EP Wealth Advisors LLC increased its stake in shares of Boeing Co (NYSE:BA) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,188 shares of the aircraft producer’s stock after acquiring an additional 384 shares during the quarter. EP Wealth Advisors LLC’s holdings in Boeing were worth $1,026,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Buckingham Asset Management LLC lifted its stake in shares of Boeing by 0.5% in the first quarter. Buckingham Asset Management LLC now owns 13,965 shares of the aircraft producer’s stock valued at $2,470,000 after buying an additional 65 shares in the last quarter. Heritage Trust Co bought a new position in shares of Boeing in the first quarter valued at $361,000. Outfitter Advisors LTD. lifted its stake in shares of Boeing by 20.9% in the first quarter. Outfitter Advisors LTD. now owns 4,052 shares of the aircraft producer’s stock valued at $717,000 after buying an additional 700 shares in the last quarter. Pitcairn Co. lifted its stake in shares of Boeing by 93.9% in the first quarter. Pitcairn Co. now owns 7,048 shares of the aircraft producer’s stock valued at $1,246,000 after buying an additional 3,413 shares in the last quarter. Finally, Ffcm LLC lifted its stake in shares of Boeing by 6.9% in the first quarter. Ffcm LLC now owns 38,380 shares of the aircraft producer’s stock valued at $6,788,000 after buying an additional 2,490 shares in the last quarter. 70.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of Boeing Co (BA) opened at $291.84 on Thursday. The company has a market cap of $172,619.48, a PE ratio of 29.73, a PEG ratio of 2.21 and a beta of 1.24. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Co has a 1-year low of $153.06 and a 1-year high of $295.85.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. During the same quarter last year, the company posted $3.51 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. sell-side analysts expect that Boeing Co will post 10.1 EPS for the current year.
Boeing announced that its board has initiated a share repurchase program on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
The business also recently disclosed 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. This represents a $6.84 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Thursday, February 8th. This is an increase from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is 52.21%.
BA has been the topic of a number of recent research reports. Vetr lowered shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price objective on the stock. in a research note on Wednesday, August 16th. Morgan Stanley set a $260.00 price objective on shares of Boeing and gave the company a “hold” rating in a research note on Thursday, August 17th. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “strong-buy” rating and set a $271.00 price objective on the stock in a research note on Tuesday, August 22nd. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Cowen reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Boeing in a research note on Tuesday, September 12th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $266.73.
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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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