Wills Financial Group Inc. lowered its position in shares of Boeing Co (NYSE:BA) by 15.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,878 shares of the aircraft producer’s stock after selling 1,745 shares during the quarter. Boeing accounts for 1.8% of Wills Financial Group Inc.’s holdings, making the stock its 20th biggest position. Wills Financial Group Inc.’s holdings in Boeing were worth $2,511,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. Lipe & Dalton acquired a new stake in shares of Boeing in the 3rd quarter valued at approximately $100,000. Burt Wealth Advisors acquired a new stake in shares of Boeing in the 3rd quarter valued at approximately $100,000. Clear Perspective Advisors LLC raised its stake in Boeing by 31.0% in the 2nd 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 raised its stake 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 during the period. Finally, CWH Capital Management Inc. bought a new stake in Boeing in the 2nd quarter valued at $134,000. 70.45% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the company. Edward Jones upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Tuesday. Vetr upgraded Boeing from a “hold” rating to a “buy” rating and set a $343.92 price target on the stock in a research note on Monday, February 12th. Buckingham Research set a $289.00 price target on Boeing and gave the company a “hold” rating in a research note on Thursday, February 8th. 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. Finally, Jefferies Group increased 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. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $353.24.
In other news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction on 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.
Shares of Boeing Co (NYSE BA) opened at $355.04 on Friday. The stock has a market capitalization of $211,450.00, a price-to-earnings ratio of 30.27, a PEG ratio of 1.84 and a beta of 1.44. Boeing Co has a 1-year low of $170.40 and a 1-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 earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $1.89. The company 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%. Boeing’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.47 EPS. research analysts anticipate that Boeing Co will post 14.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be issued a dividend of $1.71 per share. This is a positive change from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s dividend payout ratio is 58.31%.
Boeing announced that its board has initiated a stock repurchase program on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to repurchase 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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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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