LifePlan Financial Group Inc acquired a new stake in shares of Boeing Co (NYSE:BA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,092 shares of the aircraft producer’s stock, valued at approximately $278,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in BA. Beach Investment Management LLC. purchased a new position in shares of Boeing during the second quarter valued at approximately $429,000. Convergence Investment Partners LLC lifted its stake in shares of Boeing by 1.7% during the second quarter. Convergence Investment Partners LLC now owns 55,969 shares of the aircraft producer’s stock valued at $11,068,000 after buying an additional 942 shares during the period. Signature Financial Management Inc. purchased a new position in shares of Boeing during the second quarter valued at approximately $245,000. Bingham Osborn & Scarborough LLC lifted its stake in shares of Boeing by 2.4% during the second quarter. Bingham Osborn & Scarborough LLC now owns 1,320 shares of the aircraft producer’s stock valued at $261,000 after buying an additional 31 shares during the period. Finally, Accredited Investors Inc. lifted its stake in shares of Boeing by 0.4% during the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after buying an additional 6 shares during the period. 70.45% of the stock is currently owned by institutional investors and hedge funds.
In other news, CFO Gregory D. Smith sold 36,079 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.
Shares of Boeing Co (NYSE:BA) opened at $355.04 on Friday. Boeing Co has a 52-week low of $170.40 and a 52-week high of $361.45. The stock has a market cap of $208,937.48, a price-to-earnings ratio of 29.39, a PEG ratio of 1.84 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 (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The company had revenue of $25.37 billion during the quarter, compared to analyst estimates of $24.78 billion. During the same quarter in the prior year, the business earned $2.47 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. research analysts forecast that Boeing Co will post 14.06 EPS for the current fiscal year.
Boeing announced that its board has initiated a stock repurchase program on Monday, December 11th that allows the company to repurchase $18.00 billion in shares. This repurchase authorization allows the aircraft producer to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed 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. The ex-dividend date is Thursday, February 8th. This represents a $6.84 annualized dividend and a dividend yield of 1.93%. This is a positive change from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio is presently 50.78%.
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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