NEXT Financial Group Inc reduced its position in Boeing Co (NYSE:BA) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,098 shares of the aircraft producer’s stock after selling 77 shares during the period. NEXT Financial Group Inc’s holdings in Boeing were worth $1,661,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Capital Wealth Advisors lifted its position in Boeing by 0.4% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 6,730 shares of the aircraft producer’s stock worth $2,560,000 after acquiring an additional 29 shares in the last quarter. Pflug Koory LLC grew its position in Boeing by 0.6% in the third quarter. Pflug Koory LLC now owns 5,398 shares of the aircraft producer’s stock valued at $2,054,000 after acquiring an additional 30 shares in the last quarter. LeJeune Puetz Investment Counsel LLC raised its stake in shares of Boeing by 0.3% during the third quarter. LeJeune Puetz Investment Counsel LLC now owns 10,904 shares of the aircraft producer’s stock valued at $4,149,000 after purchasing an additional 30 shares during the period. Lesa Sroufe & Co raised its stake in shares of Boeing by 2.4% during the third quarter. Lesa Sroufe & Co now owns 1,292 shares of the aircraft producer’s stock valued at $492,000 after purchasing an additional 30 shares during the period. Finally, OLD Dominion Capital Management Inc. lifted its position in shares of Boeing by 0.8% during the third quarter. OLD Dominion Capital Management Inc. now owns 3,587 shares of the aircraft producer’s stock worth $1,365,000 after purchasing an additional 30 shares in the last quarter. 68.88% of the stock is owned by hedge funds and other institutional investors.
BA opened at $313.37 on Wednesday. The company has a market capitalization of $182.43 billion, a P/E ratio of 48.06, a PEG ratio of 2.72 and a beta of 1.19. The company has a 50-day moving average of $334.53 and a 200-day moving average of $353.08. Boeing Co has a 1-year low of $305.75 and a 1-year high of $446.01.
Boeing (NYSE:BA) last issued its quarterly 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). The company had revenue of $19.98 billion for the quarter, compared to the consensus estimate of $20 billion. Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The business’s revenue for the quarter was down 20.5% on a year-over-year basis. During the same period in the previous year, the business posted $3.58 EPS. As a group, sell-side analysts expect that Boeing Co will post 0.76 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 14th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Thursday, February 13th. Boeing’s dividend payout ratio is currently 51.34%.
A number of research firms recently weighed in on BA. Berenberg Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and lowered their price target for the company from $410.00 to $350.00 in a report on Thursday, January 9th. Buckingham Research reiterated a “hold” rating and issued a $365.00 price objective (down previously from $395.00) on shares of Boeing in a report on Tuesday, October 29th. Vertical Research cut shares of Boeing from a “buy” rating to a “hold” rating and decreased their price objective for the company from $388.00 to $294.00 in a research report on Wednesday. UBS Group decreased their price objective on shares of Boeing from $370.00 to $360.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Citigroup lowered their target price on Boeing from $430.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $354.51.
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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