WoodTrust Financial Corp Cuts Holdings in Boeing Co (NYSE:BA)

WoodTrust Financial Corp cut its position in shares of Boeing Co (NYSE:BA) by 4.4% during the 4th quarter, Holdings Channel reports. The firm owned 11,205 shares of the aircraft producer’s stock after selling 510 shares during the quarter. Boeing makes up approximately 1.4% of WoodTrust Financial Corp’s holdings, making the stock its 27th largest holding. WoodTrust Financial Corp’s holdings in Boeing were worth $3,650,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in Boeing by 0.8% in the 2nd quarter. BlackRock Inc. now owns 34,081,637 shares of the aircraft producer’s stock worth $12,406,056,000 after acquiring an additional 264,410 shares during the last quarter. Johanson Financial Advisors Inc. lifted its holdings in 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 purchasing an additional 2,832,137 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in Boeing by 2.2% during the third quarter. Parametric Portfolio Associates LLC now owns 1,511,415 shares of the aircraft producer’s stock valued at $575,048,000 after purchasing an additional 32,801 shares during the last quarter. Eaton Vance Management boosted its position in Boeing by 3.7% during the second quarter. Eaton Vance Management now owns 1,268,982 shares of the aircraft producer’s stock worth $461,920,000 after purchasing an additional 45,203 shares during the period. Finally, Primecap Management Co. CA boosted its position in Boeing by 0.8% during the second quarter. Primecap Management Co. CA now owns 1,255,129 shares of the aircraft producer’s stock worth $456,880,000 after purchasing an additional 10,050 shares during the period. 68.88% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. Goldman Sachs Group reiterated a “neutral” rating and issued a $324.00 target price on shares of Boeing in a research note on Monday, December 9th. ValuEngine upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Vertical Research downgraded shares of Boeing from a “buy” rating to a “hold” rating and cut their price objective for the stock from $388.00 to $294.00 in a report on Wednesday. Robert W. Baird reduced their price objective on shares of Boeing from $342.00 to $322.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. Finally, Buckingham Research reissued a “hold” rating and set a $365.00 target price (down previously from $395.00) on shares of Boeing in a report on Tuesday, October 29th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $354.51.

NYSE BA opened at $313.37 on Wednesday. The company’s 50 day simple moving average is $334.53 and its two-hundred day simple moving average is $353.08. Boeing Co has a 1 year low of $305.75 and a 1 year high of $446.01. The stock has a market capitalization of $182.43 billion, a PE ratio of 48.06, a P/E/G ratio of 2.72 and a beta of 1.19.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.59). The firm had revenue of $19.98 billion for the quarter, compared to analysts’ expectations of $20 billion. Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The firm’s revenue for the quarter was down 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.58 earnings per share. On average, analysts forecast that Boeing Co will post 0.76 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 14th will be given a $2.055 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.62%. Boeing’s dividend payout ratio (DPR) is presently 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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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