Boeing Co (BA) is Nwam LLC’s 9th Largest Position
Nwam LLC lowered its position in Boeing Co (NYSE:BA) by 1.2% during the third quarter, HoldingsChannel reports. The firm owned 27,353 shares of the aircraft producer’s stock after selling 320 shares during the quarter. Boeing makes up approximately 1.8% of Nwam LLC’s holdings, making the stock its 9th largest holding. Nwam LLC’s holdings in Boeing were worth $6,953,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Chemung Canal Trust Co. lifted its position in shares of Boeing by 1.9% in the first quarter. Chemung Canal Trust Co. now owns 24,438 shares of the aircraft producer’s stock worth $4,323,000 after buying an additional 449 shares during the last quarter. Bath Savings Trust Co lifted its position in shares of Boeing by 100.9% in the second quarter. Bath Savings Trust Co now owns 2,351 shares of the aircraft producer’s stock worth $465,000 after buying an additional 1,181 shares during the last quarter. Indiana Trust & Investment Management CO lifted its position in shares of Boeing by 0.5% in the second quarter. Indiana Trust & Investment Management CO now owns 6,643 shares of the aircraft producer’s stock worth $1,314,000 after buying an additional 36 shares during the last quarter. Stillwater Investment Management LLC lifted its position in shares of Boeing by 0.8% in the second quarter. Stillwater Investment Management LLC now owns 2,010 shares of the aircraft producer’s stock worth $397,000 after buying an additional 15 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services lifted its position in shares of Boeing by 0.5% in the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 22,974 shares of the aircraft producer’s stock worth $4,543,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 70.84% of the company’s stock.
Boeing Co (BA) opened at $320.26 on Thursday. Boeing Co has a 12 month low of $156.67 and a 12 month high of $322.15. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. The stock has a market capitalization of $190,740.00, a PE ratio of 29.46, a P/E/G ratio of 2.16 and a beta of 1.23.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. During the same period in the previous year, the company posted $3.51 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. equities analysts anticipate that Boeing Co will post 10.14 EPS for the current fiscal year.
Boeing declared that its Board of Directors has initiated a stock repurchase plan on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a yield of 2.14%. This is a positive change from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. Boeing’s payout ratio is currently 52.25%.
A number of analysts have weighed in on BA shares. Royal Bank of Canada set a $290.00 price target on Boeing and gave the stock a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group boosted their price target on Boeing from $300.00 to $312.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Canaccord Genuity reaffirmed a “hold” rating and issued a $235.00 price target (up previously from $215.00) on shares of Boeing in a research report on Sunday, September 17th. JPMorgan Chase & Co. set a $325.00 price objective on Boeing and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $289.00 price objective for the company in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company’s stock. Boeing currently has a consensus rating of “Hold” and a consensus price target of $277.79.
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The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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