Boeing Co (BA) Stake Lifted by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. lifted its stake in shares of Boeing Co (NYSE:BA) by 4.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 32,520 shares of the aircraft producer’s stock after acquiring an additional 1,470 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Boeing were worth $12,094,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. CSat Investment Advisory L.P. purchased a new position in shares of Boeing during the 2nd quarter worth about $101,000. Icon Wealth Partners LLC purchased a new position in shares of Boeing during the 2nd quarter worth about $125,000. James Hambro & Partners purchased a new position in shares of Boeing during the 2nd quarter worth about $142,000. Marshall & Sullivan Inc. WA purchased a new position in shares of Boeing during the 2nd quarter worth about $163,000. Finally, Avestar Capital LLC lifted its holdings in shares of Boeing by 544.7% during the 2nd quarter. Avestar Capital LLC now owns 490 shares of the aircraft producer’s stock worth $161,000 after acquiring an additional 414 shares during the period. Institutional investors and hedge funds own 69.64% of the company’s stock.

In other news, SVP Jenette E. Ramos sold 1,640 shares of the firm’s stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $367.52, for a total transaction of $602,732.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Diana L. Sands sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.



Shares of NYSE:BA opened at $331.90 on Friday. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32. Boeing Co has a 52-week low of $277.80 and a 52-week high of $394.28. The company has a market capitalization of $194.50 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 1.71 and a beta of 1.30.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.47 by $0.11. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The company had revenue of $25.15 billion during the quarter, compared to the consensus estimate of $23.84 billion. During the same quarter last year, the company earned $2.72 earnings per share. Boeing’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts anticipate that Boeing Co will post 15.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 2.06%. The ex-dividend date is Thursday, November 8th. Boeing’s dividend payout ratio (DPR) is 56.81%.

BA has been the subject of a number of research analyst reports. Morgan Stanley set a $400.00 target price on shares of Boeing and gave the stock a “hold” rating in a research report on Friday, September 28th. Jefferies Financial Group increased their target price on shares of Boeing from $415.00 to $420.00 and gave the stock a “buy” rating in a research report on Thursday, October 25th. Societe Generale set a $409.00 target price on shares of Boeing and gave the stock a “buy” rating in a research report on Thursday, October 25th. Goldman Sachs Group set a $387.00 target price on shares of Boeing and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Finally, Berenberg Bank reissued a “buy” rating and set a $430.00 target price on shares of Boeing in a research report on Monday, September 3rd. Eight analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $410.21.

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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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