Boeing Co (BA) Stake Increased by Pekin Singer Strauss Asset Management IL

Pekin Singer Strauss Asset Management IL lifted its stake in shares of Boeing Co (NYSE:BA) by 15.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,271 shares of the aircraft producer’s stock after acquiring an additional 430 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Boeing were worth $832,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. LMR Partners LLP acquired a new position in shares of Boeing during the 2nd quarter worth about $4,904,000. Allegis Investment Advisors LLC acquired a new position in shares of Boeing during the 2nd quarter worth about $351,000. Blair William & Co. IL lifted its position in shares of Boeing by 4.1% during the 2nd quarter. Blair William & Co. IL now owns 157,623 shares of the aircraft producer’s stock worth $31,170,000 after purchasing an additional 6,141 shares during the last quarter. Alps Advisors Inc. lifted its position in shares of Boeing by 46.4% during the 2nd quarter. Alps Advisors Inc. now owns 4,832 shares of the aircraft producer’s stock worth $956,000 after purchasing an additional 1,532 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its position in shares of Boeing by 23.2% during the 2nd quarter. State of Wisconsin Investment Board now owns 596,657 shares of the aircraft producer’s stock worth $117,989,000 after purchasing an additional 112,520 shares during the last quarter. Institutional investors own 70.87% of the company’s stock.

Boeing Co (BA) opened at $335.16 on Wednesday. Boeing Co has a twelve month low of $156.75 and a twelve month high of $347.73. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. The stock has a market capitalization of $199,610.00, a P/E ratio of 30.83, a PEG ratio of 2.28 and a beta of 1.23.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The business had revenue of $24.31 billion during the quarter, compared to analysts’ expectations of $24.09 billion. During the same period in the prior year, the firm posted $3.51 EPS. Boeing’s quarterly revenue was up 1.7% compared to the same quarter last year. research analysts predict that Boeing Co will post 10.13 earnings per share for the current year.

Boeing declared that its Board of Directors has initiated a share buyback program on Monday, December 11th that authorizes the company to repurchase $18.00 billion in shares. This repurchase authorization authorizes the aircraft producer to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This is a boost from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.04%. Boeing’s dividend payout ratio is presently 52.25%.

BA has been the subject of several recent research reports. Wells Fargo & Co reaffirmed a “hold” rating and issued a $255.00 price target (up previously from $240.00) on shares of Boeing in a report on Wednesday, September 20th. Zacks Investment Research cut Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Cowen reaffirmed an “outperform” rating and issued a $415.00 price target (up previously from $320.00) on shares of Boeing in a report on Tuesday. Citigroup upped their price target on Boeing to $380.00 and gave the company a “buy” rating in a report on Tuesday. They noted that the move was a valuation call. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $433.00 price target (up previously from $380.00) on shares of Boeing in a report on Tuesday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and fourteen have issued a buy rating to the company. Boeing presently has a consensus rating of “Buy” and an average price target of $298.63.

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Boeing Profile

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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