Country Club Trust Company n.a. lessened its stake in Boeing Co (NYSE:BA) by 30.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,886 shares of the aircraft producer’s stock after selling 9,378 shares during the period. Country Club Trust Company n.a.’s holdings in Boeing were worth $8,348,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Ironwood Financial llc acquired a new stake in shares of Boeing in the 4th quarter worth approximately $32,000. Next Capital Management LLC acquired a new stake in shares of Boeing in the 4th quarter worth approximately $32,000. Proffitt & Goodson Inc. grew its holdings in shares of Boeing by 1,371.4% in the 4th quarter. Proffitt & Goodson Inc. now owns 103 shares of the aircraft producer’s stock worth $33,000 after acquiring an additional 96 shares during the period. 1 North Wealth Services LLC acquired a new stake in shares of Boeing in the 4th quarter worth approximately $40,000. Finally, Clarfeld Financial Advisors LLC acquired a new stake in shares of Boeing in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 68.04% of the company’s stock.
BA stock opened at $347.03 on Thursday. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07. The company has a market capitalization of $196.54 billion, a P/E ratio of 21.68, a P/E/G 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.11 by $0.05. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The firm had revenue of $22.92 billion for the quarter, compared to analyst estimates of $23.04 billion. During the same quarter in the prior year, the company earned $3.64 EPS. Boeing’s revenue was down 2.0% on a year-over-year basis. Analysts expect that Boeing Co will post 14.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 10th were paid a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Thursday, May 9th. Boeing’s payout ratio is currently 51.34%.
A number of equities research analysts recently weighed in on BA shares. Morgan Stanley upped their price target on Boeing from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. UBS Group restated a “buy” rating and issued a $525.00 price target (up previously from $500.00) on shares of Boeing in a report on Thursday, February 28th. Argus upped their price target on Boeing from $420.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. DZ Bank restated a “sell” rating on shares of Boeing in a report on Monday, March 11th. Finally, Edward Jones cut 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, nine have given a hold rating and fourteen have issued a buy rating to the stock. Boeing has an average rating of “Hold” and an average target price of $407.97.
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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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