Winthrop Advisory Group LLC Raises Stake in Boeing Co (BA)

Winthrop Advisory Group LLC grew its position in Boeing Co (NYSE:BA) by 10.2% during the third quarter, HoldingsChannel reports. The firm owned 1,627 shares of the aircraft producer’s stock after buying an additional 151 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Boeing were worth $605,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. CSat Investment Advisory L.P. acquired a new stake in shares of Boeing in the second quarter valued at about $101,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Boeing in the first quarter valued at about $108,000. Icon Wealth Partners LLC acquired a new stake in shares of Boeing in the second quarter valued at about $125,000. James Hambro & Partners acquired a new position in Boeing during the second quarter worth approximately $142,000. Finally, Avestar Capital LLC increased its position in Boeing by 544.7% during the second quarter. Avestar Capital LLC now owns 490 shares of the aircraft producer’s stock worth $161,000 after buying an additional 414 shares during the last quarter. Institutional investors own 70.13% of the company’s stock.

Boeing stock opened at $346.76 on Friday. Boeing Co has a 12 month low of $266.15 and a 12 month high of $394.28. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.32 and a current ratio of 1.10. The company has a market capitalization of $196.92 billion, a PE ratio of 28.80, a PEG ratio of 1.73 and a beta of 1.30.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be given a $1.71 dividend. 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 payout ratio is 56.81%.

A number of equities analysts have weighed in on the company. Goldman Sachs Group set a $387.00 price target on Boeing and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Berenberg Bank reissued a “buy” rating and set a $430.00 price target on shares of Boeing in a research report on Monday, September 3rd. Argus reissued a “fair value” rating and set a $395.00 price target on shares of Boeing in a research report on Thursday, October 25th. Sanford C. Bernstein boosted their price target on Boeing from $426.00 to $440.00 and gave the stock a “positive” rating in a research report on Friday, October 26th. Finally, Jefferies Financial Group set a $420.00 price target on Boeing and gave the stock a “buy” rating in a research report on Tuesday, November 13th. Eight equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Boeing currently has an average rating of “Buy” and a consensus target price of $410.21.

In other 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 transaction was disclosed in a filing with the SEC, which is available at 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. 0.24% of the stock is currently owned by corporate insiders.

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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.

Further Reading: Why do company’s buyback their stock?

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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