Curbstone Financial Management Corp reduced its position in Boeing Co (NYSE:BA) by 18.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,650 shares of the aircraft producer’s stock after selling 610 shares during the quarter. Curbstone Financial Management Corp’s holdings in Boeing were worth $1,011,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its stake in shares of Boeing by 21,969.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock valued at $125,000 after purchasing an additional 40,145,567 shares in the last quarter. Newport Trust Co boosted its stake in shares of Boeing by 4.2% in the 4th quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock valued at $10,801,254,000 after purchasing an additional 1,363,909 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Boeing by 33.6% in the 4th quarter. Two Sigma Advisers LP now owns 995,560 shares of the aircraft producer’s stock valued at $321,068,000 after purchasing an additional 250,600 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of Boeing by 3.2% in the 4th quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock valued at $2,521,073,000 after purchasing an additional 245,100 shares in the last quarter. Finally, Mackay Shields LLC acquired a new stake in shares of Boeing in the 4th quarter valued at approximately $77,540,000. 68.04% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on BA shares. JPMorgan Chase & Co. restated a “buy” rating and issued a $430.00 price target on shares of Boeing in a research note on Thursday, April 25th. Tigress Financial restated a “buy” rating on shares of Boeing in a research note on Wednesday, March 27th. Morgan Stanley raised their price target on shares of Boeing from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, February 28th. Nord/LB restated a “sell” rating and issued a $300.00 price target on shares of Boeing in a research note on Wednesday, March 13th. Finally, UBS Group set a $525.00 price target on shares of Boeing and gave the company a “buy” rating in a research note on Friday, March 8th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $407.97.
NYSE:BA opened at $347.03 on Thursday. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The company has a market cap of $196.54 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.17 and a beta of 1.31.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, topping the consensus estimate of $3.11 by $0.05. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The business had revenue of $22.92 billion for the quarter, compared to the consensus estimate of $23.04 billion. During the same period last year, the company earned $3.64 EPS. The firm’s revenue was down 2.0% compared to the same quarter last year. On average, analysts expect that Boeing Co will post 14.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 10th were given a $2.055 dividend. The ex-dividend date was Thursday, May 9th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.37%. Boeing’s dividend payout ratio (DPR) is currently 51.34%.
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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