Murphy Capital Management Inc. Reduces Stake in Boeing Co (BA)

Murphy Capital Management Inc. lowered its position in shares of Boeing Co (NYSE:BA) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,066 shares of the aircraft producer’s stock after selling 1,127 shares during the quarter. Boeing makes up about 1.8% of Murphy Capital Management Inc.’s investment portfolio, making the stock its 9th largest position. Murphy Capital Management Inc.’s holdings in Boeing were worth $12,727,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Eagle Global Advisors LLC grew its stake in shares of Boeing by 15.1% during the first quarter. Eagle Global Advisors LLC now owns 1,905 shares of the aircraft producer’s stock worth $337,000 after purchasing an additional 250 shares during the period. Vision Capital Management Inc. acquired a new stake in shares of Boeing during the first quarter worth $247,000. Lockheed Martin Investment Management Co. acquired a new stake in shares of Boeing during the first quarter worth $1,769,000. Windsor Capital Management LLC grew its stake in shares of Boeing by 15.2% during the first quarter. Windsor Capital Management LLC now owns 4,711 shares of the aircraft producer’s stock worth $833,000 after purchasing an additional 621 shares during the period. Finally, Cutter & CO Brokerage Inc. grew its stake in shares of Boeing by 10.6% during the first quarter. Cutter & CO Brokerage Inc. now owns 7,938 shares of the aircraft producer’s stock worth $1,404,000 after purchasing an additional 758 shares during the period. Institutional investors own 70.85% of the company’s stock.

A number of equities research analysts recently commented on the company. Wells Fargo & Company reaffirmed a “market perform” rating and set a $290.00 price objective (up from $270.00) on shares of Boeing in a research note on Tuesday, December 12th. Zacks Investment Research cut Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $303.00 price objective (up from $274.00) on shares of Boeing in a research note on Wednesday, September 20th. They noted that the move was a valuation call. Bank of America set a $320.00 target price on Boeing and gave the company a “buy” rating in a research note on Tuesday, December 12th. Finally, ValuEngine cut Boeing from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Eleven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Boeing presently has an average rating of “Buy” and an average target price of $270.67.

Boeing Co (NYSE BA) opened at $295.03 on Friday. The stock has a market capitalization of $175,710.00, a PE ratio of 30.55, a price-to-earnings-growth ratio of 2.27 and a beta of 1.24. Boeing Co has a 52 week low of $154.96 and a 52 week high of $299.33. 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 (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.07. The company had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.51 earnings per share. equities research analysts predict that Boeing Co will post 10.11 EPS for the current year.

The company also recently declared 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 represents a $6.84 dividend on an annualized basis and a dividend yield of 2.32%. This is a positive change from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s payout ratio is 52.25%.

Boeing announced that its Board of Directors has approved a share repurchase plan on Monday, December 11th that permits the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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Boeing Company Profile

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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