Toronto Dominion Bank Has $57.40 Million Stake in Boeing Co (BA)

Toronto Dominion Bank lifted its holdings in shares of Boeing Co (NYSE:BA) by 10.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 225,782 shares of the aircraft producer’s stock after purchasing an additional 21,735 shares during the quarter. Toronto Dominion Bank’s holdings in Boeing were worth $57,396,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Lipe & Dalton purchased a new position in Boeing in the 3rd quarter valued at $100,000. Clear Perspective Advisors LLC raised its stake in shares of Boeing by 31.0% during the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after buying an additional 135 shares during the last quarter. CWH Capital Management Inc. acquired a new position in shares of Boeing during the 2nd quarter worth $134,000. Catamount Wealth Management acquired a new position in shares of Boeing during the 2nd quarter worth $138,000. Finally, Herndon Capital Management LLC raised its stake in shares of Boeing by 29.7% during the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock worth $142,000 after buying an additional 165 shares during the last quarter. 70.45% of the stock is currently owned by institutional investors and hedge funds.

Shares of Boeing Co (BA) traded up $10.97 during mid-day trading on Monday, reaching $343.80. The company had a trading volume of 6,881,557 shares, compared to its average volume of 6,280,000. Boeing Co has a fifty-two week low of $164.47 and a fifty-two week high of $361.45. The company has a market capitalization of $204,760.00, a PE ratio of 25.54, a P/E/G ratio of 1.83 and a beta of 1.44. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, beating the consensus estimate 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 negative return on equity of 11,050.62% and a net margin of 8.78%. Boeing’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.47 earnings per share. sell-side analysts expect that Boeing Co will post 14.01 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a $1.71 dividend. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s dividend payout ratio is currently 50.82%.

Boeing declared that its Board of Directors has approved a share buyback plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Several research analysts recently weighed in on the stock. Canaccord Genuity boosted their target price on shares of 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 restated a “market perform” rating and issued a $365.00 price target (up previously from $330.00) on shares of Boeing in a report on Thursday, February 1st. ValuEngine upgraded Boeing from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Royal Bank of Canada set a $363.00 target price on Boeing and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, Cowen reiterated a “buy” rating and set a $415.00 target price on shares of Boeing in a report on Wednesday, January 31st. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $353.24.

In other news, CFO Gregory D. Smith sold 36,079 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $337.43, for a total transaction of $12,174,136.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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