Public Sector Pension investment Board decreased its holdings in Boeing Company (The) (NYSE:BA) by 50.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,051 shares of the aircraft producer’s stock after selling 65,600 shares during the quarter. Public Sector Pension investment Board’s holdings in Boeing were worth $12,666,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of BA. Buckingham Asset Management LLC raised its holdings in 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 acquiring an additional 65 shares in the last quarter. Heritage Trust Co acquired a new stake in Boeing in the first quarter valued at approximately $361,000. Outfitter Advisors LTD. raised its holdings in Boeing by 20.9% during the first quarter. Outfitter Advisors LTD. now owns 4,052 shares of the aircraft producer’s stock worth $717,000 after purchasing an additional 700 shares in the last quarter. Pitcairn Co. raised its holdings in Boeing by 93.9% during the first quarter. Pitcairn Co. now owns 7,048 shares of the aircraft producer’s stock worth $1,246,000 after purchasing an additional 3,413 shares in the last quarter. Finally, Ffcm LLC raised its holdings in Boeing by 6.9% during the first quarter. Ffcm LLC now owns 38,380 shares of the aircraft producer’s stock worth $6,788,000 after purchasing an additional 2,490 shares in the last quarter. 70.81% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on BA shares. Royal Bank Of Canada set a $290.00 price objective on shares of Boeing and gave the stock a “hold” rating in a report on Wednesday, November 15th. Canaccord Genuity reissued a “hold” rating and set a $235.00 price objective (up previously from $215.00) on shares of Boeing in a report on Sunday, September 17th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $289.00 price objective on the stock in a report on Tuesday, October 10th. Finally, Argus reissued a “buy” rating and set a $290.00 price objective (up previously from $270.00) on shares of Boeing in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $257.81.
Boeing Company (BA) opened at $275.54 on Wednesday. The company has a market cap of $165,535.09, a price-to-earnings ratio of 28.51, a PEG ratio of 2.12 and a beta of 1.24. Boeing Company has a 1-year low of $150.02 and a 1-year high of $281.83. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. The business 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 company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.51 EPS. analysts predict that Boeing Company will post 10.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 10th were issued a $1.42 dividend. The ex-dividend date was Thursday, November 9th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.06%. Boeing’s payout ratio is 52.21%.
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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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