First Citizens Financial Corp acquired a new stake in Boeing Co (NYSE:BA) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,252 shares of the aircraft producer’s stock, valued at approximately $408,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. 1 North Wealth Services LLC acquired a new stake in shares of Boeing during the 3rd quarter worth about $32,000. Atwater Malick LLC acquired a new stake in shares of Boeing in the third quarter worth approximately $39,000. Transamerica Financial Advisors Inc. acquired a new stake in shares of Boeing in the second quarter worth approximately $40,000. Veritas Investment Management LLP acquired a new stake in shares of Boeing in the third quarter worth approximately $40,000. Finally, Selective Wealth Management Inc. acquired a new stake in shares of Boeing in the third quarter worth approximately $44,000. 68.88% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:BA traded down $10.78 during midday trading on Tuesday, reaching $313.37. The company had a trading volume of 19,295,729 shares, compared to its average volume of 7,606,698. The stock’s fifty day moving average price is $334.53 and its 200-day moving average price is $353.08. The stock has a market capitalization of $182.43 billion, a P/E ratio of 48.06, a PEG ratio of 2.61 and a beta of 1.19. Boeing Co has a one year low of $305.75 and a one year high of $446.01.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.59). The company had revenue of $19.98 billion during the quarter, compared to the consensus estimate of $20 billion. Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The firm’s quarterly revenue was down 20.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.58 EPS. As a group, equities analysts anticipate that Boeing Co will post 0.96 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 14th will be paid a $2.055 dividend. The ex-dividend date is Thursday, February 13th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.62%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

Several equities research analysts recently issued reports on the stock. Vertical Research reissued a “buy” rating and issued a $400.00 target price on shares of Boeing in a research report on Tuesday, December 17th. Credit Suisse Group reiterated a “neutral” rating and set a $324.00 price objective on shares of Boeing in a research note on Wednesday, January 8th. Goldman Sachs Group reiterated a “neutral” rating and set a $324.00 price objective on shares of Boeing in a research note on Monday, December 9th. Bank of America dropped their price objective on shares of Boeing from $370.00 to $360.00 and set a “neutral” rating on the stock in a research note on Monday, December 23rd. Finally, Morgan Stanley dropped their price objective on shares of Boeing from $500.00 to $450.00 and set an “overweight” rating on the stock in a research note on Thursday, October 24th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. Boeing has an average rating of “Hold” and a consensus target price of $361.97.

Boeing Company 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.

Further Reading: Price to Earnings Ratio (PE) Basics

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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