Sanctuary Wealth Advisors LLC purchased a new stake in Boeing Co (NYSE:BA) in the third quarter, Holdings Channel reports. The firm purchased 15,706 shares of the aircraft producer’s stock, valued at approximately $3,993,000. Boeing accounts for 3.1% of Sanctuary Wealth Advisors LLC’s holdings, making the stock its 9th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Todd Asset Management LLC bought a new position in Boeing in the third quarter worth approximately $11,653,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in Boeing by 444.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 304,349 shares of the aircraft producer’s stock worth $77,369,000 after buying an additional 248,419 shares in the last quarter. Capital Analysts LLC bought a new position in Boeing in the third quarter worth approximately $1,323,000. Toronto Dominion Bank raised its stake in Boeing by 10.7% in the third quarter. Toronto Dominion Bank now owns 225,782 shares of the aircraft producer’s stock worth $57,396,000 after buying an additional 21,735 shares in the last quarter. Finally, Dorsey Wright & Associates bought a new position in Boeing in the third quarter worth approximately $2,534,000. Hedge funds and other institutional investors own 70.76% of the company’s stock.

Boeing Co (NYSE BA) opened at $337.73 on Monday. The stock has a market capitalization of $201,140.00, a price-to-earnings ratio of 31.07, a PEG ratio of 2.16 and a beta of 1.23. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54. Boeing Co has a 12-month low of $157.29 and a 12-month high of $352.23.

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, topping analysts’ consensus estimates of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The business had revenue of $24.31 billion for the quarter, compared to the consensus estimate of $24.09 billion. During the same period in the prior year, the firm posted $3.51 earnings per share. The business’s quarterly revenue was up 1.7% on a year-over-year basis. equities research analysts anticipate that Boeing Co will post 10.17 EPS for the current year.

Boeing declared that its board has initiated a stock repurchase plan on Monday, December 11th that permits the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 2.03%. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s dividend payout ratio is presently 52.25%.

BA has been the subject of a number of recent research reports. Royal Bank of Canada set a $290.00 price objective on shares of Boeing and gave the stock a “hold” rating in a research note on Wednesday, November 15th. Jefferies Group boosted their price objective on shares of Boeing from $300.00 to $312.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. JPMorgan Chase & Co. set a $325.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $289.00 price objective for the company in a research note on Tuesday, October 10th. Finally, Buckingham Research set a $203.00 price objective on shares of Boeing and gave the stock a “hold” rating in a research note on Thursday, December 28th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $304.10.

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Boeing Profile

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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