Capital International Investors trimmed its holdings in Boeing Co (NYSE:BA) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,008,003 shares of the aircraft producer’s stock after selling 194,799 shares during the period. Boeing accounts for approximately 1.5% of Capital International Investors’ holdings, making the stock its 14th largest holding. Capital International Investors’ holdings in Boeing were worth $1,273,084,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Premier Asset Management LLC lifted its stake in shares of Boeing by 0.5% in the 3rd quarter. Premier Asset Management LLC now owns 58,886 shares of the aircraft producer’s stock valued at $14,969,000 after purchasing an additional 265 shares in the last quarter. Caxton Associates LP lifted its stake in shares of Boeing by 1,059.4% in the 3rd quarter. Caxton Associates LP now owns 37,100 shares of the aircraft producer’s stock valued at $9,431,000 after purchasing an additional 33,900 shares in the last quarter. Vident Investment Advisory LLC acquired a new position in shares of Boeing in the 3rd quarter valued at about $642,000. LifePlan Financial Group Inc acquired a new position in shares of Boeing in the 3rd quarter valued at about $278,000. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Boeing by 107.2% in the 3rd quarter. Alyeska Investment Group L.P. now owns 17,891 shares of the aircraft producer’s stock valued at $4,548,000 after purchasing an additional 9,255 shares in the last quarter. 70.88% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Gregory D. Smith sold 36,079 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.
Shares of Boeing Co (NYSE:BA) opened at $355.04 on Monday. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74. Boeing Co has a twelve month low of $170.40 and a twelve month high of $361.45. The stock has a market capitalization of $208,937.59, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 1.84 and a beta of 1.44.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The company had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. During the same period in the previous year, the business earned $2.47 EPS. Boeing’s revenue for the quarter was up 8.9% compared to the same quarter last year. equities analysts anticipate that Boeing Co will post 14.06 earnings per share for the current fiscal year.
Boeing announced that its Board of Directors has authorized a share buyback plan on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.93%. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. Boeing’s payout ratio is 50.78%.
BA has been the topic of several research analyst reports. Sanford C. Bernstein lifted their price objective on Boeing from $402.00 to $422.00 in a research note on Friday, February 2nd. Argus reaffirmed a “buy” rating and issued a $290.00 price objective (up from $270.00) on shares of Boeing in a research note on Friday, October 27th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $300.00 price objective on shares of Boeing in a research note on Thursday, October 26th. Cowen reaffirmed a “buy” rating and issued a $315.00 price objective on shares of Boeing in a research note on Thursday, October 26th. Finally, Jefferies Group lifted their price objective on Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Boeing currently has a consensus rating of “Buy” and a consensus target price of $353.24.
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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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