Hirtle Callaghan & Co LLC lessened its holdings in shares of Boeing Co (NYSE:BA) by 2.2% in the fourth quarter, HoldingsChannel reports. The firm owned 8,100 shares of the aircraft producer’s stock after selling 184 shares during the period. Boeing comprises 0.2% of Hirtle Callaghan & Co LLC’s holdings, making the stock its 23rd largest position. Hirtle Callaghan & Co LLC’s holdings in Boeing were worth $2,389,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Beach Investment Management LLC. bought a new stake in shares of Boeing in the 2nd quarter worth $429,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Boeing by 2.2% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,877 shares of the aircraft producer’s stock worth $2,152,000 after acquiring an additional 190 shares in the last quarter. Canandaigua National Bank & Trust Co. grew its stake in shares of Boeing by 1.1% in the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 9,095 shares of the aircraft producer’s stock worth $1,799,000 after acquiring an additional 95 shares in the last quarter. Financial Advisory Group grew its stake in shares of Boeing by 4.1% in the 2nd quarter. Financial Advisory Group now owns 5,062 shares of the aircraft producer’s stock worth $1,001,000 after acquiring an additional 200 shares in the last quarter. Finally, Family Firm Inc. grew its stake in shares of Boeing by 24.2% in the 2nd quarter. Family Firm Inc. now owns 2,047 shares of the aircraft producer’s stock worth $405,000 after acquiring an additional 399 shares in the last quarter. Institutional investors and hedge funds own 76.58% of the company’s stock.
In other news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.28% of the company’s stock.
Several research firms have recently issued reports on BA. Vetr lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $369.18 target price for the company. in a research note on Monday, February 26th. Societe Generale set a $373.00 price target on shares of Boeing and gave the company a “neutral” rating in a research report on Thursday, February 1st. Buckingham Research set a $289.00 price target on shares of Boeing and gave the company a “hold” rating in a research report on Thursday, February 8th. Canaccord Genuity restated a “hold” rating and set a $345.00 price target (up previously from $290.00) on shares of Boeing in a research report on Thursday, February 1st. Finally, ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Ten investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $359.39.
Shares of Boeing Co (NYSE:BA) opened at $348.92 on Wednesday. The company has a market cap of $207,589.95, a PE ratio of 25.90, a price-to-earnings-growth ratio of 1.83 and a beta of 1.37. Boeing Co has a fifty-two week low of $173.75 and a fifty-two week high of $371.60. The company has a current ratio of 1.16, a quick ratio of 0.37 and a debt-to-equity ratio of 23.74.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.91 by $1.89. The business had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.47 earnings per share. equities research analysts anticipate that Boeing Co will post 14.05 EPS for the current year.
Boeing announced that its Board of Directors has initiated 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 purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Friday, February 9th were issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.96%. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date was Thursday, February 8th. Boeing’s dividend payout ratio is presently 50.78%.
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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