Roof Eidam & Maycock ADV raised its stake in shares of Boeing Co (NYSE:BA) by 71.2% during the fourth quarter, HoldingsChannel reports. The fund owned 1,780 shares of the aircraft producer’s stock after acquiring an additional 740 shares during the quarter. Roof Eidam & Maycock ADV’s holdings in Boeing were worth $580,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Boeing by 7.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock worth $13,009,918,000 after acquiring an additional 2,607,364 shares during the period. BlackRock Inc. increased its stake in Boeing by 0.8% during the 2nd quarter. BlackRock Inc. now owns 34,081,637 shares of the aircraft producer’s stock valued at $12,406,056,000 after buying an additional 264,410 shares during the period. Morgan Stanley increased its stake in Boeing by 0.3% during the 2nd quarter. Morgan Stanley now owns 4,204,338 shares of the aircraft producer’s stock valued at $1,530,420,000 after buying an additional 13,642 shares during the period. Nuveen Asset Management LLC increased its stake in Boeing by 1,774.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,149,922 shares of the aircraft producer’s stock valued at $1,510,613,000 after buying an additional 3,928,546 shares during the period. Finally, Johanson Financial Advisors Inc. increased its stake in Boeing by 35,366.3% during the 4th quarter. Johanson Financial Advisors Inc. now owns 2,840,145 shares of the aircraft producer’s stock valued at $8,716,000 after buying an additional 2,832,137 shares during the period. Hedge funds and other institutional investors own 68.42% of the company’s stock.
Several research firms have commented on BA. Credit Suisse Group reissued a “neutral” rating and set a $324.00 target price on shares of Boeing in a research note on Wednesday, January 8th. UBS Group lowered their target price on shares of Boeing from $370.00 to $360.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Robert W. Baird lowered their target price on shares of Boeing from $342.00 to $322.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 17th. Finally, JPMorgan Chase & Co. set a $370.00 target price on shares of Boeing and gave the company a “buy” rating in a research note on Tuesday, December 17th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. Boeing has a consensus rating of “Hold” and an average target price of $361.97.
Shares of BA traded down $2.90 during midday trading on Friday, hitting $329.10. The stock had a trading volume of 168,478 shares, compared to its average volume of 5,691,366. Boeing Co has a fifty-two week low of $319.55 and a fifty-two week high of $446.01. The business has a 50-day simple moving average of $338.82 and a two-hundred day simple moving average of $353.99. The firm has a market cap of $187.04 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 2.68 and a beta of 1.19.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.59). Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The firm had revenue of $19.98 billion during the quarter, compared to analyst estimates of $20 billion. During the same quarter in the previous year, the business earned $3.58 earnings per share. The business’s quarterly revenue was down 20.5% compared to the same quarter last year. On average, equities analysts anticipate that Boeing Co will post 0.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 14th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Thursday, February 13th. Boeing’s payout ratio is 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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