M Holdings Securities Inc. raised its holdings in shares of Boeing Co (NYSE:BA) by 58.8% in the 1st quarter, HoldingsChannel reports. The fund owned 6,293 shares of the aircraft producer’s stock after purchasing an additional 2,330 shares during the period. M Holdings Securities Inc.’s holdings in Boeing were worth $2,400,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the business. Pinnacle Associates Ltd. increased its position in shares of Boeing by 15.1% during the fourth quarter. Pinnacle Associates Ltd. now owns 74,661 shares of the aircraft producer’s stock worth $24,078,000 after acquiring an additional 9,787 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in Boeing by 31.0% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 2,237 shares of the aircraft producer’s stock worth $722,000 after purchasing an additional 529 shares during the last quarter. Schulhoff & Co. Inc. lifted its stake in shares of Boeing by 8.9% during the fourth quarter. Schulhoff & Co. Inc. now owns 1,840 shares of the aircraft producer’s stock worth $593,000 after buying an additional 150 shares during the period. First Trust Advisors LP lifted its stake in shares of Boeing by 47.2% during the fourth quarter. First Trust Advisors LP now owns 169,587 shares of the aircraft producer’s stock worth $54,692,000 after buying an additional 54,407 shares during the period. Finally, Intercontinental Wealth Advisors LLC lifted its stake in shares of Boeing by 8.9% during the fourth quarter. Intercontinental Wealth Advisors LLC now owns 744 shares of the aircraft producer’s stock worth $240,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 67.99% of the company’s stock.
Shares of NYSE BA opened at $347.16 on Monday. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01. The stock has a market cap of $195.32 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.15 and a beta of 1.31. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.05. The company had revenue of $22.92 billion during the quarter, compared to analysts’ expectations of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. Boeing’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.64 EPS. As a group, equities analysts forecast that Boeing Co will post 14.43 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 10th were issued a $2.055 dividend. The ex-dividend date of this dividend was Thursday, May 9th. This represents a $8.22 annualized dividend and a yield of 2.37%. Boeing’s payout ratio is 51.34%.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Boeing from a “strong sell” rating to a “hold” rating and set a $301.00 price objective for the company in a research note on Monday, June 10th. Goldman Sachs Group restated a “neutral” rating and set a $396.00 target price on shares of Boeing in a research report on Friday. Berenberg Bank restated a “buy” rating and set a $415.00 target price on shares of Boeing in a research report on Thursday. Cowen restated a “buy” rating and set a $460.00 target price on shares of Boeing in a research report on Monday, April 8th. Finally, ValuEngine downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $407.40.
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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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