Zweig DiMenna Associates LLC Lowers Holdings in Boeing Co (BA)
Zweig DiMenna Associates LLC decreased its position in Boeing Co (NYSE:BA) by 47.8% during the 3rd quarter, Holdings Channel reports. The firm owned 1,200 shares of the aircraft producer’s stock after selling 1,100 shares during the quarter. Zweig DiMenna Associates LLC’s holdings in Boeing were worth $305,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of BA. Janus Henderson Group PLC boosted its stake in shares of 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 acquiring an additional 4,852,679 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Boeing by 20.3% during the third quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after acquiring an additional 1,160,859 shares during the last quarter. Koch Industries Inc. boosted its stake in shares of Boeing by 61,128.7% during the second quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock valued at $846,000 after acquiring an additional 848,467 shares during the last quarter. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Boeing by 28,537.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 782,669 shares of the aircraft producer’s stock valued at $198,962,000 after acquiring an additional 779,936 shares during the last quarter. Finally, APG Asset Management N.V. boosted its stake in shares of Boeing by 87.8% during the third quarter. APG Asset Management N.V. now owns 1,382,727 shares of the aircraft producer’s stock valued at $351,503,000 after acquiring an additional 646,500 shares during the last quarter. 70.87% of the stock is currently owned by institutional investors.
A number of analysts recently commented on the company. Seaport Global Securities reaffirmed a “buy” rating and set a $430.00 price objective on shares of Boeing in a research note on Thursday. Vetr lowered Boeing from a “buy” rating to a “hold” rating and set a $267.03 price objective on the stock. in a research note on Friday, October 6th. Cowen reaffirmed a “buy” rating and set a $315.00 price objective on shares of Boeing in a research note on Friday, October 6th. Credit Suisse Group reaffirmed an “outperform” rating and set a $310.00 price objective (up previously from $300.00) on shares of Boeing in a research note on Tuesday, October 24th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $290.00 price objective (up previously from $270.00) on shares of Boeing in a research note on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $304.10.
Boeing Co (NYSE:BA) opened at $340.16 on Friday. The company has a market capitalization of $202,590.00, a PE ratio of 31.29, a PEG ratio of 2.33 and a beta of 1.23. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Co has a twelve month low of $157.29 and a twelve month high of $352.23.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the consensus estimate of $2.65 by $0.07. The business had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The company’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the business posted $3.51 EPS. equities research analysts anticipate that Boeing Co will post 10.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a dividend of $1.71 per share. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s dividend payout ratio (DPR) is presently 52.25%.
Boeing announced that its Board of Directors has approved a stock repurchase plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
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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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