Oregon Public Employees Retirement Fund increased its position in shares of Boeing Co (NYSE:BA) by 4.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 164,374 shares of the aircraft producer’s stock after acquiring an additional 6,617 shares during the period. Boeing comprises 0.7% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 23rd biggest position. Oregon Public Employees Retirement Fund’s holdings in Boeing were worth $41,786,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Catawba Capital Management VA increased its holdings in Boeing by 2.8% in the 2nd quarter. Catawba Capital Management VA now owns 23,441 shares of the aircraft producer’s stock valued at $4,635,000 after acquiring an additional 644 shares during the last quarter. Curbstone Financial Management Corp increased its holdings in Boeing by 0.8% in the 2nd quarter. Curbstone Financial Management Corp now owns 1,900 shares of the aircraft producer’s stock valued at $376,000 after acquiring an additional 15 shares during the last quarter. Stock Yards Bank & Trust Co. increased its holdings in Boeing by 5.7% in the 2nd quarter. Stock Yards Bank & Trust Co. now owns 69,509 shares of the aircraft producer’s stock valued at $13,745,000 after acquiring an additional 3,776 shares during the last quarter. Capital Asset Advisory Services LLC increased its holdings in Boeing by 16.0% in the 2nd quarter. Capital Asset Advisory Services LLC now owns 2,286 shares of the aircraft producer’s stock valued at $451,000 after acquiring an additional 315 shares during the last quarter. Finally, BKD Wealth Advisors LLC increased its holdings in Boeing by 14.9% in the 2nd quarter. BKD Wealth Advisors LLC now owns 4,388 shares of the aircraft producer’s stock valued at $868,000 after acquiring an additional 568 shares during the last quarter. Hedge funds and other institutional investors own 70.84% of the company’s stock.

Boeing Co (BA) opened at $336.21 on Friday. Boeing Co has a 52 week low of $156.67 and a 52 week high of $336.88. The company has a market cap of $200,239.28, a price-to-earnings ratio of 30.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The business had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. During the same period last year, the company posted $3.51 EPS. The business’s revenue was up 1.7% on a year-over-year basis. sell-side analysts anticipate that Boeing Co will post 10.13 earnings per share for the current fiscal year.

Boeing declared that its board has approved a share repurchase program on Monday, December 11th that permits the company to buyback $18.00 billion in shares. This buyback authorization permits the aircraft producer to purchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be paid a $1.71 dividend. This is a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio (DPR) is presently 52.21%.

BA has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and set a $330.00 price target on the stock in a report on Tuesday, January 2nd. Canaccord Genuity lifted their price target on shares of Boeing from $245.00 to $250.00 and gave the company a “hold” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. set a $325.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Tuesday, December 12th. Vetr downgraded shares of Boeing from a “hold” rating to a “sell” rating and set a $253.54 price target on the stock. in a report on Thursday, October 12th. Finally, Jefferies Group lifted their price target on shares of Boeing from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $280.74.

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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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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