Dorsey Wright & Associates Invests $2.53 Million in Boeing Co (BA)

Dorsey Wright & Associates purchased a new position in shares of Boeing Co (NYSE:BA) in the third quarter, according to its most recent filing with the SEC. The firm purchased 9,970 shares of the aircraft producer’s stock, valued at approximately $2,534,000.

A number of other institutional investors have also modified their holdings of BA. LMR Partners LLP acquired a new stake in shares of Boeing in the 2nd quarter valued at about $4,904,000. Allegis Investment Advisors LLC acquired a new stake in shares of Boeing in the 2nd quarter valued at about $351,000. Blair William & Co. IL grew its stake in shares of Boeing by 4.1% in the 2nd quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock valued at $31,170,000 after buying an additional 6,141 shares during the period. Alps Advisors Inc. grew its stake in shares of Boeing by 46.4% in the 2nd quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock valued at $956,000 after buying an additional 1,532 shares during the period. Finally, State of Wisconsin Investment Board grew its stake in shares of Boeing by 23.2% in the 2nd quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock valued at $117,989,000 after buying an additional 112,520 shares during the period. Hedge funds and other institutional investors own 70.45% of the company’s stock.

Boeing Co (NYSE BA) traded up $10.97 during trading on Monday, hitting $343.80. 6,881,557 shares of the company’s stock traded hands, compared to its average volume of 6,280,000. Boeing Co has a 1 year low of $164.47 and a 1 year high of $361.45. 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 cap of $204,760.00, a PE ratio of 25.54, a P/E/G ratio of 1.83 and a beta of 1.44.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The firm had revenue of $25.37 billion for the quarter, compared to analysts’ expectations of $24.78 billion. During the same quarter last year, the firm earned $2.47 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. sell-side analysts expect that Boeing Co will post 14.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Thursday, February 8th. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is 50.82%.

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

BA has been the subject of a number of analyst reports. Vetr upgraded Boeing from a “hold” rating to a “buy” rating and set a $343.92 price target for the company in a research note on Monday. Buckingham Research set a $289.00 price target on Boeing and gave the company a “hold” rating in a research note on Thursday. Berenberg Bank set a $415.00 price target on Boeing and gave the company a “buy” rating in a research note on Monday, February 5th. Jefferies Group lifted their price target on Boeing from $27.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Finally, Sanford C. Bernstein lifted their price target on Boeing from $402.00 to $422.00 in a research note on Friday, February 2nd. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $353.24.

In related news, CFO Gregory D. Smith sold 36,079 shares of Boeing stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.28% of the company’s stock.

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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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