FineMark National Bank & Trust decreased its holdings in shares of Boeing Co (NYSE:BA) by 13.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,420 shares of the aircraft producer’s stock after selling 7,737 shares during the period. Boeing comprises 0.8% of FineMark National Bank & Trust’s portfolio, making the stock its 21st biggest holding. FineMark National Bank & Trust’s holdings in Boeing were worth $12,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. WINTON GROUP Ltd increased its holdings in shares of Boeing by 35.2% during the first quarter. WINTON GROUP Ltd now owns 121,852 shares of the aircraft producer’s stock worth $16,053,000 after buying an additional 31,696 shares in the last quarter. Good Life Advisors LLC acquired a new stake in shares of Boeing during the first quarter worth approximately $214,000. Verity Asset Management Inc. acquired a new stake in shares of Boeing during the first quarter worth approximately $233,000. Stockman Wealth Management Inc. increased its holdings in shares of Boeing by 25.3% during the first quarter. Stockman Wealth Management Inc. now owns 3,118 shares of the aircraft producer’s stock worth $551,000 after buying an additional 630 shares in the last quarter. Finally, Cypress Capital Group increased its holdings in shares of Boeing by 41.8% during the first quarter. Cypress Capital Group now owns 18,705 shares of the aircraft producer’s stock worth $3,308,000 after buying an additional 5,510 shares in the last quarter. Hedge funds and other institutional investors own 70.84% of the company’s stock.

Shares of Boeing Co (BA) opened at $308.84 on Friday. 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 firm has a market cap of $183,940.00, a P/E ratio of 28.41, a P/E/G ratio of 2.08 and a beta of 1.23. 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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. The business had revenue of $24.31 billion during the quarter, compared to analyst estimates of $24.09 billion. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. Boeing’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.51 earnings per share. research analysts expect that Boeing Co will post 10.14 EPS for the current year.

Boeing announced that its board has approved a share repurchase program on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares buyback programs are often 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. Shareholders of record on Friday, February 9th will be issued a dividend of $1.71 per share. 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. This is a positive change from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is currently 52.25%.

Several research firms have recently weighed in on BA. Zacks Investment Research lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Wednesday. Vetr lowered shares of Boeing from a “hold” rating to a “sell” rating and set a $272.77 price objective for the company. in a report on Thursday, December 28th. Buckingham Research set a $203.00 price objective on shares of Boeing and gave the stock a “hold” rating in a report on Thursday, December 28th. JPMorgan Chase & Co. set a $325.00 price objective on shares of Boeing and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Cowen reaffirmed a “buy” rating and set a $320.00 price objective on shares of Boeing in a report on Monday, December 11th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have issued a buy rating to the stock. Boeing currently has an average rating of “Hold” and a consensus target price of $274.67.

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Boeing 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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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