Amalgamated Bank cut its holdings in shares of Boeing Co (NYSE:BA) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,090 shares of the aircraft producer’s stock after selling 2,929 shares during the quarter. Boeing accounts for about 0.7% of Amalgamated Bank’s investment portfolio, making the stock its 23rd largest holding. Amalgamated Bank’s holdings in Boeing were worth $25,507,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in BA. Oregon Public Employees Retirement Fund boosted its position in Boeing by 21,969.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock worth $125,000 after acquiring an additional 40,145,567 shares during the period. Newport Trust Co boosted its position in Boeing by 4.2% during the 4th quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock worth $10,801,254,000 after acquiring an additional 1,363,909 shares during the period. Two Sigma Advisers LP boosted its position in Boeing by 33.6% during the 4th quarter. Two Sigma Advisers LP now owns 995,560 shares of the aircraft producer’s stock worth $321,068,000 after acquiring an additional 250,600 shares during the period. Jennison Associates LLC boosted its position in Boeing by 3.2% during the 4th quarter. Jennison Associates LLC now owns 7,817,279 shares of the aircraft producer’s stock worth $2,521,073,000 after acquiring an additional 245,100 shares during the period. Finally, Mackay Shields LLC acquired a new stake in shares of Boeing during the 4th quarter valued at about $77,540,000. Hedge funds and other institutional investors own 68.78% of the company’s stock.
Shares of BA stock opened at $354.90 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.29 and a debt-to-equity ratio of 48.98. Boeing Co has a twelve month low of $292.47 and a twelve month high of $446.01. The company has a market capitalization of $199.68 billion, a P/E ratio of 22.17, a P/E/G ratio of 2.23 and a beta of 1.30.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 10th will be paid a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, May 9th. Boeing’s payout ratio is 51.34%.
Several brokerages have recently issued reports on BA. UBS Group reiterated a “buy” rating and set a $525.00 price target (up from $500.00) on shares of Boeing in a report on Thursday, February 28th. Morgan Stanley lifted their price target on Boeing from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. Argus lifted their price target on Boeing from $420.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. lifted their price target on Boeing to $450.00 and gave the company an “overweight” rating in a report on Monday, February 11th. Finally, Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a report on Monday, March 11th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average 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.
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