Gradient Capital Advisors LLC decreased its holdings in shares of Boeing Co (NYSE:BA) by 25.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,383 shares of the aircraft producer’s stock after selling 799 shares during the period. Gradient Capital Advisors LLC’s holdings in Boeing were worth $776,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of BA. 1 North Wealth Services LLC bought a new position in Boeing during the 3rd quarter worth about $32,000. Atwater Malick LLC bought a new position in Boeing in the 3rd quarter valued at about $39,000. Veritas Investment Management LLP bought a new position in Boeing in the 3rd quarter valued at about $40,000. Transamerica Financial Advisors Inc. bought a new position in shares of Boeing during the second quarter worth approximately $40,000. Finally, Selective Wealth Management Inc. bought a new position in shares of Boeing during the third quarter worth approximately $44,000. Institutional investors own 68.42% of the company’s stock.
Several research analysts have recently commented on the stock. UBS Group lowered their target price on shares of Boeing from $370.00 to $360.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Cowen cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $419.00 to $371.00 in a report on Wednesday, January 8th. Longbow Research assumed coverage on shares of Boeing in a report on Tuesday, January 7th. They set an “underperform” rating and a $300.00 target price on the stock. Goldman Sachs Group reaffirmed a “neutral” rating and set a $324.00 target price on shares of Boeing in a report on Monday, December 9th. Finally, Barclays reaffirmed an “equal weight” rating and set a $353.00 target price (down from $367.00) on shares of Boeing in a report on Monday, November 4th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $362.88.
Shares of NYSE:BA opened at $329.80 on Thursday. The company’s 50 day simple moving average is $339.54 and its 200 day simple moving average is $354.15. The stock has a market capitalization of $187.04 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 2.68 and a beta of 1.19. Boeing Co has a 1 year low of $319.55 and a 1 year high of $446.01.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.59). The firm had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The business’s revenue was down 20.5% compared to the same quarter last year. During the same period last year, the business earned $3.58 earnings per share. As a group, sell-side analysts predict that Boeing Co will post 0.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 14th will be paid a $2.055 dividend. The ex-dividend date is Thursday, February 13th. This represents a $8.22 dividend on an annualized basis and a yield of 2.49%. Boeing’s dividend payout ratio (DPR) is 51.34%.
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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