Schwab Charles Investment Management Inc. Acquires 86,722 Shares of Boeing Co (BA)

Schwab Charles Investment Management Inc. lifted its holdings in Boeing Co (NYSE:BA) by 2.8% during the third quarter, Holdings Channel reports. The institutional investor owned 3,153,241 shares of the aircraft producer’s stock after purchasing an additional 86,722 shares during the period. Boeing comprises approximately 0.7% of Schwab Charles Investment Management Inc.’s portfolio, making the stock its 22nd largest holding. Schwab Charles Investment Management Inc.’s holdings in Boeing were worth $801,586,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC lifted its position in 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 purchasing an additional 4,852,679 shares during the last quarter. Jennison Associates LLC lifted its position in Boeing by 20.3% in 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 purchasing an additional 1,160,859 shares during the last quarter. Koch Industries Inc. lifted its position in 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 purchasing an additional 848,467 shares during the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in Boeing by 28,537.7% in 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 purchasing an additional 779,936 shares during the last quarter. Finally, APG Asset Management N.V. lifted its position in 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 purchasing an additional 646,500 shares during the last quarter. Institutional investors own 70.78% of the company’s stock.

Boeing Co (BA) opened at $329.66 on Friday. The firm has a market cap of $196,340.00, a P/E ratio of 24.49, a PEG ratio of 1.91 and a beta of 1.44. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. Boeing Co has a 1 year low of $163.69 and a 1 year high of $361.45.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, topping the consensus estimate of $2.91 by $1.89. The business had revenue of $25.37 billion for the quarter, compared to the consensus estimate of $24.78 billion. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $2.47 earnings per share. research analysts predict that Boeing Co will post 14.01 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a $1.71 dividend. This is an increase from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s dividend payout ratio (DPR) is 42.20%.

Boeing declared that its board has authorized a stock repurchase program on Monday, December 11th that permits the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Several analysts recently weighed in on BA shares. Buckingham Research reiterated a “hold” rating and issued a $203.00 price objective on shares of Boeing in a research report on Friday, December 22nd. Jefferies Group reiterated a “buy” rating and issued a $339.00 price objective on shares of Boeing in a research report on Monday, January 8th. Credit Suisse Group reiterated an “outperform” rating and issued a $375.00 price objective (up from $310.00) on shares of Boeing in a research report on Friday, January 12th. They noted that the move was a valuation call. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Goldman Sachs Group set a $293.00 price objective on shares of Boeing and gave the company a “neutral” rating in a research report on Wednesday, January 31st. Eleven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $352.44.

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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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