Oregon Public Employees Retirement Fund raised its stake in Boeing Co (NYSE:BA) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 about 0.7% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 23rd biggest position. Oregon Public Employees Retirement Fund’s holdings in Boeing were worth $41,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently added to or reduced their stakes in the business. Clear Perspective Advisors LLC boosted its stake in Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after acquiring an additional 135 shares during the period. Vantage Investment Advisors LLC boosted its stake in Boeing by 11.1% in the second 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 during the period. CWH Capital Management Inc. acquired a new position in Boeing in the second quarter valued at approximately $134,000. Catamount Wealth Management acquired a new position in Boeing in the second quarter valued at approximately $138,000. Finally, Herndon Capital Management LLC boosted its stake in Boeing by 29.7% in the second 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 during the period. 70.78% of the stock is currently owned by institutional investors.
Boeing Co (BA) traded down $20.03 during midday trading on Monday, hitting $328.88. The company’s stock had a trading volume of 10,429,110 shares, compared to its average volume of 5,130,000. The company has a market capitalization of $195,870.00, a PE ratio of 24.43, a P/E/G ratio of 1.92 and a beta of 1.44. Boeing Co has a 52 week low of $162.31 and a 52 week high of $361.45. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company had revenue of $25.37 billion for the quarter, compared to analysts’ expectations of $24.78 billion. During the same quarter in the prior year, the company earned $2.47 earnings per share. The firm’s revenue was up 8.9% on a year-over-year basis. sell-side analysts predict that Boeing Co will post 14 earnings per share for the current year.
Boeing declared that its board has approved a stock repurchase plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 2.08%. This is a boost from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s payout ratio is presently 42.20%.
Several equities analysts have recently issued reports on the company. Royal Bank of Canada set a $290.00 price objective on Boeing and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group reiterated a “buy” rating and set a $339.00 price objective on shares of Boeing in a research report on Monday, January 8th. JPMorgan Chase & Co. set a $325.00 price objective on Boeing and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Buckingham Research set a $203.00 price objective on Boeing and gave the stock a “hold” rating in a research report on Thursday, December 28th. Finally, Zacks Investment Research upgraded 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $348.18.
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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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