Palladium Partners LLC Sells 13,560 Shares of Boeing (BA)

Palladium Partners LLC decreased its holdings in shares of Boeing (NYSE:BA) by 18.3% during the 4th quarter, HoldingsChannel reports. The fund owned 60,360 shares of the aircraft producer’s stock after selling 13,560 shares during the period. Boeing makes up about 1.3% of Palladium Partners LLC’s portfolio, making the stock its 21st biggest holding. Palladium Partners LLC’s holdings in Boeing were worth $17,801,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Boeing by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock worth $7,991,613,000 after buying an additional 407,511 shares in the last quarter. Jennison Associates LLC lifted its holdings in Boeing by 20.3% in the 3rd quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock worth $1,747,218,000 after buying an additional 1,160,859 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Boeing by 7,215.0% in the 2nd quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock worth $972,919,000 after buying an additional 4,852,679 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Boeing by 13.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,424,281 shares of the aircraft producer’s stock worth $870,618,000 after buying an additional 402,240 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Boeing by 3.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 3,275,519 shares of the aircraft producer’s stock worth $965,756,000 after buying an additional 122,278 shares in the last quarter. Institutional investors and hedge funds own 70.76% of the company’s stock.

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In other Boeing news, CFO Gregory D. Smith sold 36,079 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $337.43, for a total value of $12,174,136.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Shares of NYSE:BA opened at $336.40 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 has a fifty-two week low of $175.47 and a fifty-two week high of $371.60. The stock has a market cap of $192,695.27, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 1.69 and a beta of 1.39.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported $4.80 earnings per share for the quarter, beating analysts’ consensus estimates of $2.91 by $1.89. Boeing had a net margin of 8.78% and a negative return on equity of 11,050.62%. The business had revenue of $25.37 billion during the quarter, compared to the consensus estimate of $24.78 billion. During the same quarter in the prior year, the firm earned $2.47 EPS. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. equities analysts expect that Boeing will post 14.05 earnings per share for the current fiscal year.

Boeing declared that its board has approved a stock repurchase program on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

A number of equities analysts have commented on the stock. Morgan Stanley reiterated a “hold” rating on shares of Boeing in a report on Thursday. Barclays reissued a “buy” rating and issued a $388.00 target price on shares of Boeing in a research report on Wednesday. JPMorgan Chase reissued a “buy” rating on shares of Boeing in a research report on Wednesday, March 14th. Vetr downgraded shares of Boeing from a “strong-buy” rating to a “buy” rating and set a $386.80 target price for the company. in a research report on Thursday, March 8th. Finally, Edward Jones raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $365.99.

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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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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