Meadow Creek Investment Management LLC lifted its position in Boeing (NYSE:BA) by 9.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 93,632 shares of the aircraft producer’s stock after purchasing an additional 8,162 shares during the period. Boeing makes up about 0.6% of Meadow Creek Investment Management LLC’s holdings, making the stock its 29th largest holding. Meadow Creek Investment Management LLC’s holdings in Boeing were worth $27,613,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of BA. Burt Wealth Advisors acquired a new position in Boeing during the 3rd quarter valued at $100,000. Stonehearth Capital Management LLC acquired a new position in Boeing during the 4th quarter valued at $105,000. Solaris Asset Management LLC acquired a new position in Boeing during the 4th quarter valued at $111,000. Welch Group LLC acquired a new position in Boeing during the 4th quarter valued at $120,000. Finally, Cerebellum GP LLC acquired a new position in Boeing during the 4th quarter valued at $128,000. Institutional investors and hedge funds own 70.90% of the company’s stock.
BA opened at $351.23 on Friday. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.33 and a current ratio of 1.15. Boeing has a twelve month low of $176.77 and a twelve month high of $371.60. The stock has a market capitalization of $200.49 billion, a PE ratio of 29.17, a PEG ratio of 1.71 and a beta of 1.39.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.59 by $1.05. Boeing had a net margin of 9.63% and a return on equity of 3,774.27%. The business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $22.22 billion. During the same quarter in the prior year, the firm earned $2.01 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. analysts expect that Boeing will post 14.64 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Thursday, May 10th. Boeing’s payout ratio is 56.81%.
In other news, SVP Heidi B. Capozzi sold 1,132 shares of the company’s stock in a transaction dated Thursday, May 3rd. The shares were sold at an average price of $329.84, for a total value of $373,378.88. Following the sale, the senior vice president now owns 24,416 shares of the company’s stock, valued at approximately $8,053,373.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP J Michael Luttig sold 9,000 shares of the company’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $344.13, for a total transaction of $3,097,170.00. Following the completion of the sale, the executive vice president now directly owns 27,878 shares in the company, valued at approximately $9,593,656.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,373 shares of company stock worth $4,233,094. 0.24% of the stock is owned by insiders.
Several equities analysts recently commented on BA shares. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $381.00 target price for the company in a research note on Monday, January 22nd. Royal Bank of Canada set a $363.00 target price on shares of Boeing and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Berenberg Bank set a $395.00 target price on shares of Boeing and gave the company a “buy” rating in a research note on Monday, January 29th. Cowen reiterated a “buy” rating and set a $415.00 target price on shares of Boeing in a research note on Wednesday, January 31st. Finally, Goldman Sachs set a $293.00 target price on shares of Boeing and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Seven analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $374.63.
Boeing Company Profile
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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