Keybank National Association OH lessened its holdings in Boeing Co (NYSE:BA) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,201 shares of the aircraft producer’s stock after selling 8,628 shares during the period. Keybank National Association OH’s holdings in Boeing were worth $39,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Halbert Hargrove Russell LLC purchased a new stake in shares of Boeing in the third quarter valued at about $203,000. Smith Moore & CO. lifted its holdings in shares of Boeing by 3.6% in the third quarter. Smith Moore & CO. now owns 6,091 shares of the aircraft producer’s stock valued at $1,548,000 after purchasing an additional 209 shares in the last quarter. Becker Capital Management Inc. lifted its stake in shares of Boeing by 47.0% during the third quarter. Becker Capital Management Inc. now owns 6,757 shares of the aircraft producer’s stock valued at $1,718,000 after buying an additional 2,160 shares during the period. Bristol Advisors LLC lifted its stake in shares of Boeing by 16.3% during the third quarter. Bristol Advisors LLC now owns 10,000 shares of the aircraft producer’s stock valued at $2,542,000 after buying an additional 1,400 shares during the period. Finally, West Coast Financial LLC lifted its stake in shares of Boeing by 3.8% during the third quarter. West Coast Financial LLC now owns 26,166 shares of the aircraft producer’s stock valued at $6,652,000 after buying an additional 950 shares during the period. 70.84% of the stock is currently owned by institutional investors.

Boeing Co (BA) opened at $336.21 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. The firm has a market cap of $200,239.28, a P/E ratio of 30.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.24. Boeing Co has a one year low of $156.67 and a one year high of $336.88.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders 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 represents a $6.84 dividend on an annualized basis and a yield of 2.03%. This is an increase from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is currently 52.21%.

Boeing declared that its board has authorized a share buyback program on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Several brokerages recently issued reports on BA. Credit Suisse Group reissued an “outperform” rating and set a $375.00 price objective (up previously from $310.00) on shares of Boeing in a research note on Friday. They noted that the move was a valuation call. Vetr downgraded shares of Boeing from a “sell” rating to a “strong sell” rating and set a $279.35 price objective on the stock. in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday. Jefferies Group reissued a “buy” rating and set a $339.00 price objective on shares of Boeing in a research note on Monday, January 8th. Finally, Zacks Investment Research downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. 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. The company has a consensus rating of “Hold” and a consensus price target of $280.74.

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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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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