Windward Capital Management Co. CA purchased a new position in shares of Boeing Co (NYSE:BA) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,164 shares of the aircraft producer’s stock, valued at approximately $5,126,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Asset Dedication LLC grew its stake in Boeing by 7.0% during the 3rd quarter. Asset Dedication LLC now owns 9,380 shares of the aircraft producer’s stock valued at $2,392,000 after acquiring an additional 613 shares in the last quarter. Balasa Dinverno & Foltz LLC purchased a new stake in Boeing during the 3rd quarter valued at about $1,152,000. Baltimore Washington Financial Advisors Inc. purchased a new stake in Boeing during the 3rd quarter valued at about $256,000. BerganKDV Wealth Management LLC grew its stake in Boeing by 10.8% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 14,208 shares of the aircraft producer’s stock valued at $3,612,000 after acquiring an additional 1,387 shares in the last quarter. Finally, Howe & Rusling Inc. grew its stake in Boeing by 17.7% during the 3rd quarter. Howe & Rusling Inc. now owns 2,590 shares of the aircraft producer’s stock valued at $658,000 after acquiring an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 70.85% of the company’s stock.

Shares of Boeing Co (BA) opened at $297.25 on Wednesday. Boeing Co has a one year low of $154.96 and a one year high of $297.58. 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 $176,374.63, a P/E ratio of 30.37, a PEG ratio of 2.25 and a beta of 1.24.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same period in the prior year, the business posted $3.51 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. sell-side analysts forecast that Boeing Co will post 10.11 earnings per share for the current year.

Boeing declared that its Board of Directors has approved a stock repurchase program on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be issued a $1.71 dividend. This is a positive change from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio is currently 52.21%.

Several brokerages recently issued reports on BA. Vetr raised shares of 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 cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Cowen reaffirmed a “buy” rating and set a $315.00 price objective on shares of Boeing in a research note on Thursday, October 26th. ValuEngine raised shares of 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 shares of Boeing and gave the company a “neutral” rating in a research note on Thursday, November 2nd. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Boeing has an average rating of “Buy” and an average price target of $266.73.

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About Boeing

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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