D.B. Root & Company LLC Purchases New Holdings in Boeing (BA)

D.B. Root & Company LLC purchased a new position in shares of Boeing (NYSE:BA) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,935 shares of the aircraft producer’s stock, valued at approximately $1,455,000. Boeing accounts for 1.2% of D.B. Root & Company LLC’s portfolio, making the stock its 20th largest holding.

A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its stake in shares of Boeing by 2.1% in the 4th quarter. BlackRock Inc. now owns 35,515,544 shares of the aircraft producer’s stock valued at $10,473,889,000 after buying an additional 713,832 shares during the period. Geode Capital Management LLC grew its stake in shares of Boeing by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 5,811,840 shares of the aircraft producer’s stock valued at $1,710,303,000 after buying an additional 296,949 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Boeing by 1.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 3,427,749 shares of the aircraft producer’s stock valued at $1,010,877,000 after buying an additional 41,260 shares during the period. Ameriprise Financial Inc. grew its stake in shares of Boeing by 13.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock valued at $870,618,000 after buying an additional 402,240 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Boeing by 3.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock valued at $965,756,000 after buying an additional 122,278 shares during the period. Hedge funds and other institutional investors own 69.64% of the company’s stock.

In other Boeing news, EVP J Michael Luttig sold 9,000 shares of Boeing stock in a transaction that occurred on Wednesday, May 9th. The shares were sold at an average price of $344.13, for a total transaction of $3,097,170.00. Following the transaction, the executive vice president now owns 27,878 shares of the company’s stock, valued at approximately $9,593,656.14. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Heidi B. Capozzi sold 1,132 shares of Boeing stock in a transaction that occurred on Thursday, May 3rd. The stock was sold at an average price of $329.84, for a total transaction of $373,378.88. Following the transaction, the senior vice president now directly owns 24,416 shares in the company, valued at approximately $8,053,373.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,373 shares of company stock worth $4,233,094. Insiders own 0.24% of the company’s stock.

Shares of NYSE BA opened at $360.09 on Friday. Boeing has a fifty-two week low of $184.53 and a fifty-two week high of $371.60. The stock has a market capitalization of $209.15 billion, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 1.78 and a beta of 1.39. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 8.07.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.59 by $1.05. Boeing had a net margin of 9.63% and a return on equity of 3,774.27%. The business had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $22.22 billion. During the same quarter last year, the firm earned $2.01 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. sell-side analysts expect that Boeing will post 14.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 11th will be given a dividend of $1.71 per share. The ex-dividend date is Thursday, May 10th. This represents a $6.84 annualized dividend and a dividend yield of 1.90%. Boeing’s dividend payout ratio is currently 56.81%.

BA has been the subject of several research reports. Morgan Stanley set a $373.00 target price on Boeing and gave the company a “hold” rating in a research note on Thursday, March 22nd. Buckingham Research set a $289.00 target price on Boeing and gave the company a “hold” rating in a research note on Thursday, February 8th. Canaccord Genuity restated a “hold” rating and issued a $345.00 target price (up from $290.00) on shares of Boeing in a research note on Thursday, February 1st. Royal Bank of Canada restated a “hold” rating and issued a $358.00 target price (down from $378.00) on shares of Boeing in a research note on Friday, April 6th. Finally, Goldman Sachs Group set a $336.00 target price on Boeing and gave the company a “neutral” rating in a research note on Wednesday, April 25th. Seven equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Boeing presently has a consensus rating of “Buy” and a consensus price target of $374.63.

Boeing 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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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