Premier Asset Management LLC increased its position in Boeing Co (NYSE:BA) by 0.5% during the third quarter, Holdings Channel reports. The institutional investor owned 58,886 shares of the aircraft producer’s stock after acquiring an additional 265 shares during the period. Boeing comprises 3.4% of Premier Asset Management LLC’s investment portfolio, making the stock its 5th biggest position. Premier Asset Management LLC’s holdings in Boeing were worth $14,969,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. LMR Partners LLP acquired a new position in Boeing in the second quarter worth approximately $4,904,000. Allegis Investment Advisors LLC acquired a new position in Boeing during the second quarter valued at approximately $351,000. Blair William & Co. IL grew its holdings in Boeing by 4.1% during the second quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock valued at $31,170,000 after purchasing an additional 6,141 shares during the last quarter. Alps Advisors Inc. grew its holdings in Boeing by 46.4% during the second quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock valued at $956,000 after purchasing an additional 1,532 shares during the last quarter. Finally, State of Wisconsin Investment Board grew its holdings in Boeing by 23.2% during the second quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock valued at $117,989,000 after purchasing an additional 112,520 shares during the last quarter. Hedge funds and other institutional investors own 70.45% of the company’s stock.
Several equities analysts have commented on the company. Vetr upgraded Boeing from a “sell” rating to a “hold” rating and set a $288.75 price target on the stock in a report on Monday, December 11th. Berenberg Bank set a $395.00 price target on Boeing and gave the company a “buy” rating in a report on Monday, January 29th. Cowen reiterated a “buy” rating and set a $315.00 price target on shares of Boeing in a report on Thursday, October 26th. Buckingham Research reiterated a “hold” rating and set a $203.00 price target on shares of Boeing in a report on Friday, December 22nd. Finally, Nord/LB set a $250.00 price target on Boeing and gave the company a “neutral” rating in a report on Thursday, November 2nd. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $353.24.
Boeing Co (NYSE:BA) opened at $355.04 on Friday. The company has a market capitalization of $208,937.48, a price-to-earnings ratio of 29.39, a P/E/G ratio of 1.84 and a beta of 1.44. Boeing Co has a 12-month low of $170.40 and a 12-month high of $361.45. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, topping the consensus estimate of $2.91 by $1.89. The firm had revenue of $25.37 billion during the quarter, compared to analysts’ expectations of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. Boeing’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $2.47 earnings per share. analysts predict that Boeing Co will post 14.06 EPS for the current 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 a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio (DPR) is 50.78%.
Boeing declared that its Board of Directors has approved a stock repurchase program on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
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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