Boeing Co (NYSE:BA) Shares Bought by Manning & Napier Group LLC

Manning & Napier Group LLC lifted its holdings in shares of Boeing Co (NYSE:BA) by 25.9% in the first quarter, HoldingsChannel.com reports. The firm owned 118,431 shares of the aircraft producer’s stock after acquiring an additional 24,395 shares during the quarter. Manning & Napier Group LLC’s holdings in Boeing were worth $45,171,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Triangle Securities Wealth Management grew its stake in Boeing by 2.6% during the fourth quarter. Triangle Securities Wealth Management now owns 3,301 shares of the aircraft producer’s stock valued at $1,065,000 after acquiring an additional 85 shares in the last quarter. Vanguard Capital Wealth Advisors lifted its holdings in shares of Boeing by 7.3% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 8,119 shares of the aircraft producer’s stock worth $2,618,000 after acquiring an additional 553 shares during the last quarter. Cooper Financial Group bought a new stake in shares of Boeing in the 4th quarter worth approximately $1,961,000. Bourgeon Capital Management LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $279,000. Finally, Nadler Financial Group Inc. lifted its holdings in shares of Boeing by 8.4% in the 4th quarter. Nadler Financial Group Inc. now owns 850 shares of the aircraft producer’s stock worth $274,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 68.04% of the company’s stock.

Shares of Boeing stock opened at $349.33 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. The firm has a market cap of $198.86 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 2.19 and a beta of 1.31. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01.



Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.05. The business had revenue of $22.92 billion for the quarter, compared to the consensus estimate of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.64 EPS. On average, analysts forecast that Boeing Co will post 14.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 10th were given a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Thursday, May 9th. Boeing’s payout ratio is currently 51.34%.

A number of equities research analysts have recently weighed in on BA shares. TheStreet lowered shares of Boeing from an “a+” rating to a “c+” rating in a report on Wednesday, April 24th. ValuEngine lowered shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday, May 13th. Berenberg Bank set a $430.00 price objective on shares of Boeing and gave the stock a “buy” rating in a report on Thursday, April 25th. Credit Suisse Group restated a “buy” rating and issued a $440.00 price objective on shares of Boeing in a report on Friday, April 12th. Finally, Buckingham Research lowered their price target on shares of Boeing from $390.00 to $370.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $407.97.

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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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