Public Employees Retirement Association of Colorado Decreases Holdings in Boeing Co (NYSE:BA)

Public Employees Retirement Association of Colorado cut its stake in shares of Boeing Co (NYSE:BA) by 8.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 414,326 shares of the aircraft producer’s stock after selling 36,515 shares during the quarter. Boeing makes up about 1.0% of Public Employees Retirement Association of Colorado’s holdings, making the stock its 21st largest holding. Public Employees Retirement Association of Colorado’s holdings in Boeing were worth $157,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NuWave Investment Management LLC boosted its holdings in Boeing by 554.5% in the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock worth $26,000 after buying an additional 61 shares during the period. Guidant Wealth Advisors bought a new position in Boeing in the 2nd quarter worth $28,000. 1 North Wealth Services LLC bought a new position in Boeing in the 3rd quarter worth $32,000. Atwater Malick LLC bought a new position in Boeing in the 3rd quarter worth $39,000. Finally, Transamerica Financial Advisors Inc. bought a new position in Boeing in the 2nd quarter worth $40,000. Institutional investors and hedge funds own 67.84% of the company’s stock.

Shares of NYSE BA traded down $6.31 during mid-day trading on Friday, hitting $351.00. 3,117,554 shares of the company’s stock traded hands, compared to its average volume of 5,364,701. The company’s 50-day moving average is $362.82 and its two-hundred day moving average is $358.59. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.11 and a quick ratio of 0.31. The company has a market capitalization of $201.64 billion, a P/E ratio of 21.92, a PEG ratio of 39.90 and a beta of 1.24. Boeing Co has a 1 year low of $292.47 and a 1 year high of $446.01.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.59). The business had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The firm’s quarterly revenue was down 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.58 earnings per share. Equities analysts anticipate that Boeing Co will post 1.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 8th will be given a dividend of $2.055 per share. This represents a $8.22 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Thursday, November 7th. Boeing’s dividend payout ratio is 51.34%.

Several research analysts have commented on BA shares. UBS Group raised shares of Boeing from a “neutral” rating to a “buy” rating in a report on Wednesday, October 23rd. Barclays reissued an “equal weight” rating and set a $353.00 price objective (down previously from $367.00) on shares of Boeing in a report on Monday, November 4th. Buckingham Research reissued a “hold” rating and set a $365.00 price objective (down previously from $395.00) on shares of Boeing in a report on Tuesday, October 29th. Bank of America set a $370.00 price objective on shares of Boeing and gave the company a “hold” rating in a report on Monday, October 21st. Finally, Morgan Stanley dropped their price objective on shares of Boeing from $500.00 to $450.00 and set an “overweight” rating for the company in a report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company’s stock. Boeing has a consensus rating of “Hold” and an average target price of $379.30.

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.

Recommended Story: Insider Trading

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)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit