Public Employees Retirement Association of Colorado decreased its holdings in shares of Boeing Co (NYSE:BA) by 8.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 414,326 shares of the aircraft producer’s stock after selling 36,515 shares during the period. Boeing makes up about 1.0% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 21st largest holding. Public Employees Retirement Association of Colorado owned 0.07% of Boeing worth $157,639,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Claraphi Advisory Network LLC raised its position in Boeing by 3.6% during the second quarter. Claraphi Advisory Network LLC now owns 2,943 shares of the aircraft producer’s stock valued at $1,071,000 after purchasing an additional 103 shares in the last quarter. Dupont Capital Management Corp increased its holdings in shares of Boeing by 0.3% in the second quarter. Dupont Capital Management Corp now owns 45,420 shares of the aircraft producer’s stock worth $16,533,000 after buying an additional 125 shares during the period. Corrado Advisors LLC increased its holdings in shares of Boeing by 4.1% in the second quarter. Corrado Advisors LLC now owns 7,901 shares of the aircraft producer’s stock worth $2,876,000 after buying an additional 310 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Boeing by 1,405.4% in the second quarter. Cubist Systematic Strategies LLC now owns 30,830 shares of the aircraft producer’s stock worth $11,222,000 after buying an additional 28,782 shares during the period. Finally, Greenleaf Trust increased its holdings in shares of Boeing by 6.3% in the second quarter. Greenleaf Trust now owns 5,782 shares of the aircraft producer’s stock worth $2,105,000 after buying an additional 342 shares during the period. 67.84% of the stock is owned by institutional investors.
Boeing stock traded down $6.31 during trading hours on Friday, hitting $351.00. 3,117,554 shares of the stock traded hands, compared to its average volume of 5,364,701. The firm’s 50-day moving average price is $362.82 and its two-hundred day moving average price is $358.59. The company has a current ratio of 1.11, a quick ratio of 0.31 and a debt-to-equity ratio of 48.98. The company has a market cap 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.
Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.59). The firm had revenue of $19.98 billion for 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 business’s revenue was down 20.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.58 earnings per share. On average, sell-side analysts expect that Boeing Co will post 1.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be given a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $8.22 annualized dividend and a yield of 2.34%. Boeing’s payout ratio is 51.34%.
Several research analysts have recently commented on BA shares. Jefferies Financial Group set a $420.00 price objective on Boeing and gave the stock a “buy” rating in a report on Monday, October 28th. Berenberg Bank reissued a “buy” rating and issued a $410.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Barclays reissued an “equal weight” rating and issued a $353.00 target price (down from $367.00) on shares of Boeing in a research note on Monday, November 4th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Robert W. Baird cut Boeing from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $445.00 to $342.00 in a research note on Monday, October 21st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target 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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