15,335 Shares in Boeing Co (BA) Purchased by Mendel Money Management

Mendel Money Management bought a new position in shares of Boeing Co (NYSE:BA) in the third quarter, HoldingsChannel.com reports. The fund bought 15,335 shares of the aircraft producer’s stock, valued at approximately $5,703,000. Boeing makes up approximately 5.5% of Mendel Money Management’s portfolio, making the stock its 3rd largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Hudock Capital Group LLC raised its stake in Boeing by 3.4% during the second quarter. Hudock Capital Group LLC now owns 4,341 shares of the aircraft producer’s stock worth $1,456,000 after acquiring an additional 144 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC raised its stake in Boeing by 0.5% during the second quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 30,349 shares of the aircraft producer’s stock worth $10,182,000 after acquiring an additional 146 shares in the last quarter. TNB Financial raised its stake in Boeing by 1.6% during the second quarter. TNB Financial now owns 9,397 shares of the aircraft producer’s stock worth $3,153,000 after acquiring an additional 149 shares in the last quarter. Bourne Lent Asset Management Inc. raised its stake in Boeing by 9.5% during the second quarter. Bourne Lent Asset Management Inc. now owns 1,728 shares of the aircraft producer’s stock worth $580,000 after acquiring an additional 150 shares in the last quarter. Finally, First United Bank Trust raised its stake in Boeing by 24.3% during the third quarter. First United Bank Trust now owns 768 shares of the aircraft producer’s stock worth $286,000 after acquiring an additional 150 shares in the last quarter. 70.13% of the stock is owned by institutional investors.

In related news, SVP Jenette E. Ramos sold 1,640 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $367.52, for a total value of $602,732.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Diana L. Sands sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Several research analysts have commented on BA shares. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $407.00 target price for the company in a research note on Friday, October 26th. 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. Cowen reissued a “buy” rating and set a $445.00 target price on shares of Boeing in a research note on Monday, October 1st. 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. Finally, Canaccord Genuity reissued a “hold” rating and set a $360.00 target price (up previously from $350.00) on shares of Boeing in a research note on Thursday, October 25th. Eight investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $410.21.

NYSE:BA opened at $346.76 on Friday. The stock has a market cap of $196.92 billion, a PE ratio of 22.59, a PEG ratio of 1.73 and a beta of 1.30. The company has a current ratio of 1.10, a quick ratio of 0.32 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 released its quarterly earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.47 by $0.11. The company had revenue of $25.15 billion for the quarter, compared to analysts’ expectations of $23.84 billion. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.72 earnings per share. As a group, sell-side analysts anticipate that Boeing Co will post 15.05 earnings per share for the current year.

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

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Boeing Company 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.

See Also: What is a balanced fund?

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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