Godsey & Gibb Associates Sells 1,620 Shares of Boeing Co (BA)

Godsey & Gibb Associates decreased its holdings in shares of Boeing Co (NYSE:BA) by 2.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 62,766 shares of the aircraft producer’s stock after selling 1,620 shares during the quarter. Boeing comprises about 2.7% of Godsey & Gibb Associates’ holdings, making the stock its 2nd biggest position. Godsey & Gibb Associates’ holdings in Boeing were worth $15,955,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BA. Janus Henderson Group PLC grew its holdings in shares of Boeing by 7,215.0% during the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after buying an additional 4,852,679 shares in the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of Boeing by 18,613.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock worth $6,787,000 after buying an additional 1,334,957 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Boeing by 20.3% during the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after acquiring an additional 1,160,859 shares during the last quarter. Koch Industries Inc. boosted its position in shares of Boeing by 61,128.7% during 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, Old Mutual Global Investors UK Ltd. boosted its position in shares of Boeing by 28,537.7% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 782,669 shares of the aircraft producer’s stock valued at $198,962,000 after acquiring an additional 779,936 shares during the last quarter. 70.87% of the stock is owned by institutional investors and hedge funds.

Boeing Co (BA) opened at $351.01 on Thursday. Boeing Co has a 1 year low of $156.75 and a 1 year high of $352.23. 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 company has a market cap of $209,050.00, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The company had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. During the same quarter in the prior year, the company posted $3.51 earnings per share. Boeing’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities research analysts forecast that Boeing Co will post 10.13 EPS for the current fiscal year.

Boeing declared that its board has approved a share buyback 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 reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

The business also recently announced 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 is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a yield of 1.95%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio is presently 52.25%.

BA has been the topic of several recent research reports. Buckingham Research reissued a “hold” rating and set a $203.00 price target on shares of Boeing in a research report on Friday, December 22nd. Jefferies Group reissued a “buy” rating and set a $339.00 price target on shares of Boeing in a research report on Monday, January 8th. Credit Suisse Group reissued an “outperform” rating and set a $375.00 price target (up previously from $310.00) on shares of Boeing in a research report on Friday, January 12th. They noted that the move was a valuation call. Nord/LB set a $250.00 price target on shares of Boeing and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Finally, Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $330.00 price target on the stock in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and fifteen have assigned a buy rating to the company. Boeing has a consensus rating of “Buy” and a consensus target price of $304.10.

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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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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