Boeing Co (BA) Holdings Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in Boeing Co (NYSE:BA) by 3.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 240,029 shares of the aircraft producer’s stock after buying an additional 7,724 shares during the period. Teacher Retirement System of Texas’ holdings in Boeing were worth $78,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of BA. EP Wealth Advisors LLC increased its position in Boeing by 2.7% during the fourth quarter. EP Wealth Advisors LLC now owns 5,536 shares of the aircraft producer’s stock worth $1,633,000 after purchasing an additional 145 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Boeing by 2.2% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,821 shares of the aircraft producer’s stock worth $2,012,000 after purchasing an additional 146 shares during the last quarter. ProVise Management Group LLC increased its position in Boeing by 2.5% during the fourth quarter. ProVise Management Group LLC now owns 6,095 shares of the aircraft producer’s stock worth $1,797,000 after purchasing an additional 150 shares during the last quarter. Cable Hill Partners LLC increased its position in Boeing by 9.4% during the fourth quarter. Cable Hill Partners LLC now owns 1,754 shares of the aircraft producer’s stock worth $520,000 after purchasing an additional 151 shares during the last quarter. Finally, Hutchinson Capital Management CA increased its position in Boeing by 1.5% during the fourth quarter. Hutchinson Capital Management CA now owns 10,313 shares of the aircraft producer’s stock worth $3,041,000 after purchasing an additional 154 shares during the last quarter. Institutional investors and hedge funds own 69.46% of the company’s stock.

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

NYSE BA opened at $329.82 on Thursday. The company has a quick ratio of 0.33, a current ratio of 1.15 and a debt-to-equity ratio of 8.07. Boeing Co has a one year low of $196.45 and a one year high of $374.48. The company has a market capitalization of $193.01 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 1.64 and a beta of 1.38.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 25th. The aircraft producer reported $3.64 EPS 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 during the quarter, compared to analyst estimates of $22.22 billion. During the same quarter last year, the firm posted $2.01 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. equities research analysts anticipate that Boeing Co will post 14.67 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 10th will be paid a $1.71 dividend. The ex-dividend date is Thursday, August 9th. This represents a $6.84 dividend on an annualized basis and a yield of 2.07%. Boeing’s dividend payout ratio is currently 56.81%.

Several research firms recently issued reports on BA. Buckingham Research raised their price objective on shares of Boeing from $289.00 to $324.00 and gave the stock a “hold” rating in a research report on Monday, June 4th. Vetr upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating and set a $409.75 price target for the company in a research report on Thursday, March 1st. Nord/LB reiterated a “buy” rating and set a $385.00 price target on shares of Boeing in a research report on Thursday, April 26th. Societe Generale upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. Finally, Canaccord Genuity lifted their price target on shares of Boeing from $345.00 to $350.00 and gave the company a “hold” rating in a research report on Thursday, April 26th. Seven research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Boeing currently has a consensus rating of “Buy” and an average price target of $376.03.

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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