First National Bank Sioux Falls decreased its position in shares of Boeing Co (NYSE:BA) by 30.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 766 shares of the aircraft producer’s stock after selling 333 shares during the quarter. First National Bank Sioux Falls’ holdings in Boeing were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Sit Investment Associates Inc. lifted its position in Boeing by 96,186.4% in the fourth quarter. Sit Investment Associates Inc. now owns 56,809 shares of the aircraft producer’s stock valued at $16,754,000 after buying an additional 56,750 shares during the last quarter. Tandem Investment Advisors Inc. acquired a new position in Boeing in the fourth quarter valued at about $266,000. Stillwater Investment Management LLC lifted its position in Boeing by 2,781.9% in the fourth quarter. Stillwater Investment Management LLC now owns 58,273 shares of the aircraft producer’s stock valued at $3,114,000 after buying an additional 56,251 shares during the last quarter. Fulton Bank N.A. lifted its position in Boeing by 13.7% in the fourth quarter. Fulton Bank N.A. now owns 9,087 shares of the aircraft producer’s stock valued at $2,680,000 after buying an additional 1,092 shares during the last quarter. Finally, Washington Trust Bank lifted its position in Boeing by 10.0% in the fourth quarter. Washington Trust Bank now owns 25,876 shares of the aircraft producer’s stock valued at $7,631,000 after buying an additional 2,350 shares during the last quarter. 70.88% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Boeing Co (NYSE:BA) opened at $362.21 on Thursday. The company has a debt-to-equity ratio of 23.74, a quick ratio of 0.37 and a current ratio of 1.16. Boeing Co has a one year low of $173.75 and a one year high of $371.60. The firm has a market cap of $214,587.11, a P/E ratio of 30.18, a P/E/G ratio of 1.89 and a beta of 1.44.
Boeing announced that its board has authorized a share buyback program on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are 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 dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.89%. This is a positive change from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Thursday, February 8th. Boeing’s dividend payout ratio is presently 50.78%.
In related news, CFO Gregory D. Smith sold 36,079 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $337.43, for a total transaction of $12,174,136.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.
A number of research analysts have commented on BA shares. Royal Bank of Canada set a $290.00 target price on shares of Boeing and gave the company a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating and issued a $339.00 target price on shares of Boeing in a research report on Monday, January 8th. JPMorgan Chase & Co. set a $325.00 target price on shares of Boeing and gave the company a “buy” rating in a research report on Tuesday, December 12th. Buckingham Research set a $203.00 target price on shares of Boeing and gave the company a “hold” rating in a research report on Thursday, December 28th. Finally, Edward Jones raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Eleven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $357.77.
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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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