Robeco Institutional Asset Management B.V. Has $128.14 Million Position in Boeing Co (BA)
Robeco Institutional Asset Management B.V. increased its stake in shares of Boeing Co (NYSE:BA) by 7.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 344,545 shares of the aircraft producer’s stock after buying an additional 24,378 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.06% of Boeing worth $128,137,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Cornerstone Wealth Management LLC increased its stake in Boeing by 33,433.9% during the second quarter. Cornerstone Wealth Management LLC now owns 2,409,747 shares of the aircraft producer’s stock worth $7,169,000 after acquiring an additional 2,402,561 shares during the last quarter. Janus Henderson Group PLC increased its stake in Boeing by 23.3% during the second quarter. Janus Henderson Group PLC now owns 5,928,288 shares of the aircraft producer’s stock worth $1,989,009,000 after acquiring an additional 1,121,675 shares during the last quarter. FMR LLC increased its stake in Boeing by 16.0% during the second quarter. FMR LLC now owns 7,415,662 shares of the aircraft producer’s stock worth $2,488,029,000 after acquiring an additional 1,023,959 shares during the last quarter. Boston Partners acquired a new stake in Boeing during the second quarter worth $328,421,000. Finally, Fred Alger Management Inc. increased its stake in Boeing by 85.0% during the second quarter. Fred Alger Management Inc. now owns 1,134,934 shares of the aircraft producer’s stock worth $380,782,000 after acquiring an additional 521,442 shares during the last quarter. Hedge funds and other institutional investors own 69.64% of the company’s stock.
In related news, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jenette E. Ramos sold 1,640 shares of the business’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $367.52, for a total value of $602,732.80. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
Shares of NYSE BA opened at $342.50 on Thursday. Boeing Co has a twelve month low of $274.01 and a twelve month high of $394.28. The company has a quick ratio of 0.32, a current ratio of 1.10 and a debt-to-equity ratio of 8.07. The firm has a market capitalization of $194.50 billion, a PE ratio of 28.45, a PEG ratio of 1.71 and a beta of 1.30.
Boeing (NYSE:BA) last released its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.47 by $0.11. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The firm had revenue of $25.15 billion during the quarter, compared to analysts’ expectations of $23.84 billion. During the same period in the previous year, the firm posted $2.72 EPS. Boeing’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, research analysts anticipate that Boeing Co will post 15.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Investors of record on Friday, November 9th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $6.84 annualized dividend and a yield of 2.00%. Boeing’s payout ratio is 56.81%.
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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
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