Boeing Co (BA) Holdings Trimmed by Bangor Savings Bank
Bangor Savings Bank decreased its holdings in Boeing Co (NYSE:BA) by 5.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,115 shares of the aircraft producer’s stock after selling 119 shares during the period. Bangor Savings Bank’s holdings in Boeing were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Riverpoint Wealth Management Holdings LLC increased its stake in shares of Boeing by 0.3% during the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after buying an additional 4 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of Boeing by 0.3% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after buying an additional 6 shares during the period. Accredited Investors Inc. increased its stake in shares of Boeing by 0.4% during the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after buying an additional 6 shares during the period. GWM Advisors LLC increased its stake in shares of Boeing by 0.6% during the first quarter. GWM Advisors LLC now owns 1,324 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 8 shares during the period. Finally, Silicon Valley Capital Partners increased its stake in shares of Boeing by 0.7% during the second quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock valued at $245,000 after buying an additional 9 shares during the period. Institutional investors and hedge funds own 70.97% of the company’s stock.
Boeing Co (NYSE BA) opened at $291.84 on Thursday. Boeing Co has a 52 week low of $153.06 and a 52 week high of $295.85. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. The stock has a market capitalization of $172,619.48, a PE ratio of 29.73, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24.
Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.51 earnings per share. equities research analysts expect that Boeing Co will post 10.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 2.34%. The ex-dividend date is Thursday, February 8th. This is an increase from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is currently 52.21%.
Boeing announced that its Board of Directors has authorized a stock repurchase program on Monday, December 11th that allows the company to repurchase $18.00 billion in shares. This repurchase authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
Several equities analysts have recently commented on BA shares. Vetr lowered Boeing from a “strong-buy” rating to a “buy” rating and set a $266.88 price target on the stock. in a research note on Wednesday, August 16th. Canaccord Genuity raised their price target on Boeing from $245.00 to $250.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. J P Morgan Chase & Co set a $325.00 price target on Boeing and gave the company a “buy” rating in a research note on Tuesday. Jefferies Group raised their price target on Boeing from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, September 22nd. Finally, Zacks Investment Research upgraded Boeing from a “hold” rating to a “strong-buy” rating and set a $271.00 price target on the stock in a research note on Tuesday, August 22nd. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $266.73.
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The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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