Montag A & Associates Inc. boosted its holdings in shares of Boeing Co (NYSE:BA) by 36.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 30,986 shares of the aircraft producer’s stock after acquiring an additional 8,341 shares during the period. Boeing accounts for 1.0% of Montag A & Associates Inc.’s portfolio, making the stock its 25th largest position. Montag A & Associates Inc.’s holdings in Boeing were worth $11,789,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in BA. NuWave Investment Management LLC grew its holdings in Boeing by 554.5% during the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 61 shares during the period. Guidant Wealth Advisors acquired a new position in shares of Boeing in the 2nd quarter valued at $28,000. 1 North Wealth Services LLC acquired a new position in shares of Boeing in the 3rd quarter valued at $32,000. Atwater Malick LLC acquired a new position in shares of Boeing in the 3rd quarter valued at $39,000. Finally, Transamerica Financial Advisors Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at $40,000. 67.84% of the stock is owned by hedge funds and other institutional investors.
BA traded down $6.31 during trading on Friday, hitting $351.00. The company had a trading volume of 3,217,166 shares, compared to its average volume of 5,364,701. The company has a market capitalization of $201.64 billion, a PE ratio of 21.92, a PEG ratio of 39.90 and a beta of 1.24. Boeing Co has a one year low of $292.47 and a one year high of $446.01. The firm’s 50-day moving average price is $363.47 and its 200 day moving average price is $358.73. The company has a quick ratio of 0.31, a current ratio of 1.11 and a debt-to-equity ratio of 48.98.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 EPS for the quarter, missing the consensus estimate of $2.04 by ($0.59). The company had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The company’s revenue was down 20.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.58 earnings per share. Sell-side analysts forecast that Boeing Co will post 1.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 8th will be given a $2.055 dividend. The ex-dividend date is Thursday, November 7th. This represents a $8.22 annualized dividend and a yield of 2.34%. Boeing’s dividend payout ratio is currently 51.34%.
BA has been the subject of several research analyst reports. Citigroup decreased their price target on shares of Boeing from $430.00 to $420.00 and set a “buy” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a report on Thursday, July 25th. Morgan Stanley decreased their price target on shares of Boeing from $500.00 to $450.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Goldman Sachs Group reissued a “neutral” rating and issued a $370.00 price target on shares of Boeing in a report on Wednesday, October 23rd. Finally, Canaccord Genuity decreased their price target on shares of Boeing from $380.00 to $370.00 and set a “hold” rating for the company in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $379.30.
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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