Boeing Co (BA) Shares Bought by Capital Investment Advisory Services LLC
Capital Investment Advisory Services LLC increased its position in shares of Boeing Co (NYSE:BA) by 12.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,354 shares of the aircraft producer’s stock after purchasing an additional 258 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Boeing were worth $598,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in BA. Wedge Capital Management L L P NC bought a new stake in Boeing in the third quarter valued at $54,936,000. Decatur Capital Management Inc. lifted its stake in Boeing by 6.1% in the third quarter. Decatur Capital Management Inc. now owns 63,504 shares of the aircraft producer’s stock valued at $16,143,000 after buying an additional 3,625 shares during the last quarter. Csenge Advisory Group bought a new stake in Boeing in the third quarter valued at $591,000. Syntal Capital Partners LLC bought a new stake in Boeing in the third quarter valued at $1,052,000. Finally, Andra AP fonden lifted its stake in Boeing by 1.3% in the third quarter. Andra AP fonden now owns 39,300 shares of the aircraft producer’s stock valued at $9,990,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 70.84% of the company’s stock.
BA has been the topic of a number of recent research reports. Royal Bank of Canada set a $290.00 target price on Boeing and gave the company a “hold” rating in a research note on Wednesday, November 15th. Jefferies Group raised their target price on Boeing from $300.00 to $312.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Canaccord Genuity reiterated a “hold” rating and issued a $235.00 target price (up from $215.00) on shares of Boeing in a research note on Sunday, September 17th. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $289.00 target price on the stock in a research note on Tuesday, October 10th. Finally, JPMorgan Chase & Co. set a $325.00 target price on Boeing and gave the company a “buy” rating in a research note on Tuesday, December 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. Boeing has a consensus rating of “Hold” and a consensus target price of $274.67.
Boeing Co (BA) opened at $308.84 on Monday. The company has a market capitalization of $183,940.00, a price-to-earnings ratio of 28.41, a PEG ratio of 2.16 and a beta of 1.23. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. Boeing Co has a fifty-two week low of $156.67 and a fifty-two week high of $308.89.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates 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 company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company earned $3.51 earnings per share. sell-side analysts predict that Boeing Co will post 10.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a dividend of $1.71 per share. This is a positive change from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s payout ratio is presently 52.25%.
Boeing declared that its board has initiated a share repurchase program on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
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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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