Public Employees Retirement Association of Colorado Reduces Stake in Boeing Co (BA)

Public Employees Retirement Association of Colorado cut its position in Boeing Co (NYSE:BA) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 254,067 shares of the aircraft producer’s stock after selling 385 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Boeing were worth $94,488,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CSat Investment Advisory L.P. acquired a new position in Boeing during the 2nd quarter worth $101,000. Mount Yale Investment Advisors LLC acquired a new position in Boeing during the 1st quarter worth $108,000. Icon Wealth Partners LLC acquired a new position in Boeing during the 2nd quarter worth $125,000. James Hambro & Partners acquired a new position in Boeing during the 2nd quarter worth $142,000. Finally, Avestar Capital LLC grew its stake in Boeing by 544.7% during the 2nd quarter. Avestar Capital LLC now owns 490 shares of the aircraft producer’s stock worth $161,000 after purchasing an additional 414 shares in the last quarter. 70.13% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $350.07, for a total value of $1,750,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jenette E. Ramos sold 1,640 shares of the business’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $367.52, for a total value of $602,732.80. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

Shares of NYSE BA opened at $346.76 on Friday. The stock has a market cap of $194.53 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 1.71 and a beta of 1.30. The company has a quick ratio of 0.32, a current ratio of 1.10 and a debt-to-equity ratio of 8.07. Boeing Co has a 1 year low of $266.15 and a 1 year high of $394.28.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.11. The company had revenue of $25.15 billion during the quarter, compared to the consensus estimate of $23.84 billion. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. Boeing’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.72 EPS. On average, equities research analysts expect that Boeing Co will post 15.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be issued a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, November 8th. Boeing’s dividend payout ratio (DPR) is 56.81%.

Several research analysts recently commented on BA shares. Jefferies Financial Group boosted their target price on Boeing to $410.00 and gave the stock a “buy” rating in a research note on Thursday, September 6th. Goldman Sachs Group set a $387.00 target price on Boeing and gave the stock a “neutral” rating in a research note on Wednesday, October 24th. Berenberg Bank reissued a “buy” rating and set a $430.00 target price on shares of Boeing in a research note on Monday, September 3rd. Morgan Stanley set a $400.00 target price on Boeing and gave the stock a “hold” rating in a research note on Friday, September 28th. Finally, Credit Suisse Group boosted their target price on Boeing from $455.00 to $456.00 and gave the stock an “outperform” rating in a research note on Thursday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $410.21.

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Boeing Profile

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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