American Century Companies Inc. decreased its position in shares of Boeing Co (NYSE:BA) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,847,474 shares of the aircraft producer’s stock after selling 61,018 shares during the period. Boeing makes up approximately 1.0% of American Century Companies Inc.’s investment portfolio, making the stock its 9th biggest position. American Century Companies Inc. owned 0.50% of Boeing worth $918,310,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of BA. Pinnacle Associates Ltd. lifted its holdings in shares of Boeing by 15.1% in the 4th quarter. Pinnacle Associates Ltd. now owns 74,661 shares of the aircraft producer’s stock valued at $24,078,000 after acquiring an additional 9,787 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Boeing by 31.0% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 2,237 shares of the aircraft producer’s stock valued at $722,000 after acquiring an additional 529 shares during the last quarter. Schulhoff & Co. Inc. lifted its holdings in shares of Boeing by 8.9% in the 4th quarter. Schulhoff & Co. Inc. now owns 1,840 shares of the aircraft producer’s stock valued at $593,000 after acquiring an additional 150 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Boeing by 47.2% in the 4th quarter. First Trust Advisors LP now owns 169,587 shares of the aircraft producer’s stock valued at $54,692,000 after acquiring an additional 54,407 shares during the last quarter. Finally, Intercontinental Wealth Advisors LLC lifted its holdings in shares of Boeing by 8.9% in the 4th quarter. Intercontinental Wealth Advisors LLC now owns 744 shares of the aircraft producer’s stock valued at $240,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 69.85% of the company’s stock.
Shares of NYSE BA opened at $354.67 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 48.98. The stock has a market capitalization of $199.55 billion, a price-to-earnings ratio of 22.15, a PEG ratio of 2.18 and a beta of 1.30. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.11 by $0.05. The business had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.64 earnings per share. On average, sell-side analysts predict that Boeing Co will post 14.52 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 10th will be paid a $2.055 dividend. This represents a $8.22 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, May 9th. Boeing’s payout ratio is currently 51.34%.
In other news, EVP J Michael Luttig sold 8,500 shares of Boeing stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $410.46, for a total transaction of $3,488,910.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Theodore Colbert III sold 2,137 shares of Boeing stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $408.85, for a total transaction of $873,712.45. The disclosure for this sale can be found here. In the last three months, insiders sold 13,553 shares of company stock valued at $5,560,632. 0.23% of the stock is owned by insiders.
A number of research analysts recently commented on BA shares. TheStreet downgraded shares of Boeing from an “a+” rating to a “c+” rating in a report on Wednesday, April 24th. Berenberg Bank set a $430.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Thursday, April 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $440.00 price target on shares of Boeing in a report on Friday, April 12th. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $410.82.
ILLEGAL ACTIVITY NOTICE: This article was originally published by American Banking News and is the property of of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2019/05/12/boeing-co-ba-shares-sold-by-american-century-companies-inc.html.
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.
Featured Story: What are momentum indicators and what do they show?
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.