Mizuho Securities USA LLC Takes $3.89 Million Position in Boeing Co (BA)

Mizuho Securities USA LLC bought a new position in Boeing Co (NYSE:BA) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,307 shares of the aircraft producer’s stock, valued at approximately $3,891,000.

Several other hedge funds and other institutional investors also recently modified their holdings of BA. Clear Perspective Advisors LLC grew its holdings in shares of Boeing by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after buying an additional 135 shares in the last quarter. Vantage Investment Advisors LLC grew its holdings in shares of Boeing by 11.1% during the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after buying an additional 84 shares in the last quarter. CWH Capital Management Inc. purchased a new position in shares of Boeing during the second quarter valued at $134,000. Catamount Wealth Management purchased a new position in shares of Boeing during the second quarter valued at $138,000. Finally, Herndon Capital Management LLC grew its holdings in shares of Boeing by 29.7% during the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 70.85% of the company’s stock.

Shares of Boeing Co (NYSE BA) opened at $295.10 on Monday. Boeing Co has a 12-month low of $154.96 and a 12-month high of $299.33. The firm has a market capitalization of $175,760.00, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39.

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

Boeing declared that its board has authorized a stock repurchase program on Monday, December 11th that allows the company to buyback $18.00 billion in shares. This buyback authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be given a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.32%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is currently 52.25%.

A number of brokerages have commented on BA. Wells Fargo & Co restated a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of Boeing in a research note on Wednesday, September 20th. Zacks Investment Research downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Sanford C. Bernstein restated an “outperform” rating and issued a $303.00 target price (up previously from $274.00) on shares of Boeing in a research note on Wednesday, September 20th. They noted that the move was a valuation call. Vetr downgraded Boeing from a “buy” rating to a “hold” rating and set a $267.03 target price on the stock. in a research note on Friday, October 6th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $310.00 target price (up previously from $300.00) on shares of Boeing in a research note on Tuesday, October 24th. Eleven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $270.67.

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Boeing 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.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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