Boeing Co (BA) Shares Sold by Bank of the Ozarks
Bank of the Ozarks lessened its holdings in shares of Boeing Co (NYSE:BA) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,340 shares of the aircraft producer’s stock after selling 300 shares during the quarter. Bank of the Ozarks’ holdings in Boeing were worth $1,103,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Clear Perspective Advisors LLC lifted its position in Boeing by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after buying an additional 135 shares during the last quarter. Vantage Investment Advisors LLC lifted its position in Boeing by 11.1% in the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock worth $123,000 after buying an additional 84 shares during the last quarter. CWH Capital Management Inc. bought a new stake in Boeing in the 2nd quarter worth approximately $134,000. Catamount Wealth Management bought a new stake in Boeing in the 2nd quarter worth approximately $138,000. Finally, Herndon Capital Management LLC lifted its position in Boeing by 29.7% in the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock worth $142,000 after buying an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 70.84% of the company’s stock.
Boeing Co (NYSE BA) opened at $328.12 on Friday. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. Boeing Co has a 12 month low of $156.67 and a 12 month high of $328.40. The stock has a market capitalization of $195,420.00, a P/E ratio of 30.19, a PEG ratio of 2.16 and a beta of 1.23.
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 Thomson Reuters’ consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. During the same period in the previous year, the firm earned $3.51 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. sell-side analysts anticipate that Boeing Co will post 10.14 EPS for the current fiscal year.
Boeing declared that its board has initiated a stock buyback plan on Monday, December 11th that allows the company to buyback $18.00 billion in outstanding shares. This buyback authorization allows the aircraft producer to repurchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a dividend of $1.71 per share. The ex-dividend date is Thursday, February 8th. This is a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 2.08%. Boeing’s payout ratio is 52.25%.
Several analysts have weighed in on BA shares. Buckingham Research reiterated a “hold” rating and issued a $203.00 price objective on shares of Boeing in a research report on Friday, December 22nd. Jefferies Group reiterated a “buy” rating and issued a $339.00 price objective on shares of Boeing in a research report on Monday. Deutsche Bank boosted their price objective on Boeing to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Nord/LB set a $250.00 price objective on Boeing and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $330.00 price objective for the company in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $277.79.
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Boeing Company Profile
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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