FineMark National Bank & Trust Has $12.31 Million Holdings in Boeing Co (BA)
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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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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