Brown Advisory Inc. boosted its position in Boeing Co (NYSE:BA) by 4.2% during the third quarter, Holdings Channel reports. The institutional investor owned 36,080 shares of the aircraft producer’s stock after acquiring an additional 1,442 shares during the quarter. Brown Advisory Inc.’s holdings in Boeing were worth $9,172,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently bought and sold shares of BA. Lipe & Dalton acquired a new position in Boeing in the 3rd quarter valued at $100,000. Burt Wealth Advisors bought a new stake in Boeing in the 3rd quarter valued at $100,000. Clear Perspective Advisors LLC increased its stake in shares of Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares during the period. Vantage Investment Advisors LLC increased its stake in shares of Boeing by 11.1% in the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after buying an additional 84 shares during the period. Finally, CWH Capital Management Inc. acquired a new position in shares of Boeing in the second quarter valued at approximately $134,000. Institutional investors and hedge funds own 70.78% of the company’s stock.
Several research firms have recently issued reports on BA. Canaccord Genuity upped their price objective on Boeing from $290.00 to $345.00 and gave the company a “hold” rating in a research note on Thursday, February 1st. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $365.00 price objective (up previously from $330.00) on shares of Boeing in a research note on Thursday, February 1st. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Royal Bank of Canada set a $363.00 price objective on Boeing and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, Cowen reaffirmed a “buy” rating and issued a $415.00 price objective on shares of Boeing in a research note on Wednesday, January 31st. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $353.24.
Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. The business had revenue of $25.37 billion during the quarter, compared to the consensus estimate of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.47 EPS. equities research analysts forecast that Boeing Co will post 14.01 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a dividend of $1.71 per share. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 annualized dividend and a dividend yield of 2.06%. Boeing’s dividend payout ratio (DPR) is 42.20%.
Boeing announced that its Board of Directors has approved a stock repurchase program on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
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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