Boeing Co (BA) Shares Bought by Planning Directions Inc.

Planning Directions Inc. grew its position in Boeing Co (NYSE:BA) by 43.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,787 shares of the aircraft producer’s stock after buying an additional 1,155 shares during the period. Boeing makes up 1.2% of Planning Directions Inc.’s portfolio, making the stock its 19th largest position. Planning Directions Inc.’s holdings in Boeing were worth $1,271,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its holdings in shares of Boeing by 7.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 14,258 shares of the aircraft producer’s stock valued at $4,784,000 after buying an additional 940 shares during the period. Truvestments Capital LLC acquired a new position in Boeing in the 2nd quarter worth $1,384,000. BDO Wealth Advisors LLC boosted its stake in Boeing by 13.1% in the 2nd quarter. BDO Wealth Advisors LLC now owns 1,989 shares of the aircraft producer’s stock worth $667,000 after purchasing an additional 231 shares during the period. Bank of New York Mellon Corp boosted its stake in Boeing by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,158,335 shares of the aircraft producer’s stock worth $1,730,674,000 after purchasing an additional 227,374 shares during the period. Finally, Schroder Investment Management Group boosted its stake in Boeing by 79.0% in the 2nd quarter. Schroder Investment Management Group now owns 123,987 shares of the aircraft producer’s stock worth $41,492,000 after purchasing an additional 54,703 shares during the period. 69.56% of the stock is owned by institutional investors.

Shares of NYSE:BA opened at $363.07 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07. Boeing Co has a one year low of $258.00 and a one year high of $394.28. The stock has a market cap of $198.71 billion, a price-to-earnings ratio of 30.16, a price-to-earnings-growth ratio of 1.69 and a beta of 1.40.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping the consensus estimate of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The firm had revenue of $25.15 billion for the quarter, compared to analysts’ expectations of $23.84 billion. During the same period in the previous year, the firm posted $2.72 EPS. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities analysts forecast that Boeing Co will post 15.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $6.84 annualized dividend and a yield of 1.88%. Boeing’s dividend payout ratio (DPR) is presently 56.81%.

BA has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Boeing from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 12th. Cowen reaffirmed a “buy” rating and issued a $430.00 target price on shares of Boeing in a research note on Friday, July 13th. Canaccord Genuity reaffirmed a “hold” rating and issued a $350.00 target price on shares of Boeing in a research note on Tuesday, July 24th. Goldman Sachs Group set a $375.00 target price on shares of Boeing and gave the stock a “neutral” rating in a research note on Wednesday, July 25th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $400.00 target price on shares of Boeing in a research note on Thursday, July 26th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $410.21.

In other Boeing news, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $350.07, for a total transaction of $1,750,350.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.24% of the company’s stock.

Boeing 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.

Further Reading: How analysts view the yield curve

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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