Guild Investment Management Inc. acquired a new position in shares of Boeing Co (NYSE:BA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,960 shares of the aircraft producer’s stock, valued at approximately $498,000. Boeing makes up approximately 0.5% of Guild Investment Management Inc.’s investment portfolio, making the stock its 25th biggest position.
A number of other hedge funds also recently added to or reduced their stakes in the business. Clear Perspective Advisors LLC grew its position in shares of Boeing by 31.0% during the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after acquiring an additional 135 shares during the last quarter. Vantage Investment Advisors LLC grew its position in shares of Boeing by 11.1% during the second quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock worth $123,000 after acquiring an additional 84 shares during the last quarter. CWH Capital Management Inc. purchased a new position in shares of Boeing during the second quarter worth approximately $134,000. Catamount Wealth Management purchased a new position in Boeing in the 2nd quarter valued at $138,000. Finally, Herndon Capital Management LLC grew its position in Boeing by 29.7% in the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after buying an additional 165 shares during the last quarter. 70.84% of the stock is currently owned by institutional investors.
BA has been the topic of a number of analyst reports. Deutsche Bank lifted their price objective on shares of Boeing to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Jefferies Group reiterated a “buy” rating and issued a $275.00 price objective on shares of Boeing in a research report on Saturday, September 16th. Canaccord Genuity reiterated a “hold” rating and issued a $235.00 price objective (up from $215.00) on shares of Boeing in a research report on Sunday, September 17th. Zacks Investment Research lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Wells Fargo & Co reissued a “hold” rating and issued a $255.00 target price (up previously from $240.00) on shares of Boeing in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $280.74.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The firm had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. During the same quarter in the previous year, the company posted $3.51 EPS. The firm’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts predict that Boeing Co will post 10.14 EPS for the current year.
Boeing declared that its Board of Directors has authorized a stock repurchase plan on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be paid a $1.71 dividend. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 2.03%. Boeing’s payout ratio is presently 52.25%.
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The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.
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