Alpha Cubed Investments LLC raised its stake in shares of Boeing Co (NYSE:BA) by 13.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,690 shares of the aircraft producer’s stock after purchasing an additional 889 shares during the period. Alpha Cubed Investments LLC’s holdings in Boeing were worth $1,955,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Janus Henderson Group PLC lifted its holdings in shares of Boeing by 7,215.0% in the 2nd 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. Harbour Capital Advisors LLC lifted its holdings in shares of Boeing by 18,613.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after acquiring an additional 1,334,957 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Boeing by 66.5% in the 1st quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after acquiring an additional 1,049,546 shares during the last quarter. Koch Industries Inc. lifted its holdings in shares of Boeing by 61,128.7% in the 2nd 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. Finally, APG Asset Management N.V. lifted its holdings in shares of Boeing by 87.8% in the 3rd 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. 70.85% of the stock is owned by institutional investors and hedge funds.
Shares of Boeing Co (NYSE BA) opened at $295.10 on Friday. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. The stock has a market cap of $175,713.52, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. Boeing Co has a 12 month low of $154.96 and a 12 month high of $299.33.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be paid a $1.71 dividend. The ex-dividend date is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 2.32%. This is an increase from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is presently 52.21%.
Boeing announced that its Board of Directors has initiated a stock buyback program on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
A number of research analysts recently commented on BA shares. Canaccord Genuity increased their price target on shares of Boeing from $245.00 to $250.00 and gave the company a “hold” rating in a report on Thursday, October 26th. J P Morgan Chase & Co set a $325.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Tuesday, December 12th. Vetr downgraded shares of Boeing from a “hold” rating to a “sell” rating and set a $253.54 price target for the company. in a report on Thursday, October 12th. Jefferies Group increased their price target on shares of Boeing from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, September 22nd. Finally, Cowen reaffirmed a “buy” rating and issued a $320.00 price target on shares of Boeing in a report on Monday, December 11th. Eleven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Boeing presently has an average rating of “Buy” and an average price target of $270.67.
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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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