Berkshire Asset Management LLC PA Has $547,000 Holdings in Boeing Co (BA)

Berkshire Asset Management LLC PA reduced its stake in Boeing Co (NYSE:BA) by 24.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,152 shares of the aircraft producer’s stock after selling 683 shares during the quarter. Berkshire Asset Management LLC PA’s holdings in Boeing were worth $547,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Clear Perspective Advisors LLC lifted its stake in shares of Boeing by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares during the last quarter. Vantage Investment Advisors LLC lifted its stake in shares of Boeing by 11.1% in the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after purchasing an additional 84 shares during the last quarter. CWH Capital Management Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at $134,000. Catamount Wealth Management acquired a new position in shares of Boeing in the 2nd quarter valued at $138,000. Finally, Herndon Capital Management LLC lifted its stake in shares of Boeing by 29.7% in the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 70.84% of the company’s stock.

Boeing Co (NYSE:BA) opened at $308.84 on Friday. Boeing Co has a 12 month low of $156.67 and a 12 month high of $308.89. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. The stock has a market capitalization of $183,940.00, a PE ratio of 28.41, a P/E/G ratio of 2.08 and a beta of 1.23.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same quarter in the prior year, the company earned $3.51 EPS. Boeing’s revenue was up 1.7% on a year-over-year basis. analysts forecast that Boeing Co will post 10.14 earnings per share for the current year.

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 yield of 2.21%. This is a positive change from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is currently 52.25%.

Boeing announced that its board has initiated a share repurchase plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization authorizes the aircraft producer to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

BA has been the topic of several recent analyst reports. Cowen reaffirmed a “buy” rating and issued a $300.00 price target on shares of Boeing in a research note on Tuesday, September 12th. Vetr lowered Boeing from a “strong-buy” rating to a “buy” rating and set a $269.69 price target on the stock. in a research note on Wednesday, September 13th. Deutsche Bank upped their price target on Boeing to $300.00 and gave the company a “buy” rating in a research note on Thursday, September 14th. Jefferies Group reaffirmed a “buy” rating and issued a $275.00 price target on shares of Boeing in a research note on Saturday, September 16th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $235.00 price target (up previously from $215.00) on shares of Boeing in a research note on Sunday, September 17th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. Boeing has a consensus rating of “Hold” and an average target price of $274.67.

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About Boeing

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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