Neuberger Berman Group LLC lessened its position in shares of Boeing Co (NYSE:BA) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,519,714 shares of the aircraft producer’s stock after selling 43,678 shares during the quarter. Boeing comprises 0.5% of Neuberger Berman Group LLC’s holdings, making the stock its 26th biggest position. Neuberger Berman Group LLC’s holdings in Boeing were worth $386,326,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Beach Investment Management LLC. bought a new position in shares of Boeing during the 2nd quarter worth approximately $429,000. State of Wisconsin Investment Board raised its stake in shares of Boeing by 23.2% during the 2nd quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock worth $117,989,000 after acquiring an additional 112,520 shares in the last quarter. LLBH Private Wealth Management LLC raised its stake in shares of Boeing by 3.6% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 7,670 shares of the aircraft producer’s stock worth $1,517,000 after acquiring an additional 270 shares in the last quarter. Jaffetilchin Investment Partners LLC purchased a new stake in Boeing during the 2nd quarter worth approximately $504,000. Finally, Alps Advisors Inc. grew its position in Boeing by 46.4% during the 2nd quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock worth $956,000 after purchasing an additional 1,532 shares during the last quarter. Hedge funds and other institutional investors own 70.88% of the company’s stock.
In related news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total transaction of $12,174,136.97. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.
Shares of Boeing Co (BA) opened at $353.35 on Wednesday. The company has a market cap of $208,937.59, a price-to-earnings ratio of 26.23, a PEG ratio of 1.84 and a beta of 1.44. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. Boeing Co has a twelve month low of $173.68 and a twelve month high of $361.45.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The firm had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. During the same period in the prior year, the firm posted $2.47 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. sell-side analysts predict that Boeing Co will post 14.06 earnings per share for the current fiscal year.
Boeing announced that its Board of Directors has initiated a share buyback 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 repurchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a dividend of $1.71 per share. The ex-dividend date is Thursday, February 8th. 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 yield of 1.94%. Boeing’s dividend payout ratio is 50.78%.
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Boeing Company 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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