Becker Capital Management Inc. raised its stake in Boeing Co (NYSE:BA) by 47.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,757 shares of the aircraft producer’s stock after buying an additional 2,160 shares during the period. Becker Capital Management Inc.’s holdings in Boeing were worth $1,718,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of BA. LMR Partners LLP purchased a new position in shares of Boeing during the 2nd quarter worth $4,904,000. Allegis Investment Advisors LLC purchased a new position in shares of Boeing during the 2nd quarter worth $351,000. Blair William & Co. IL grew its holdings in shares of Boeing by 4.1% during the 2nd quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock worth $31,170,000 after purchasing an additional 6,141 shares during the period. Alps Advisors Inc. grew its holdings in shares of 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 period. Finally, State of Wisconsin Investment Board grew its holdings 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 purchasing an additional 112,520 shares during the period. Institutional investors own 70.84% of the company’s stock.
Shares of Boeing Co (BA) opened at $336.21 on Friday. 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 stock has a market capitalization of $200,240.00, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.16 and a beta of 1.23. Boeing Co has a 12-month low of $156.67 and a 12-month high of $336.88.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. Boeing’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.51 EPS. equities research analysts expect that Boeing Co will post 10.14 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be given a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a yield of 2.03%. This is a positive change from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is currently 52.25%.
Boeing announced that its board has initiated a share repurchase plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of research firms have recently weighed in on BA. Credit Suisse Group reiterated an “outperform” rating and set a $375.00 price target (up from $310.00) on shares of Boeing in a report on Friday. They noted that the move was a valuation call. JPMorgan Chase & Co. increased their target price on Boeing from $325.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday. Vetr lowered Boeing from a “sell” rating to a “strong sell” rating and set a $279.35 target price on the stock. in a research note on Wednesday. Jefferies Group reissued a “buy” rating and set a $339.00 target price on shares of Boeing in a research note on Monday, January 8th. Finally, Zacks Investment Research lowered Boeing from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. Boeing has an average rating of “Hold” and a consensus price target of $280.74.
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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