Holderness Investments Co. Has $4.73 Million Position in Boeing Co (NYSE:BA)

Holderness Investments Co. lowered its stake in shares of Boeing Co (NYSE:BA) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 12,390 shares of the aircraft producer’s stock after selling 54 shares during the quarter. Boeing makes up approximately 2.3% of Holderness Investments Co.’s portfolio, making the stock its 8th largest holding. Holderness Investments Co.’s holdings in Boeing were worth $4,726,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BA. Next Capital Management LLC purchased a new stake in Boeing during the 4th quarter valued at approximately $32,000. Proffitt & Goodson Inc. grew its holdings in Boeing by 1,371.4% during the 4th quarter. Proffitt & Goodson Inc. now owns 103 shares of the aircraft producer’s stock valued at $33,000 after buying an additional 96 shares in the last quarter. 1 North Wealth Services LLC purchased a new stake in Boeing during the 4th quarter valued at approximately $40,000. Clarfeld Financial Advisors LLC purchased a new stake in Boeing during the 4th quarter valued at approximately $40,000. Finally, Semmax Financial Advisors Inc. purchased a new stake in Boeing during the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 67.99% of the company’s stock.

Shares of NYSE:BA opened at $347.16 on Monday. The firm has a market capitalization of $195.32 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 2.15 and a beta of 1.31. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 48.98. Boeing Co has a 52 week low of $292.47 and a 52 week high of $446.01.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.05. The business had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.64 earnings per share. On average, research analysts anticipate that Boeing Co will post 14.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 10th were paid a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Thursday, May 9th. Boeing’s dividend payout ratio is presently 51.34%.

BA has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a “buy” rating and set a $430.00 target price on shares of Boeing in a research report on Thursday, April 25th. Tigress Financial reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, March 27th. Morgan Stanley increased their target price on Boeing from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, February 28th. Nord/LB reiterated a “sell” rating and set a $300.00 target price on shares of Boeing in a research report on Wednesday, March 13th. Finally, UBS Group set a $525.00 target price on Boeing and gave the company a “buy” rating in a research report on Friday, March 8th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Boeing has an average rating of “Hold” and an average price target of $407.40.

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About Boeing

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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