 1.44. Boeing Co has a 12-month low of $162.31 and a 12-month high of $361.45.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, beating the consensus estimate of $2.91 by $1.89. The firm had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.47 EPS. analysts expect that Boeing Co will post 14.03 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a dividend of $1.71 per share. 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 yield of 1.96%. Boeing’s dividend payout ratio is currently 42.20%.
Boeing announced that its Board of Directors has authorized a stock repurchase plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
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Boeing Company Profile
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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