Boeing Co (BA) Shares Bought by Willingdon Wealth Management

Willingdon Wealth Management boosted its position in shares of Boeing Co (NYSE:BA) by 24.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,120 shares of the aircraft producer’s stock after purchasing an additional 223 shares during the period. Willingdon Wealth Management’s holdings in Boeing were worth $417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. Capital Advantage Inc. increased its stake in Boeing by 33.1% in the third quarter. Capital Advantage Inc. now owns 1,134 shares of the aircraft producer’s stock valued at $422,000 after acquiring an additional 282 shares during the period. Parallel Advisors LLC increased its stake in Boeing by 6.1% in the third quarter. Parallel Advisors LLC now owns 5,579 shares of the aircraft producer’s stock valued at $2,075,000 after acquiring an additional 319 shares during the period. Signition LP bought a new stake in Boeing in the third quarter valued at about $226,000. Victory Capital Management Inc. increased its stake in Boeing by 19.2% in the third quarter. Victory Capital Management Inc. now owns 47,016 shares of the aircraft producer’s stock valued at $17,485,000 after acquiring an additional 7,576 shares during the period. Finally, JNBA Financial Advisors increased its stake in Boeing by 192.0% in the third quarter. JNBA Financial Advisors now owns 917 shares of the aircraft producer’s stock valued at $341,000 after acquiring an additional 603 shares during the period. Hedge funds and other institutional investors own 69.64% of the company’s stock.

In other news, SVP Jenette E. Ramos sold 1,640 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $367.52, for a total transaction of $602,732.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Diana L. Sands sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $407.00 target price on the stock in a research note on Friday, October 26th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $400.00 target price on shares of Boeing in a research note on Thursday. Jefferies Financial Group upped their target price on shares of Boeing from $415.00 to $420.00 and gave the company a “buy” rating in a research note on Thursday, October 25th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, September 19th. Finally, Tigress Financial reissued a “buy” rating on shares of Boeing in a research note on Monday, November 26th. Eight research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $410.21.

NYSE:BA opened at $323.22 on Friday. The stock has a market capitalization of $188.48 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.65 and a beta of 1.30. Boeing Co has a 12 month low of $279.90 and a 12 month high of $394.28. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, beating the Zacks’ consensus estimate of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The firm had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. During the same period in the previous year, the business earned $2.72 earnings per share. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. Research analysts predict that Boeing Co will post 15.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 7th. Stockholders of record on Friday, November 9th were given a dividend of $1.71 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.12%. Boeing’s payout ratio is 56.81%.

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Boeing Profile

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.

Further Reading: Bond

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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