Colony Group LLC lowered its stake in shares of Boeing Co (NYSE:BA) by 5.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,449 shares of the aircraft producer’s stock after selling 3,371 shares during the period. Boeing accounts for 1.0% of Colony Group LLC’s investment portfolio, making the stock its 26th largest position. Colony Group LLC’s holdings in Boeing were worth $14,604,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Riverpoint Wealth Management Holdings LLC boosted its stake in Boeing by 0.3% during the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock worth $293,000 after buying an additional 4 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in shares of Boeing by 0.4% in the 2nd quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock valued at $475,000 after purchasing an additional 9 shares during the last quarter. High Falls Advisors Inc lifted its stake in shares of Boeing by 0.3% in the 2nd quarter. High Falls Advisors Inc now owns 3,520 shares of the aircraft producer’s stock valued at $696,000 after purchasing an additional 11 shares during the last quarter. Arcus Capital Partners LLC lifted its stake in shares of Boeing by 0.7% in the 2nd quarter. Arcus Capital Partners LLC now owns 1,640 shares of the aircraft producer’s stock valued at $324,000 after purchasing an additional 12 shares during the last quarter. Finally, Strategic Advisors LLC lifted its stake in shares of Boeing by 1.0% in the 2nd quarter. Strategic Advisors LLC now owns 2,021 shares of the aircraft producer’s stock valued at $400,000 after purchasing an additional 20 shares during the last quarter. 70.88% of the stock is currently owned by institutional investors.
Shares of Boeing Co (BA) opened at $352.37 on Thursday. 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 Co has a 1-year low of $173.75 and a 1-year high of $361.45. The firm has a market capitalization of $207,943.05, a PE ratio of 29.25, a price-to-earnings-growth ratio of 1.83 and a beta of 1.44.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, topping 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 the consensus estimate of $24.78 billion. During the same quarter in the prior year, the business earned $2.47 EPS. Boeing’s revenue was up 8.9% on a year-over-year basis. equities analysts expect that Boeing Co will post 14.06 earnings per share for the current year.
Boeing announced that its Board of Directors has authorized a stock buyback 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 buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be issued a dividend of $1.71 per share. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 1.94%. Boeing’s dividend payout ratio is 50.78%.
In other Boeing 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.28% of the stock is owned by corporate insiders.
Several brokerages have recently commented on BA. 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. Societe Generale set a $373.00 price target on Boeing and gave the company a “neutral” rating in a research note on Thursday, February 1st. Vetr raised Boeing from a “hold” rating to a “buy” rating and set a $369.18 price target on the stock in a research note on Tuesday. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Cowen reaffirmed a “buy” rating and issued a $415.00 price target on shares of Boeing in a research note on Wednesday, January 31st. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Boeing presently has a consensus rating of “Buy” and an average price target of $354.25.
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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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