Kistler Tiffany Companies LLC lifted its holdings in shares of Boeing Co (NYSE:BA) by 24.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,395 shares of the aircraft producer’s stock after buying an additional 870 shares during the period. Kistler Tiffany Companies LLC’s holdings in Boeing were worth $1,117,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in BA. Clear Perspective Advisors LLC boosted its position in shares of Boeing by 31.0% during 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 last quarter. Vantage Investment Advisors LLC boosted its position in shares of Boeing by 11.1% during 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 last quarter. CWH Capital Management Inc. bought a new position in Boeing in the second quarter valued at about $134,000. Catamount Wealth Management bought a new position in Boeing in the second quarter valued at about $138,000. Finally, Herndon Capital Management LLC lifted its holdings in Boeing by 29.7% in the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after acquiring an additional 165 shares during the period. 70.84% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on BA. Credit Suisse Group reissued an “outperform” rating and issued a $375.00 target price (up previously from $310.00) on shares of Boeing in a report on Friday. They noted that the move was a valuation call. Zacks Investment Research downgraded Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Sanford C. Bernstein reissued an “outperform” rating and issued a $303.00 target price (up previously from $274.00) on shares of Boeing in a report on Wednesday, September 20th. They noted that the move was a valuation call. Vetr downgraded Boeing from a “hold” rating to a “sell” rating and set a $272.77 target price on the stock. in a report on Thursday, December 28th. Finally, ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $280.74.
Boeing Co (BA) traded up $8.09 during midday trading on Friday, hitting $336.21. The stock had a trading volume of 6,560,000 shares, compared to its average volume of 3,830,000. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. Boeing Co has a 1 year low of $156.67 and a 1 year high of $336.88. The company has a market capitalization of $200,240.00, a P/E ratio of 30.93, a P/E/G ratio of 2.16 and a beta of 1.23.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.51 earnings per share. analysts forecast that Boeing Co will post 10.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 2.03%. The ex-dividend date is Thursday, February 8th. This is an increase from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is 52.25%.
Boeing announced that its Board of Directors has initiated a stock repurchase plan on Monday, December 11th that allows the company to buyback $18.00 billion in outstanding shares. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.
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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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