William Blair Investment Management LLC boosted its holdings in shares of Boeing (NYSE:BA) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 226,467 shares of the aircraft producer’s stock after buying an additional 13,540 shares during the quarter. William Blair Investment Management LLC’s holdings in Boeing were worth $66,787,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. Burt Wealth Advisors bought a new stake in Boeing during the third quarter valued at about $100,000. Stonehearth Capital Management LLC bought a new stake in Boeing during the fourth quarter valued at about $105,000. Solaris Asset Management LLC bought a new stake in Boeing during the fourth quarter valued at about $111,000. Welch Group LLC bought a new stake in Boeing during the fourth quarter valued at about $120,000. Finally, SWS Partners bought a new stake in Boeing during the fourth quarter valued at about $123,000. 69.64% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Heidi B. Capozzi sold 1,132 shares of the stock in a transaction dated 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 of the company’s stock, valued at $8,053,373.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP J Michael Luttig sold 9,000 shares of the stock in a transaction dated 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 directly 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 three months. Company insiders own 0.24% of the company’s stock.
Boeing opened at $360.09 on Friday, MarketBeat reports. Boeing has a 12-month low of $184.53 and a 12-month high of $371.60. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.15 and a quick ratio of 0.33. 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.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $22.22 billion. During the same quarter in the prior year, the business posted $2.01 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. equities analysts predict that Boeing will post 14.64 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Friday, May 11th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, May 10th. Boeing’s dividend payout ratio (DPR) is presently 56.81%.
A number of equities research analysts have issued reports on BA shares. Morgan Stanley set a $373.00 price target on shares of Boeing and gave the company a “hold” rating in a report on Thursday, March 22nd. Buckingham Research set a $289.00 price target on shares of Boeing and gave the company a “hold” rating in a report on Thursday, February 8th. Canaccord Genuity restated a “hold” rating and set a $345.00 price target (up from $290.00) on shares of Boeing in a report on Thursday, February 1st. Royal Bank of Canada restated a “hold” rating and set a $358.00 price target (down from $378.00) on shares of Boeing in a report on Friday, April 6th. Finally, Goldman Sachs Group set a $336.00 price target on shares of Boeing and gave the company a “neutral” rating in a report on Wednesday, April 25th. Seven investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $374.63.
Boeing Company 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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