Russell Investments Group Ltd. decreased its stake in shares of Boeing Co (NYSE:BA) by 14.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 464,813 shares of the aircraft producer’s stock after selling 75,669 shares during the quarter. Russell Investments Group Ltd.’s holdings in Boeing were worth $152,083,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. BlackRock Inc. lifted its position in Boeing by 2.1% during the fourth quarter. BlackRock Inc. now owns 35,515,544 shares of the aircraft producer’s stock valued at $10,473,889,000 after purchasing an additional 713,832 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its position in Boeing by 7,729.3% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 679,819 shares of the aircraft producer’s stock valued at $200,485,000 after purchasing an additional 671,136 shares during the last quarter. Winslow Capital Management LLC bought a new position in Boeing during the fourth quarter valued at $186,265,000. Mackay Shields LLC bought a new position in Boeing during the first quarter valued at $100,442,000. Finally, Geode Capital Management LLC lifted its position in Boeing by 5.4% during the fourth quarter. Geode Capital Management LLC now owns 5,811,840 shares of the aircraft producer’s stock valued at $1,710,303,000 after purchasing an additional 296,949 shares during the last quarter. Hedge funds and other institutional investors own 69.47% of the company’s stock.
Get Boeing alerts:Boeing opened at $340.60 on Thursday, MarketBeat Ratings reports. The stock has a market capitalization of $202.25 billion, a P/E ratio of 28.29, a P/E/G ratio of 1.72 and a beta of 1.41. Boeing Co has a 12 month low of $205.35 and a 12 month high of $374.48. The company has a current ratio of 1.15, a quick ratio of 0.33 and a debt-to-equity ratio of 8.07.
Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 25th. The aircraft producer reported $3.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.59 by $1.05. The company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $22.22 billion. Boeing had a net margin of 9.63% and a return on equity of 3,774.27%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.01 EPS. equities research analysts expect that Boeing Co will post 14.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Shareholders of record on Friday, August 10th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend is Thursday, August 9th. Boeing’s dividend payout ratio (DPR) is 56.81%.
Several equities analysts have commented on the stock. Barclays assumed coverage on shares of Boeing in a research report on Thursday, March 29th. They set an “overweight” rating and a $388.00 price objective for the company. Canaccord Genuity reiterated a “hold” rating and set a $350.00 price objective on shares of Boeing in a research report on Wednesday, May 2nd. Morgan Stanley reissued a “hold” rating and issued a $373.00 target price on shares of Boeing in a research note on Thursday, April 5th. Cowen reissued a “buy” rating and issued a $415.00 target price on shares of Boeing in a research note on Tuesday, April 10th. Finally, Societe Generale raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. Seven research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $376.03.
In other Boeing news, SVP Gregory L. Hyslop sold 2,241 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $340.27, for a total transaction of $762,545.07. Following the transaction, the senior vice president now owns 21,425 shares of the company’s stock, valued at approximately $7,290,284.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP J Michael Luttig sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $344.13, for a total transaction of $3,097,170.00. Following the transaction, the executive vice president now directly owns 27,878 shares in the company, valued at approximately $9,593,656.14. The disclosure for this sale can be found here. Insiders have sold a total of 12,373 shares of company stock worth $4,233,094 in the last three months. Insiders own 0.24% of the company’s stock.
About Boeing
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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