Clear Creek Financial Management LLC boosted its stake in shares of Boeing Co (NYSE:BA) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,649 shares of the aircraft producer’s stock after buying an additional 50 shares during the period. Clear Creek Financial Management LLC’s holdings in Boeing were worth $548,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Nuveen Asset Management LLC boosted its holdings in shares of Boeing by 1,774.6% in the second quarter. Nuveen Asset Management LLC now owns 4,149,922 shares of the aircraft producer’s stock worth $1,510,613,000 after buying an additional 3,928,546 shares during the period. Johanson Financial Advisors Inc. raised its holdings in shares of Boeing by 35,366.3% during the fourth quarter. Johanson Financial Advisors Inc. now owns 2,840,145 shares of the aircraft producer’s stock valued at $8,716,000 after acquiring an additional 2,832,137 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Boeing by 7.9% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock valued at $13,009,918,000 after acquiring an additional 2,607,364 shares in the last quarter. Steadfast Capital Management LP purchased a new stake in shares of Boeing in the 2nd quarter valued at approximately $221,601,000. Finally, Canyon Capital Advisors LLC purchased a new stake in shares of Boeing in the 2nd quarter valued at approximately $110,139,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.
Several brokerages recently commented on BA. Canaccord Genuity restated a “hold” rating and issued a $350.00 price target (down previously from $370.00) on shares of Boeing in a research report on Friday. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Morgan Stanley reduced their price target on shares of Boeing from $500.00 to $450.00 and set an “overweight” rating for the company in a research report on Thursday, October 24th. Buckingham Research restated a “hold” rating and issued a $365.00 price target (down previously from $395.00) on shares of Boeing in a research report on Tuesday, October 29th. Finally, Vertical Research restated a “buy” rating and issued a $400.00 price target on shares of Boeing in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Boeing currently has a consensus rating of “Hold” and a consensus target price of $361.97.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.59). The firm had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The firm’s quarterly revenue was down 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.58 earnings per share. As a group, sell-side analysts predict that Boeing Co will post 0.96 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 14th will be issued a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $8.22 annualized dividend and a dividend yield of 2.49%. Boeing’s dividend payout ratio is 51.34%.
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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