First National Bank of Mount Dora Trust Investment Services trimmed its holdings in shares of Boeing Co (NYSE:BA) by 2.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,009 shares of the aircraft producer’s stock after selling 356 shares during the quarter. Boeing accounts for approximately 2.7% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 9th biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Boeing were worth $5,485,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Birmingham Capital Management Co. Inc. AL boosted its stake in shares of Boeing by 3.4% in the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 1,502 shares of the aircraft producer’s stock valued at $559,000 after buying an additional 50 shares during the period. WealthPLAN Partners LLC lifted its stake in Boeing by 0.8% during the third quarter. WealthPLAN Partners LLC now owns 7,392 shares of the aircraft producer’s stock worth $2,349,000 after purchasing an additional 62 shares during the last quarter. Waldron Private Wealth LLC lifted its stake in Boeing by 4.4% during the third quarter. Waldron Private Wealth LLC now owns 1,626 shares of the aircraft producer’s stock worth $604,000 after purchasing an additional 68 shares during the last quarter. Cornerstone Advisors Inc. lifted its stake in Boeing by 2.2% during the third quarter. Cornerstone Advisors Inc. now owns 3,630 shares of the aircraft producer’s stock worth $1,350,000 after purchasing an additional 79 shares during the last quarter. Finally, Garde Capital Inc. lifted its stake in Boeing by 1.9% during the third quarter. Garde Capital Inc. now owns 7,470 shares of the aircraft producer’s stock worth $2,551,000 after purchasing an additional 139 shares during the last quarter. 69.58% of the stock is owned by hedge funds and other institutional investors.

BA has been the subject of several recent analyst reports. Credit Suisse Group restated a “buy” rating and set a $456.00 target price on shares of Boeing in a research note on Tuesday, December 18th. Zacks Investment Research raised Boeing from a “hold” rating to a “buy” rating and set a $407.00 price target on the stock in a research report on Friday, October 26th. UBS Group reaffirmed a “buy” rating on shares of Boeing in a research report on Wednesday, January 9th. Cowen reaffirmed a “buy” rating and set a $445.00 price target on shares of Boeing in a research report on Monday, October 1st. Finally, Morgan Stanley lowered Boeing from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $400.00 to $450.00 in a research report on Thursday, January 10th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Boeing has a consensus rating of “Buy” and a consensus price target of $410.55.

In other news, SVP Jenette E. Ramos sold 1,640 shares of the company’s stock in a transaction on Friday, November 9th. The stock was sold at an average price of $367.52, for a total value of $602,732.80. The sale was disclosed in a filing with the SEC, which is available through this link. 0.24% of the stock is owned by corporate insiders.

BA opened at $364.20 on Monday. The firm has a market cap of $206.82 billion, a price-to-earnings ratio of 23.73, a PEG ratio of 1.50 and a beta of 1.24. Boeing Co has a one year low of $292.47 and a one year high of $394.28.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 8th will be given a $2.055 dividend. This is an increase from Boeing’s previous quarterly dividend of $1.71. This represents a $8.22 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, February 7th. Boeing’s dividend payout ratio is currently 56.81%.

Boeing declared that its board has approved a stock buyback plan on Monday, December 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the aircraft producer to purchase up to 11.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

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About Boeing

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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