Dynamic Technology Lab Private Ltd bought a new stake in Boeing Co (NYSE:BA) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,431 shares of the aircraft producer’s stock, valued at approximately $1,380,000.
A number of other large investors have also bought and sold shares of BA. Chesley Taft & Associates LLC raised its position in Boeing by 24.2% in the second quarter. Chesley Taft & Associates LLC now owns 2,566 shares of the aircraft producer’s stock valued at $507,000 after purchasing an additional 500 shares during the period. Iowa State Bank grew its stake in shares of Boeing by 9.6% in the second quarter. Iowa State Bank now owns 2,853 shares of the aircraft producer’s stock valued at $564,000 after buying an additional 250 shares in the last quarter. Trust Co. of Oklahoma grew its stake in shares of Boeing by 16.9% in the second quarter. Trust Co. of Oklahoma now owns 5,501 shares of the aircraft producer’s stock valued at $1,088,000 after buying an additional 797 shares in the last quarter. Mascoma Wealth Management LLC grew its stake in shares of Boeing by 0.5% in the second quarter. Mascoma Wealth Management LLC now owns 4,169 shares of the aircraft producer’s stock valued at $824,000 after buying an additional 22 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of Boeing by 507.7% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 95,131 shares of the aircraft producer’s stock valued at $18,812,000 after buying an additional 79,478 shares in the last quarter. Institutional investors own 70.45% of the company’s stock.
A number of brokerages have recently weighed in on BA. Buckingham Research set a $289.00 price objective on Boeing and gave the company a “hold” rating in a research note on Thursday, February 8th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $323.91 price objective for the company in a research note on Monday, February 5th. Societe Generale set a $373.00 price objective on Boeing and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada set a $363.00 price objective on Boeing and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Boeing has an average rating of “Buy” and a consensus target price of $353.24.
In other news, CFO Gregory D. Smith sold 36,079 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.28% of the company’s stock.
Boeing Co (NYSE:BA) opened at $343.80 on Tuesday. The company has a market capitalization of $204,760.00, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.83 and a beta of 1.44. Boeing Co has a one year low of $166.35 and a one year high of $361.45. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.91 by $1.89. The business had revenue of $25.37 billion during the quarter, compared to analysts’ expectations of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.47 EPS. analysts anticipate that Boeing Co will post 14.01 earnings per share for the current fiscal year.
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 dividend of $1.71 per share. This is a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio is currently 50.82%.
Boeing declared that its board has initiated a stock buyback program on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.
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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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