Signition LP Invests $226,000 in Boeing Co (BA) Stock
Signition LP bought a new stake in Boeing Co (NYSE:BA) during the third quarter, HoldingsChannel reports. The institutional investor bought 607 shares of the aircraft producer’s stock, valued at approximately $226,000.
A number of other hedge funds also recently bought and sold shares of BA. Cornerstone Wealth Management LLC lifted its stake in Boeing by 33,433.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 2,409,747 shares of the aircraft producer’s stock valued at $7,169,000 after buying an additional 2,402,561 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Boeing by 23.3% in the 2nd quarter. Janus Henderson Group PLC now owns 5,928,288 shares of the aircraft producer’s stock valued at $1,989,009,000 after buying an additional 1,121,675 shares in the last quarter. FMR LLC lifted its stake in Boeing by 16.0% in the 2nd quarter. FMR LLC now owns 7,415,662 shares of the aircraft producer’s stock valued at $2,488,029,000 after buying an additional 1,023,959 shares in the last quarter. Boston Partners purchased a new stake in Boeing in the 2nd quarter valued at approximately $328,421,000. Finally, Fred Alger Management Inc. lifted its stake in Boeing by 85.0% in the 2nd quarter. Fred Alger Management Inc. now owns 1,134,934 shares of the aircraft producer’s stock valued at $380,782,000 after buying an additional 521,442 shares in the last quarter. 69.64% of the stock is currently owned by hedge funds and other institutional investors.
In related news, SVP Diana L. Sands sold 5,000 shares of the stock in a transaction on Monday, October 29th. The stock was sold at an average price of $350.07, for a total value of $1,750,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jenette E. Ramos sold 1,640 shares of the stock in a transaction on Friday, November 9th. The shares were 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. 0.24% of the stock is currently owned by corporate insiders.
Shares of BA opened at $323.22 on Friday. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.32 and a current ratio of 1.10. The firm has a market capitalization of $188.48 billion, a P/E ratio of 26.85, a PEG ratio of 1.65 and a beta of 1.30. Boeing Co has a twelve month low of $279.90 and a twelve month high of $394.28.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, topping the consensus estimate of $3.47 by $0.11. The business had revenue of $25.15 billion for the quarter, compared to analyst estimates of $23.84 billion. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $2.72 EPS. Equities research analysts expect that Boeing Co will post 15.05 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 9th were issued a $1.71 dividend. The ex-dividend date was Thursday, November 8th. This represents a $6.84 annualized dividend and a yield of 2.12%. Boeing’s dividend payout ratio is currently 56.81%.
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Boeing Company Profile
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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