Eagle Asset Management Inc. raised its holdings in shares of Boeing Co (NYSE:BA) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,393 shares of the aircraft producer’s stock after acquiring an additional 188 shares during the quarter. Eagle Asset Management Inc.’s holdings in Boeing were worth $779,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Johanson Financial Advisors Inc. grew its position in shares of Boeing by 35,366.3% during the fourth quarter. Johanson Financial Advisors Inc. now owns 2,840,145 shares of the aircraft producer’s stock valued at $8,716,000 after purchasing an additional 2,832,137 shares in the last quarter. BlackRock Inc. grew its position in shares of Boeing by 0.8% during the second quarter. BlackRock Inc. now owns 34,081,637 shares of the aircraft producer’s stock valued at $12,406,056,000 after purchasing an additional 264,410 shares in the last quarter. Newport Trust Co grew its position in shares of Boeing by 0.7% during the fourth quarter. Newport Trust Co now owns 30,713,384 shares of the aircraft producer’s stock valued at $10,005,192,000 after purchasing an additional 222,115 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Boeing by 19.5% during the third quarter. California Public Employees Retirement System now owns 1,195,419 shares of the aircraft producer’s stock valued at $454,821,000 after purchasing an additional 195,244 shares in the last quarter. Finally, State Street Corp grew its position in shares of Boeing by 0.7% during the fourth quarter. State Street Corp now owns 26,302,874 shares of the aircraft producer’s stock valued at $8,568,424,000 after purchasing an additional 181,667 shares in the last quarter. 77.87% of the stock is currently owned by institutional investors and hedge funds.
BA has been the subject of a number of research analyst reports. Berenberg Bank lowered Boeing from a “buy” rating to a “hold” rating and cut their price objective for the company from $410.00 to $350.00 in a research report on Thursday, January 9th. Zacks Investment Research raised their price objective on Boeing to $337.50 in a research report on Thursday, February 6th. Sanford C. Bernstein restated a “buy” rating and set a $401.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Bank of America cut their price objective on Boeing from $370.00 to $360.00 and set a “neutral” rating for the company in a research report on Monday, December 23rd. Finally, Jefferies Financial Group cut their price objective on Boeing from to and set a “buy” rating for the company in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $353.03.
Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 29th. The aircraft producer reported ($2.33) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.47 by ($3.80). The company had revenue of $17.91 billion during the quarter, compared to analysts’ expectations of $21.76 billion. Boeing had a negative return on equity of 70.76% and a negative net margin of 0.83%. The company’s revenue was down 36.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.48 EPS. Analysts predict that Boeing Co will post 4.08 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 14th will be given a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $8.22 annualized dividend and a dividend yield of 2.69%. Boeing’s dividend payout ratio (DPR) is presently -236.89%.
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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