BBR Partners LLC trimmed its holdings in shares of Boeing Co (NYSE:BA) by 14.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,564 shares of the aircraft producer’s stock after selling 775 shares during the quarter. Boeing accounts for approximately 0.2% of BBR Partners LLC’s investment portfolio, making the stock its 19th largest holding. BBR Partners LLC’s holdings in Boeing were worth $903,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC increased its stake in shares of Boeing by 18,613.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after buying an additional 1,334,957 shares during the period. AQR Capital Management LLC increased its stake in shares of Boeing by 66.5% during the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after buying an additional 1,049,546 shares during the period. Principal Financial Group Inc. increased its stake in shares of Boeing by 63.7% during the second quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock valued at $285,303,000 after buying an additional 561,343 shares during the period. Vanguard Group Inc. increased its stake in shares of Boeing by 1.0% during the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after buying an additional 407,511 shares during the period. Finally, Bank of Nova Scotia increased its stake in shares of Boeing by 181.0% during the first quarter. Bank of Nova Scotia now owns 609,760 shares of the aircraft producer’s stock valued at $107,843,000 after buying an additional 392,786 shares during the period. Institutional investors and hedge funds own 70.84% of the company’s stock.
Several equities analysts have recently commented on BA shares. Canaccord Genuity raised their price target on Boeing from $245.00 to $250.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. JPMorgan Chase & Co. set a $325.00 target price on Boeing and gave the company a “buy” rating in a research note on Tuesday, December 12th. Vetr lowered Boeing from a “hold” rating to a “sell” rating and set a $253.54 target price on the stock. in a research note on Thursday, October 12th. Jefferies Group boosted their price target on Boeing from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, September 22nd. Finally, Cowen restated a “buy” rating and set a $320.00 price target on shares of Boeing in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $272.81.
Shares of Boeing Co (BA) traded down $1.44 on Friday, hitting $294.91. The company had a trading volume of 1,813,300 shares, compared to its average volume of 3,484,795. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. The stock has a market capitalization of $176,499.69, a PE ratio of 27.11, a price-to-earnings-growth ratio of 2.25 and a beta of 1.24. Boeing Co has a 52-week low of $154.96 and a 52-week high of $299.33.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.51 EPS. sell-side analysts predict that Boeing Co will post 10.11 EPS for the current year.
Boeing declared that its Board of Directors has approved a stock buyback plan 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 plans are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared 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. This represents a $6.84 annualized dividend and a dividend yield of 2.32%. The ex-dividend date is Thursday, February 8th. This is a positive change from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio is 52.21%.
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Boeing Company Profile
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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