Boeing (BA) is Hanseatic Management Services Inc.’s 3rd Largest Position
Hanseatic Management Services Inc. lifted its position in Boeing (NYSE:BA) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,880 shares of the aircraft producer’s stock after buying an additional 636 shares during the quarter. Boeing makes up approximately 2.0% of Hanseatic Management Services Inc.’s portfolio, making the stock its 3rd biggest holding. Hanseatic Management Services Inc.’s holdings in Boeing were worth $2,029,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Suffolk Capital Management LLC purchased a new stake in Boeing in the third quarter valued at approximately $13,515,000. Lipe & Dalton purchased a new stake in Boeing in the third quarter valued at approximately $100,000. HL Financial Services LLC raised its stake in Boeing by 96.7% in the third quarter. HL Financial Services LLC now owns 32,141 shares of the aircraft producer’s stock valued at $8,171,000 after purchasing an additional 15,804 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in Boeing by 37.5% in the third quarter. Tradewinds Capital Management LLC now owns 12,640 shares of the aircraft producer’s stock valued at $3,213,000 after purchasing an additional 3,448 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Boeing by 43.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 20,598 shares of the aircraft producer’s stock valued at $5,236,000 after purchasing an additional 6,267 shares in the last quarter. 70.90% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages recently weighed in on BA. Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $368.72 target price on the stock. in a research note on Tuesday, April 10th. Berenberg Bank set a $395.00 target price on shares of Boeing and gave the company a “buy” rating in a research note on Monday, January 29th. Barclays raised their target price on shares of Boeing from $388.00 to $400.00 and gave the company an “overweight” rating in a research note on Friday, April 27th. Wells Fargo reaffirmed a “market perform” rating and issued a $365.00 target price (up from $330.00) on shares of Boeing in a research note on Thursday, February 1st. Finally, Bank of America reaffirmed a “buy” rating and issued a $470.00 target price (up from $395.00) on shares of Boeing in a research note on Thursday, February 1st. Seven research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $374.63.
Shares of Boeing stock opened at $344.14 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 8.07. Boeing has a 52-week low of $341.44 and a 52-week high of $343.56. The company has a market capitalization of $198.64 billion, a PE ratio of 24.87, a PEG ratio of 1.69 and a beta of 1.39.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $1.05. Boeing had a net margin of 9.63% and a return on equity of 3,774.27%. The firm had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $22.22 billion. During the same quarter last year, the business earned $2.01 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. analysts predict that Boeing will post 14.64 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 11th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, May 10th. Boeing’s dividend payout ratio is 56.81%.
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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