Northwest Wealth Management LLC decreased its holdings in Boeing Co (NYSE:BA) by 44.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 646 shares of the aircraft producer’s stock after selling 508 shares during the quarter. Northwest Wealth Management LLC’s holdings in Boeing were worth $210,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. 1 North Wealth Services LLC acquired a new position in shares of Boeing during the third quarter valued at approximately $32,000. Atwater Malick LLC bought a new stake in Boeing during the third quarter worth approximately $39,000. Transamerica Financial Advisors Inc. bought a new stake in Boeing during the second quarter worth approximately $40,000. Veritas Investment Management LLP acquired a new stake in Boeing in the third quarter worth approximately $40,000. Finally, Selective Wealth Management Inc. acquired a new stake in Boeing in the third quarter worth approximately $44,000. Institutional investors and hedge funds own 68.42% of the company’s stock.
Several analysts have recently weighed in on BA shares. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Barclays reiterated an “equal weight” rating and issued a $353.00 price target (down from $367.00) on shares of Boeing in a research report on Monday, November 4th. UBS Group dropped their price target on shares of Boeing from $370.00 to $360.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Goldman Sachs Group reissued a “neutral” rating and issued a $324.00 price target on shares of Boeing in a report on Monday, December 9th. Finally, Jefferies Financial Group set a $420.00 price objective on shares of Boeing and gave the company a “buy” rating in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the stock. Boeing currently has an average rating of “Hold” and an average price target of $362.88.
BA stock traded up $4.39 on Tuesday, hitting $334.61. 4,107,943 shares of the company’s stock traded hands, compared to its average volume of 6,563,971. Boeing Co has a 1-year low of $319.55 and a 1-year high of $446.01. The stock has a market cap of $185.68 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 2.66 and a beta of 1.19. The stock has a fifty day moving average of $341.22 and a 200-day moving average of $354.57.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.59). Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The company had revenue of $19.98 billion during the quarter, compared to analyst estimates of $20 billion. During the same quarter in the prior year, the company posted $3.58 EPS. The firm’s quarterly revenue was down 20.5% compared to the same quarter last year. On average, equities analysts expect that Boeing Co will post 0.96 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 14th will be given a $2.055 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.46%. Boeing’s dividend payout ratio is currently 51.34%.
Boeing Company 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.
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