MEMBERS Trust Co Sells 600 Shares of Boeing Co (BA)
MEMBERS Trust Co lessened its stake in shares of Boeing Co (NYSE:BA) by 6.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,228 shares of the aircraft producer’s stock after selling 600 shares during the period. Boeing accounts for about 0.1% of MEMBERS Trust Co’s investment portfolio, making the stock its 18th biggest holding. MEMBERS Trust Co’s holdings in Boeing were worth $2,092,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in BA. Janus Henderson Group PLC grew its holdings in Boeing by 7,215.0% during the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after purchasing an additional 4,852,679 shares during the period. Harbour Capital Advisors LLC boosted its stake in shares of Boeing by 18,613.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock worth $6,787,000 after acquiring an additional 1,334,957 shares during the period. AQR Capital Management LLC boosted its stake in shares of Boeing by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock worth $464,732,000 after acquiring an additional 1,049,546 shares during the period. Koch Industries Inc. boosted its stake in shares of Boeing by 61,128.7% in the second quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock worth $846,000 after acquiring an additional 848,467 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Boeing by 63.7% in the second quarter. Principal Financial Group Inc. now owns 1,442,748 shares of the aircraft producer’s stock worth $285,303,000 after acquiring an additional 561,343 shares during the period. 70.85% of the stock is owned by institutional investors and hedge funds.
Shares of Boeing Co (BA) opened at $296.14 on Tuesday. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. The company has a market capitalization of $175,041.11, a PE ratio of 30.14, a P/E/G ratio of 2.24 and a beta of 1.24. Boeing Co has a 52-week low of $154.96 and a 52-week high of $297.37.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be given a $1.71 dividend. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s payout ratio is currently 52.21%.
Boeing announced that its board has approved a share repurchase program on Monday, December 11th that permits the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
A number of equities analysts have recently weighed in on the company. Vetr raised Boeing from a “sell” rating to a “hold” rating and set a $288.75 price objective for the company in a research note on Monday, December 11th. Zacks Investment Research lowered Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Cowen reaffirmed a “buy” rating and issued a $315.00 price objective on shares of Boeing in a research note on Thursday, October 26th. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Nord/LB set a $250.00 price objective on Boeing and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $266.73.
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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