Boeing Co (BA) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its stake in Boeing Co (NYSE:BA) by 5.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 738,770 shares of the aircraft producer’s stock after selling 43,707 shares during the period. Epoch Investment Partners Inc.’s holdings in Boeing were worth $242,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. grew its position in Boeing by 2.1% in the 4th quarter. BlackRock Inc. now owns 35,515,544 shares of the aircraft producer’s stock valued at $10,473,889,000 after acquiring an additional 713,832 shares in the last quarter. Geode Capital Management LLC grew its position in Boeing by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 5,811,840 shares of the aircraft producer’s stock valued at $1,710,303,000 after acquiring an additional 296,949 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in Boeing by 1.2% in the 4th quarter. TIAA CREF Investment Management LLC now owns 3,427,749 shares of the aircraft producer’s stock valued at $1,010,877,000 after acquiring an additional 41,260 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Boeing by 3.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 2,216,353 shares of the aircraft producer’s stock valued at $653,625,000 after acquiring an additional 82,411 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Boeing by 1.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,960,225 shares of the aircraft producer’s stock valued at $642,719,000 after acquiring an additional 30,696 shares in the last quarter. Hedge funds and other institutional investors own 69.57% of the company’s stock.

Shares of Boeing stock opened at $355.33 on Friday. Boeing Co has a one year low of $209.41 and a one year high of $374.48. The stock has a market cap of $207.91 billion, a PE ratio of 29.75, a P/E/G ratio of 1.77 and a beta of 1.41. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.15 and a quick ratio of 0.33.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 earnings per share for the quarter, topping the consensus estimate of $2.59 by $1.05. The firm had revenue of $23.38 billion during the quarter, compared to analysts’ expectations of $22.22 billion. Boeing had a return on equity of 3,774.27% and a net margin of 9.63%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.01 earnings per share. sell-side analysts predict that Boeing Co will post 14.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Investors of record on Friday, August 10th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Thursday, August 9th. Boeing’s payout ratio is 56.81%.

BA has been the subject of several research reports. Morgan Stanley set a $373.00 target price on Boeing and gave the company a “hold” rating in a research report on Thursday, March 22nd. Royal Bank of Canada reaffirmed a “hold” rating and issued a $358.00 target price (down from $378.00) on shares of Boeing in a research report on Friday, April 6th. Goldman Sachs Group set a $336.00 target price on Boeing and gave the company a “neutral” rating in a research report on Wednesday, April 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $400.00 target price on shares of Boeing in a research report on Friday, April 13th. Finally, Cowen reaffirmed a “buy” rating and issued a $415.00 target price on shares of Boeing in a research report on Tuesday, April 10th. Seven investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Boeing presently has an average rating of “Buy” and a consensus target price of $376.51.

In related news, SVP Heidi B. Capozzi sold 1,132 shares of Boeing stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $329.84, for a total value of $373,378.88. Following the transaction, the senior vice president now directly owns 24,416 shares in the company, valued at approximately $8,053,373.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP J Michael Luttig sold 9,000 shares of Boeing stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $344.13, for a total value of $3,097,170.00. Following the completion of the transaction, the executive vice president now owns 27,878 shares in the company, valued at $9,593,656.14. The disclosure for this sale can be found here. Insiders sold a total of 12,373 shares of company stock worth $4,233,094 over the last 90 days. Insiders own 0.24% of the company’s stock.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight, and launch systems and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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