Good Life Advisors LLC Grows Stock Holdings in Boeing Co (NYSE:BA)

Good Life Advisors LLC raised its position in shares of Boeing Co (NYSE:BA) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,993 shares of the aircraft producer’s stock after buying an additional 114 shares during the period. Good Life Advisors LLC’s holdings in Boeing were worth $649,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Capital Wealth Advisors increased its holdings in Boeing by 0.4% in the 3rd quarter. Vanguard Capital Wealth Advisors now owns 6,730 shares of the aircraft producer’s stock worth $2,560,000 after buying an additional 29 shares during the period. Pflug Koory LLC boosted its position in Boeing by 0.6% in the 3rd quarter. Pflug Koory LLC now owns 5,398 shares of the aircraft producer’s stock worth $2,054,000 after purchasing an additional 30 shares in the last quarter. LeJeune Puetz Investment Counsel LLC boosted its position in Boeing by 0.3% in the 3rd quarter. LeJeune Puetz Investment Counsel LLC now owns 10,904 shares of the aircraft producer’s stock worth $4,149,000 after purchasing an additional 30 shares in the last quarter. Lesa Sroufe & Co boosted its position in Boeing by 2.4% in the 3rd quarter. Lesa Sroufe & Co now owns 1,292 shares of the aircraft producer’s stock worth $492,000 after purchasing an additional 30 shares in the last quarter. Finally, OLD Dominion Capital Management Inc. boosted its position in Boeing by 0.8% in the 3rd quarter. OLD Dominion Capital Management Inc. now owns 3,587 shares of the aircraft producer’s stock worth $1,365,000 after purchasing an additional 30 shares in the last quarter. 68.42% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:BA traded down $2.17 during midday trading on Friday, reaching $329.83. 68,018 shares of the company’s stock traded hands, compared to its average volume of 5,691,366. Boeing Co has a 1 year low of $319.55 and a 1 year high of $446.01. The company has a market cap of $187.04 billion, a P/E ratio of 20.60, a PEG ratio of 2.68 and a beta of 1.19. The company has a fifty day simple moving average of $338.82 and a two-hundred day simple moving average of $353.99.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.59). Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The business had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $20 billion. During the same quarter last year, the business earned $3.58 EPS. The company’s quarterly revenue was down 20.5% on a year-over-year basis. On average, sell-side analysts forecast that Boeing Co will post 0.96 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 14th will be issued a $2.055 dividend. The ex-dividend date is Thursday, February 13th. This represents a $8.22 dividend on an annualized basis and a yield of 2.49%. Boeing’s payout ratio is currently 51.34%.

Several equities research analysts have commented on BA shares. Barclays restated an “equal weight” rating and issued a $353.00 price objective (down previously from $367.00) on shares of Boeing in a research report on Monday, November 4th. Berenberg Bank lowered Boeing from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $410.00 to $350.00 in a research report on Thursday, January 9th. Vertical Research restated a “buy” rating and issued a $400.00 price objective on shares of Boeing in a research report on Tuesday, December 17th. Jefferies Financial Group set a $420.00 price objective on Boeing and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Finally, Cowen lowered Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $419.00 to $371.00 in a research report on Wednesday, January 8th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the stock. Boeing currently has an average rating of “Hold” and a consensus price target of $361.97.

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.

Recommended Story: What sectors are represented in the FTSE 100 index?

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.