Boeing Co (BA) Shares Bought by National Pension Service

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National Pension Service lifted its holdings in shares of Boeing Co (NYSE:BA) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 520,946 shares of the aircraft producer’s stock after acquiring an additional 30,630 shares during the quarter. Boeing comprises 0.9% of National Pension Service’s holdings, making the stock its 22nd largest holding. National Pension Service’s holdings in Boeing were worth $213,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Martingale Asset Management L P raised its position in Boeing by 5.2% in the 3rd quarter. Martingale Asset Management L P now owns 226,460 shares of the aircraft producer’s stock valued at $84,222,000 after purchasing an additional 11,230 shares during the last quarter. Kentucky Retirement Systems purchased a new stake in Boeing in the 3rd quarter valued at $7,791,000. Neuberger Berman Group LLC raised its position in Boeing by 1.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,616,548 shares of the aircraft producer’s stock valued at $601,194,000 after purchasing an additional 19,957 shares during the last quarter. Beaton Management Co. Inc. raised its position in Boeing by 11.6% in the 3rd quarter. Beaton Management Co. Inc. now owns 4,797 shares of the aircraft producer’s stock valued at $1,784,000 after purchasing an additional 500 shares during the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new stake in Boeing in the 3rd quarter valued at $704,000. 68.78% of the stock is currently owned by institutional investors.

Shares of BA opened at $350.55 on Friday. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 48.98. The stock has a market capitalization of $201.84 billion, a PE ratio of 21.90, a P/E/G ratio of 2.23 and a beta of 1.30. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.11 by $0.05. The business had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.64 EPS. On average, equities research analysts forecast that Boeing Co will post 14.43 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 10th will be issued a $2.055 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.34%. Boeing’s dividend payout ratio is presently 51.34%.

BA has been the subject of several research reports. JPMorgan Chase & Co. reiterated a “buy” rating and issued a price target on shares of Boeing in a research report on Wednesday, January 30th. Credit Suisse Group reiterated an “outperform” rating and issued a $440.00 price target (up previously from $434.00) on shares of Boeing in a research report on Thursday, January 31st. Robert W. Baird reiterated an “outperform” rating and issued a $470.00 price target on shares of Boeing in a research report on Thursday, January 31st. Canaccord Genuity reiterated a “hold” rating and issued a $380.00 price target (up previously from $360.00) on shares of Boeing in a research report on Thursday, January 31st. Finally, Jefferies Financial Group upped their price objective on shares of Boeing to $448.00 and gave the stock a “buy” rating in a research report on Monday, February 4th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $413.01.

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Boeing Company Profile

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.

Further Reading: Are sell-side analysts objective?

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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