Clal Insurance Enterprises Holdings Ltd purchased a new stake in Boeing Co (NYSE:BA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 158,352 shares of the aircraft producer’s stock, valued at approximately $47,116,000. Boeing comprises approximately 1.2% of Clal Insurance Enterprises Holdings Ltd’s holdings, making the stock its 25th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Howe & Rusling Inc. raised its stake in Boeing by 1.3% during the 4th quarter. Howe & Rusling Inc. now owns 2,416 shares of the aircraft producer’s stock worth $779,000 after buying an additional 31 shares during the period. Haverford Trust Co. raised its stake in Boeing by 0.4% during the 4th quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock worth $2,288,000 after buying an additional 31 shares during the period. Spectrum Management Group Inc. raised its stake in Boeing by 0.3% during the 4th quarter. Spectrum Management Group Inc. now owns 13,140 shares of the aircraft producer’s stock worth $4,238,000 after buying an additional 33 shares during the period. Nikulski Financial Inc. raised its stake in Boeing by 1.3% during the 4th quarter. Nikulski Financial Inc. now owns 2,644 shares of the aircraft producer’s stock worth $853,000 after buying an additional 34 shares during the period. Finally, Kanawha Capital Management LLC raised its stake in Boeing by 5.1% during the 4th quarter. Kanawha Capital Management LLC now owns 727 shares of the aircraft producer’s stock worth $234,000 after buying an additional 35 shares during the period. Hedge funds and other institutional investors own 68.95% of the company’s stock.

A number of research analysts recently weighed in on the company. ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research downgraded Boeing from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Cowen reaffirmed a “buy” rating and set a $460.00 price target on shares of Boeing in a research note on Monday, April 8th. Credit Suisse Group reaffirmed a “buy” rating and set a $440.00 price target on shares of Boeing in a research note on Friday, April 12th. Finally, Barclays downgraded Boeing from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $417.00 to $367.00 in a research note on Tuesday, May 7th. Three equities 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. The stock currently has an average rating of “Hold” and an average target price of $413.01.

BA stock opened at $345.64 on Thursday. The company has a market capitalization of $189.81 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 2.08 and a beta of 1.30. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.05. The company had revenue of $22.92 billion during the quarter, compared to analyst estimates of $23.04 billion. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. Boeing’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.64 earnings per share. Analysts anticipate that Boeing Co will post 14.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 10th will be issued a $2.055 dividend. This represents a $8.22 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, May 9th. Boeing’s dividend payout ratio is presently 51.34%.

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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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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