Earnest Partners LLC Cuts Holdings in Boeing Co (BA)

Earnest Partners LLC decreased its position in Boeing Co (NYSE:BA) by 5.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 143,928 shares of the aircraft producer’s stock after selling 8,924 shares during the period. Earnest Partners LLC’s holdings in Boeing were worth $36,588,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Lipe & Dalton acquired a new position in shares of Boeing during the 3rd quarter worth approximately $100,000. Burt Wealth Advisors acquired a new position in shares of Boeing during the 3rd quarter worth approximately $100,000. Clear Perspective Advisors LLC increased its position in shares of Boeing by 31.0% during the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock worth $113,000 after purchasing an additional 135 shares during the last quarter. Vantage Investment Advisors LLC increased its position in shares of Boeing by 11.1% during the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock worth $123,000 after purchasing an additional 84 shares during the last quarter. Finally, CWH Capital Management Inc. acquired a new position in shares of Boeing during the 2nd quarter worth approximately $134,000. Hedge funds and other institutional investors own 70.45% of the company’s stock.

Several research firms have weighed in on BA. Buckingham Research set a $289.00 price target on Boeing and gave the stock a “hold” rating in a research report on Thursday, February 8th. Vetr raised Boeing from a “hold” rating to a “buy” rating and set a $343.92 price target on the stock in a research report on Monday, February 12th. Societe Generale set a $373.00 price target on Boeing and gave the stock a “neutral” rating in a research report on Thursday, February 1st. ValuEngine raised Boeing from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Royal Bank of Canada set a $363.00 price target on Boeing and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $353.24.

Boeing Co (NYSE BA) opened at $355.04 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.16 and a debt-to-equity ratio of 23.74. Boeing Co has a 1-year low of $170.40 and a 1-year high of $361.45. The company has a market capitalization of $208,937.48, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 1.84 and a beta of 1.44.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 EPS for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. Boeing had a negative return on equity of 11,050.62% and a net margin of 8.78%. The firm had revenue of $25.37 billion for the quarter, compared to analyst estimates of $24.78 billion. During the same period in the prior year, the firm posted $2.47 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. equities research analysts predict that Boeing Co will post 14.06 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 1.93%. This is a positive change from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio is currently 50.78%.

Boeing announced that its board has authorized a share repurchase plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $337.43, for a total value of $12,174,136.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.28% of the company’s stock.

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About Boeing

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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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