Dfpg Investments Inc. boosted its holdings in shares of Boeing Co (NYSE:BA) by 23.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,110 shares of the aircraft producer’s stock after buying an additional 955 shares during the quarter. Boeing makes up approximately 2.2% of Dfpg Investments Inc.’s holdings, making the stock its 9th largest holding. Dfpg Investments Inc.’s holdings in Boeing were worth $2,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Boeing by 21,969.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock valued at $125,000 after purchasing an additional 40,145,567 shares during the period. Newport Trust Co increased its holdings in shares of Boeing by 4.2% in the fourth quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock valued at $10,801,254,000 after purchasing an additional 1,363,909 shares during the period. FMR LLC increased its holdings in shares of Boeing by 2.3% in the fourth quarter. FMR LLC now owns 8,730,206 shares of the aircraft producer’s stock valued at $2,815,492,000 after purchasing an additional 194,957 shares during the period. Jennison Associates LLC increased its holdings in shares of Boeing by 3.2% in the fourth quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock valued at $2,521,073,000 after purchasing an additional 245,100 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Boeing by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 6,262,103 shares of the aircraft producer’s stock worth $2,015,856,000 after acquiring an additional 214,945 shares during the period. 68.04% of the stock is currently owned by institutional investors.
Several analysts recently commented on BA shares. Morgan Stanley raised their target price on Boeing from $450.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, February 28th. Goldman Sachs Group set a $393.00 target price on Boeing and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Nord/LB reaffirmed a “sell” rating and set a $300.00 target price on shares of Boeing in a report on Wednesday, March 13th. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Finally, Citigroup started coverage on Boeing in a report on Wednesday, March 27th. They set a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company’s stock. Boeing currently has a consensus rating of “Hold” and an average target price of $407.97.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.05. The company had revenue of $22.92 billion for the quarter, compared to the consensus estimate of $23.04 billion. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. Boeing’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.64 earnings per share. On average, research analysts predict that Boeing Co will post 14.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 10th were given a $2.055 dividend. The ex-dividend date was Thursday, May 9th. This represents a $8.22 annualized dividend and a dividend yield of 2.37%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.
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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