IMS Capital Management lessened its stake in shares of Boeing Co (NYSE:BA) by 13.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,317 shares of the aircraft producer’s stock after selling 497 shares during the period. Boeing comprises about 1.0% of IMS Capital Management’s holdings, making the stock its 21st biggest position. IMS Capital Management’s holdings in Boeing were worth $1,265,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of BA. Oregon Public Employees Retirement Fund increased its stake in shares of Boeing by 21,969.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock worth $125,000 after purchasing an additional 40,145,567 shares in the last quarter. Newport Trust Co increased its stake in shares of Boeing by 4.2% in the fourth quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock worth $10,801,254,000 after purchasing an additional 1,363,909 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Boeing by 33.6% in the fourth quarter. Two Sigma Advisers LP now owns 995,560 shares of the aircraft producer’s stock worth $321,068,000 after purchasing an additional 250,600 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Boeing by 3.2% in the fourth quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock worth $2,521,073,000 after purchasing an additional 245,100 shares in the last quarter. Finally, Mackay Shields LLC purchased a new position in shares of Boeing in the fourth quarter worth about $77,540,000. Institutional investors and hedge funds own 67.99% of the company’s stock.
Shares of BA opened at $347.16 on Monday. The company 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 debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29. Boeing Co has a fifty-two week low of $292.47 and a fifty-two week high of $446.01.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.05. The firm had revenue of $22.92 billion during the quarter, compared to analyst estimates of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The business’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.64 EPS. Equities research analysts expect that Boeing Co will post 14.43 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 10th were issued a $2.055 dividend. The ex-dividend date was Thursday, May 9th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.37%. Boeing’s payout ratio is 51.34%.
Several equities analysts recently commented on BA shares. Morgan Stanley boosted their price objective on shares of Boeing from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. Goldman Sachs Group set a $393.00 price objective on shares of Boeing and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Nord/LB reaffirmed a “sell” rating and set a $300.00 price objective on shares of Boeing in a research note on Wednesday, March 13th. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, March 11th. Finally, Citigroup started coverage on shares of Boeing in a research note on Wednesday, March 27th. They set a “buy” rating for the company. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $407.40.
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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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