Boeing Co (BA) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its holdings in Boeing Co (NYSE:BA) by 3.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 232,855 shares of the aircraft producer’s stock after selling 7,601 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Boeing were worth $59,194,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Riverpoint Wealth Management Holdings LLC lifted its position in Boeing by 0.3% in the 2nd quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after purchasing an additional 4 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in Boeing by 0.3% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after purchasing an additional 6 shares during the last quarter. Accredited Investors Inc. lifted its position in Boeing by 0.4% in the 2nd quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after purchasing an additional 6 shares during the last quarter. Silicon Valley Capital Partners lifted its position in Boeing by 0.7% in the 2nd quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock valued at $245,000 after purchasing an additional 9 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in Boeing by 0.4% in the 2nd quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock valued at $475,000 after purchasing an additional 9 shares during the last quarter. Institutional investors own 70.84% of the company’s stock.

Several equities analysts have commented on BA shares. Buckingham Research set a $203.00 target price on shares of Boeing and gave the company a “hold” rating in a research note on Thursday, December 28th. Vetr cut shares of Boeing from a “hold” rating to a “sell” rating and set a $272.77 target price on the stock. in a research note on Thursday, December 28th. Zacks Investment Research cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Sanford C. Bernstein reissued an “outperform” rating and set a $303.00 target price (up previously from $274.00) on shares of Boeing in a research note on Wednesday, September 20th. They noted that the move was a valuation call. Finally, ValuEngine cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the stock. Boeing presently has a consensus rating of “Hold” and an average price target of $274.67.

Boeing Co (NYSE:BA) opened at $296.67 on Friday. The stock has a market cap of $176,690.00, a P/E ratio of 27.29, a PEG ratio of 2.08 and a beta of 1.23. 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 52 week low of $156.67 and a 52 week high of $299.33.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.51 EPS. research analysts expect that Boeing Co will post 10.11 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a $1.71 dividend. The ex-dividend date is Thursday, February 8th. This represents a $6.84 annualized dividend and a dividend yield of 2.31%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is currently 52.25%.

Boeing declared that its Board of Directors has initiated a stock buyback program on Monday, December 11th that allows the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization allows the aircraft producer to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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About Boeing

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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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