Boeing Co (BA) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management trimmed its holdings in shares of Boeing Co (NYSE:BA) by 1.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,000 shares of the aircraft producer’s stock after selling 600 shares during the quarter. Picton Mahoney Asset Management’s holdings in Boeing were worth $12,273,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BA. Cornerstone Wealth Management LLC increased its position in shares of Boeing by 33,433.9% during the second quarter. Cornerstone Wealth Management LLC now owns 2,409,747 shares of the aircraft producer’s stock valued at $7,169,000 after acquiring an additional 2,402,561 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Boeing by 23.3% during the second quarter. Janus Henderson Group PLC now owns 5,928,288 shares of the aircraft producer’s stock valued at $1,989,009,000 after acquiring an additional 1,121,675 shares during the last quarter. FMR LLC increased its position in shares of Boeing by 16.0% during the second quarter. FMR LLC now owns 7,415,662 shares of the aircraft producer’s stock valued at $2,488,029,000 after acquiring an additional 1,023,959 shares during the last quarter. Boston Partners purchased a new stake in shares of Boeing during the second quarter valued at approximately $328,421,000. Finally, Fred Alger Management Inc. increased its position in shares of Boeing by 85.0% during the second quarter. Fred Alger Management Inc. now owns 1,134,934 shares of the aircraft producer’s stock valued at $380,782,000 after acquiring an additional 521,442 shares during the last quarter. 69.65% of the stock is owned by institutional investors.

BA has been the subject of a number of research analyst reports. Berenberg Bank reaffirmed a “buy” rating and set a $430.00 price target on shares of Boeing in a research report on Monday, September 3rd. ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Jefferies Financial Group increased their price target on Boeing to $410.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Morgan Stanley set a $400.00 price target on Boeing and gave the company a “hold” rating in a research report on Friday, September 28th. Finally, Cowen reaffirmed a “buy” rating and set a $445.00 price target on shares of Boeing in a research report on Monday, October 1st. Eight equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Boeing presently has a consensus rating of “Buy” and a consensus target price of $410.21.



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

NYSE:BA opened at $318.75 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 1 year low of $293.01 and a 1 year high of $394.28. The firm has a market capitalization of $181.01 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 1.59 and a beta of 1.30.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.47 by $0.11. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The business had revenue of $25.15 billion during the quarter, compared to the consensus estimate of $23.84 billion. During the same period last year, the business posted $2.72 earnings per share. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, equities research analysts predict that Boeing Co will post 15.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 7th. Shareholders of record on Friday, November 9th were given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Thursday, November 8th. Boeing’s dividend payout ratio is currently 56.81%.

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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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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