1ST Source Bank Has $4.91 Million Stake in Boeing Co (BA)

1ST Source Bank decreased its holdings in shares of Boeing Co (NYSE:BA) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,190 shares of the aircraft producer’s stock after selling 240 shares during the quarter. 1ST Source Bank’s holdings in Boeing were worth $4,906,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BA. Cornerstone Wealth Management LLC grew its position in shares of Boeing by 33,433.9% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 2,409,747 shares of the aircraft producer’s stock worth $7,169,000 after buying an additional 2,402,561 shares during the period. Janus Henderson Group PLC boosted its stake in Boeing by 23.3% during the 2nd quarter. Janus Henderson Group PLC now owns 5,928,288 shares of the aircraft producer’s stock worth $1,989,009,000 after acquiring an additional 1,121,675 shares during the last quarter. FMR LLC boosted its stake in Boeing by 16.0% during the 2nd quarter. FMR LLC now owns 7,415,662 shares of the aircraft producer’s stock worth $2,488,029,000 after acquiring an additional 1,023,959 shares during the last quarter. Boston Partners bought a new position in Boeing during the 2nd quarter worth approximately $328,421,000. Finally, Fred Alger Management Inc. boosted its stake in Boeing by 85.0% during the 2nd quarter. Fred Alger Management Inc. now owns 1,134,934 shares of the aircraft producer’s stock worth $380,782,000 after acquiring an additional 521,442 shares during the last quarter. Institutional investors own 69.64% of the company’s stock.

Shares of BA opened at $342.50 on Thursday. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.32 and a current ratio of 1.10. Boeing Co has a twelve month low of $274.01 and a twelve month high of $394.28. The company has a market capitalization of $196.92 billion, a price-to-earnings ratio of 28.45, a P/E/G ratio of 1.79 and a beta of 1.30.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, beating the Zacks’ 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 analyst estimates of $23.84 billion. During the same quarter in the previous year, the firm posted $2.72 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. Analysts anticipate that Boeing Co will post 15.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Thursday, November 8th. Boeing’s payout ratio is currently 56.81%.

Several research analysts recently weighed in on BA shares. Societe Generale set a $409.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, October 25th. Jefferies Financial Group lifted their price objective on shares of Boeing from $415.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, October 25th. Cowen reissued a “buy” rating and set a $445.00 price objective on shares of Boeing in a research note on Monday, October 1st. Berenberg Bank reissued a “buy” rating and set a $430.00 price objective on shares of Boeing in a research note on Monday, September 3rd. Finally, UBS Group started coverage on shares of Boeing in a research note on Wednesday, August 15th. They set a “buy” rating and a $515.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Boeing currently has an average rating of “Buy” and an average price target of $410.21.

In other Boeing news, SVP Diana L. Sands sold 5,000 shares of Boeing stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jenette E. Ramos sold 1,640 shares of Boeing stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $367.52, for a total transaction of $602,732.80. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

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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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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