Victory Capital Management Inc. raised its holdings in Boeing Co (NYSE:BA) by 19.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,016 shares of the aircraft producer’s stock after acquiring an additional 7,576 shares during the quarter. Victory Capital Management Inc.’s holdings in Boeing were worth $17,485,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also made changes to their positions in the business. grace capital purchased a new stake in shares of Boeing in the 2nd quarter worth $2,996,000. Krilogy Financial LLC lifted its holdings in shares of Boeing by 3.5% in the 2nd quarter. Krilogy Financial LLC now owns 6,953 shares of the aircraft producer’s stock worth $2,333,000 after buying an additional 232 shares during the period. Morse Asset Management Inc lifted its stake in shares of Boeing by 3.0% during the 2nd quarter. Morse Asset Management Inc now owns 22,919 shares of the aircraft producer’s stock worth $7,690,000 after purchasing an additional 674 shares during the last quarter. Kessler Investment Group LLC purchased a new stake in shares of Boeing during the 2nd quarter worth $1,726,000. Finally, Cumberland Partners Ltd purchased a new stake in shares of Boeing during the 2nd quarter worth $4,075,000. 69.64% of the stock is currently owned by institutional investors.
Shares of NYSE:BA opened at $323.22 on Friday. Boeing Co has a 1 year low of $279.90 and a 1 year high of $394.28. The stock has a market cap of $188.48 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30. The company has a current ratio of 1.10, a quick ratio of 0.32 and a debt-to-equity ratio of 8.07.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $0.11. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The company had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. During the same period in the prior year, the company posted $2.72 EPS. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. Research analysts expect that Boeing Co will post 15.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 9th were given a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend was Thursday, November 8th. Boeing’s dividend payout ratio is currently 56.81%.
A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. restated a “buy” rating and set a $400.00 price objective on shares of Boeing in a research note on Thursday. Tigress Financial restated a “buy” rating on shares of Boeing in a research note on Monday, November 26th. ValuEngine cut Boeing from a “buy” rating to a “hold” rating in a research note on Friday, November 16th. Cowen restated a “buy” rating and set a $445.00 price objective on shares of Boeing in a research note on Tuesday, November 13th. Finally, Jefferies Financial Group set a $420.00 price objective on Boeing and gave the stock a “buy” rating in a research note on Tuesday, November 13th. Eight research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Boeing presently has an average rating of “Buy” and a consensus target price of $410.21.
In other news, SVP Diana L. Sands sold 5,000 shares of the stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $350.07, for a total value of $1,750,350.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Jenette E. Ramos sold 1,640 shares of the stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $367.52, for a total value of $602,732.80. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.
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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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