Westwood Holdings Group Inc. trimmed its position in Boeing (NYSE:BA) by 9.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 538,873 shares of the aircraft producer’s stock after selling 55,792 shares during the period. Boeing accounts for 1.2% of Westwood Holdings Group Inc.’s portfolio, making the stock its 21st biggest position. Westwood Holdings Group Inc. owned approximately 0.09% of Boeing worth $158,919,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Burt Wealth Advisors purchased a new stake in shares of Boeing in the third quarter worth $100,000. Stonehearth Capital Management LLC purchased a new stake in shares of Boeing in the fourth quarter worth $105,000. Solaris Asset Management LLC purchased a new stake in shares of Boeing in the fourth quarter worth $111,000. Welch Group LLC purchased a new stake in shares of Boeing in the fourth quarter worth $120,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Boeing in the fourth quarter worth $128,000. 69.64% of the stock is currently owned by institutional investors.
Boeing opened at $363.92 on Tuesday, MarketBeat.com reports. Boeing has a fifty-two week low of $182.52 and a fifty-two week high of $371.60. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.33 and a current ratio of 1.15. The stock has a market capitalization of $204.62 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 1.74 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, beating analysts’ consensus estimates of $2.59 by $1.05. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $22.22 billion. During the same quarter in the prior year, the company earned $2.01 earnings per share. Boeing’s revenue was up 6.5% on a year-over-year basis. equities analysts predict that Boeing will post 14.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be paid a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Thursday, May 10th. Boeing’s dividend payout ratio (DPR) is currently 56.81%.
In other news, SVP Gregory L. Hyslop sold 2,241 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $340.27, for a total value of $762,545.07. Following the transaction, the senior vice president now owns 21,425 shares of the company’s stock, valued at $7,290,284.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Heidi B. Capozzi sold 1,132 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $329.84, for a total value of $373,378.88. Following the completion of the transaction, the senior vice president now directly owns 24,416 shares in the company, valued at approximately $8,053,373.44. The disclosure for this sale can be found here. Insiders sold 12,373 shares of company stock worth $4,233,094 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.
A number of brokerages have recently issued reports on BA. Canaccord Genuity reaffirmed a “hold” rating and set a $350.00 price target on shares of Boeing in a report on Wednesday, May 2nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $358.00 price target (down from $378.00) on shares of Boeing in a report on Friday, April 6th. Vetr downgraded Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 price target on the stock. in a report on Tuesday, April 10th. Societe Generale set a $373.00 price target on Boeing and gave the company a “neutral” rating in a report on Thursday, February 1st. Finally, Wells Fargo upped their price target on Boeing from $365.00 to $370.00 and gave the company a “market perform” rating in a report on Thursday, April 26th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Boeing currently has an average rating of “Buy” and an average price target of $374.63.
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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