Keybank National Association OH Decreases Position in Boeing Co (NYSE:BA)

Keybank National Association OH trimmed its stake in Boeing Co (NYSE:BA) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,201 shares of the aircraft producer’s stock after selling 8,628 shares during the period. Keybank National Association OH’s holdings in Boeing were worth $39,708,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Clear Perspective Advisors LLC lifted its holdings in Boeing by 31.0% during 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 during the last quarter. Vantage Investment Advisors LLC increased its position in Boeing by 11.1% in the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after acquiring an additional 84 shares in the last quarter. CWH Capital Management Inc. acquired a new stake in Boeing in the 2nd quarter valued at about $134,000. Catamount Wealth Management acquired a new stake in Boeing in the 2nd quarter valued at about $138,000. Finally, Herndon Capital Management LLC increased its position in Boeing by 29.7% in the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after acquiring an additional 165 shares in the last quarter. 70.78% of the stock is owned by institutional investors.

Shares of Boeing Co (NYSE BA) traded down $20.03 on Monday, reaching $328.88. 10,429,110 shares of the company’s stock were exchanged, compared to its average volume of 5,130,000. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16. The company has a market capitalization of $195,870.00, a price-to-earnings ratio of 24.43, a P/E/G ratio of 1.92 and a beta of 1.44. Boeing Co has a 1 year low of $162.31 and a 1 year 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, topping the Zacks’ consensus estimate of $2.91 by $1.89. The business had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.47 earnings per share. research analysts forecast that Boeing Co will post 14 EPS for the current year.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Thursday, February 8th. This is a positive change from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is currently 42.20%.

BA has been the subject of several research reports. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $289.00 price objective for the company in a research report on Tuesday, October 10th. Vetr cut shares of Boeing from a “hold” rating to a “sell” rating and set a $253.54 price objective for the company. in a research report on Thursday, October 12th. Canaccord Genuity raised their price objective on shares of Boeing from $235.00 to $245.00 and gave the company a “hold” rating in a research report on Wednesday, October 18th. Credit Suisse Group reiterated an “outperform” rating and set a $310.00 price target (up previously from $300.00) on shares of Boeing in a research report on Tuesday, October 24th. Finally, Morgan Stanley lifted their price target on shares of Boeing from $260.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $348.18.

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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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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