Hillsdale Investment Management Inc. raised its holdings in Boeing Co (NYSE:BA) by 12.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,850 shares of the aircraft producer’s stock after purchasing an additional 210 shares during the period. Hillsdale Investment Management Inc.’s holdings in Boeing were worth $470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Lipe & Dalton acquired a new stake in shares of Boeing in the 3rd quarter valued at $100,000. Burt Wealth Advisors acquired a new stake in shares of Boeing in the 3rd quarter valued at $100,000. Clear Perspective Advisors LLC boosted its stake in shares of Boeing by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares in the last quarter. Vantage Investment Advisors LLC boosted its stake in shares of Boeing by 11.1% in the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after purchasing an additional 84 shares in the last quarter. Finally, CWH Capital Management Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at $134,000. 70.78% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Boeing Co (BA) opened at $329.66 on Friday. The company has a debt-to-equity ratio of 23.74, a current ratio of 1.16 and a quick ratio of 0.37. The company has a market capitalization of $196,340.00, a PE ratio of 24.49, a PEG ratio of 1.91 and a beta of 1.44. Boeing Co has a 52 week low of $163.69 and a 52 week high of $361.45.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. The company had revenue of $25.37 billion during the quarter, compared to analysts’ expectations of $24.78 billion. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. Boeing’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.47 EPS. sell-side analysts predict that Boeing Co will post 14.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This is a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.07%. Boeing’s dividend payout ratio is 42.20%.

Boeing announced that its Board of Directors has approved a share repurchase plan on Monday, December 11th that authorizes the company to repurchase $18.00 billion in shares. This repurchase authorization authorizes 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 stock is undervalued.

Several equities research analysts have recently commented on BA shares. Sanford C. Bernstein boosted their target price on shares of Boeing from $402.00 to $422.00 in a research note on Friday, February 2nd. Argus restated a “buy” rating and issued a $290.00 target price (up previously from $270.00) on shares of Boeing in a research note on Friday, October 27th. JPMorgan Chase & Co. restated a “buy” rating and issued a $300.00 target price on shares of Boeing in a research note on Thursday, October 26th. Cowen reiterated a “buy” rating and set a $315.00 price target on shares of Boeing in a research report on Thursday, October 26th. Finally, Jefferies Group upped their price target on shares of Boeing from $300.00 to $312.00 and gave the stock a “buy” rating in a research report on Tuesday, November 21st. Eleven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $352.44.

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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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