Boeing Co (BA) Stake Decreased by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its holdings in Boeing Co (NYSE:BA) by 11.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,093 shares of the aircraft producer’s stock after selling 4,034 shares during the quarter. Copeland Capital Management LLC’s holdings in Boeing were worth $7,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Clear Perspective Advisors LLC grew its holdings in shares of Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after acquiring an additional 135 shares during the period. CWH Capital Management Inc. bought a new stake in shares of Boeing in the second quarter worth $134,000. Catamount Wealth Management bought a new stake in shares of Boeing in the second quarter worth $138,000. Herndon Capital Management LLC grew its holdings in shares of Boeing by 29.7% in the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock worth $142,000 after acquiring an additional 165 shares during the period. Finally, Acrospire Investment Management LLC grew its holdings in shares of Boeing by 14.3% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the aircraft producer’s stock worth $158,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 70.84% of the company’s stock.

Shares of Boeing Co (BA) opened at $294.91 on Tuesday. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. The company has a market capitalization of $176,500.00, a PE ratio of 27.13, a P/E/G ratio of 2.24 and a beta of 1.24. Boeing Co has a 52-week low of $154.96 and a 52-week high of $299.33.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.51 earnings per share. analysts anticipate that Boeing Co will post 10.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be given a $1.71 dividend. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s payout ratio is currently 52.25%.

Boeing announced that its board has approved a share repurchase program on Monday, December 11th that permits the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Several analysts have issued reports on BA shares. Jefferies Group reissued a “buy” rating and set a $275.00 price target on shares of Boeing in a report on Saturday, September 16th. Deutsche Bank boosted their price target on Boeing to $300.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Vetr lowered Boeing from a “strong-buy” rating to a “buy” rating and set a $269.69 price target for the company. in a report on Wednesday, September 13th. Cowen reissued a “buy” rating and set a $300.00 price target on shares of Boeing in a report on Tuesday, September 12th. Finally, Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $286.00 price target for the company in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $272.81.

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Boeing Profile

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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