Mosaic Family Wealth LLC lifted its holdings in Boeing Co (NYSE:BA) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,829 shares of the aircraft producer’s stock after purchasing an additional 210 shares during the quarter. Mosaic Family Wealth LLC’s holdings in Boeing were worth $465,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of BA. Janus Henderson Group PLC boosted its position in Boeing by 7,215.0% during the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after acquiring an additional 4,852,679 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in Boeing by 18,613.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock worth $6,787,000 after acquiring an additional 1,334,957 shares during the last quarter. AQR Capital Management LLC boosted its position in Boeing by 66.5% during the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after acquiring an additional 1,049,546 shares during the last quarter. Koch Industries Inc. boosted its position in Boeing by 61,128.7% during the 2nd quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after acquiring an additional 848,467 shares during the last quarter. Finally, APG Asset Management N.V. boosted its position in Boeing by 87.8% during the 3rd quarter. APG Asset Management N.V. now owns 1,382,727 shares of the aircraft producer’s stock worth $351,503,000 after acquiring an additional 646,500 shares during the last quarter. Institutional investors and hedge funds own 70.84% of the company’s stock.
Boeing Co (BA) opened at $294.91 on Monday. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The firm has a market capitalization of $176,500.00, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. Boeing Co has a 12-month low of $154.96 and a 12-month high of $299.33.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be given a dividend of $1.71 per share. This is a boost from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 2.32%. Boeing’s dividend payout ratio (DPR) is presently 52.25%.
Boeing declared that its board has authorized a stock repurchase program on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms have weighed in on BA. Vetr downgraded Boeing from a “hold” rating to a “sell” rating and set a $272.77 price target for the company. in a research report on Thursday. Buckingham Research set a $203.00 price target on Boeing and gave the stock a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. set a $325.00 price objective on Boeing and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Cowen reiterated a “buy” rating and set a $320.00 price objective on shares of Boeing in a research note on Monday, December 11th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $290.00 price objective (up previously from $270.00) on shares of Boeing in a research note on Tuesday, December 12th. One analyst has rated the stock with a sell rating, ten have given a hold rating and thirteen have issued a buy rating to the stock. Boeing currently has an average rating of “Buy” and an average price target of $272.81.
The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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