Amalgamated Bank Decreases Holdings in Boeing Co (BA)

Share on StockTwits

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.

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

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.

COPYRIGHT VIOLATION NOTICE: “Amalgamated Bank Decreases Holdings in Boeing Co (BA)” was first published by Ticker Report and is owned by of Ticker Report. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of U.S. and international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4353810/amalgamated-bank-decreases-holdings-in-boeing-co-ba.html.

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.

Featured Story: What are the Benefits of Index Funds?

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)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Slack  Earns Neutral Rating from Analysts at Credit Suisse Group
Slack Earns Neutral Rating from Analysts at Credit Suisse Group
Slack  Coverage Initiated by Analysts at Morgan Stanley
Slack Coverage Initiated by Analysts at Morgan Stanley
Solaris Oilfield Infrastructure  Coverage Initiated by Analysts at Citigroup
Solaris Oilfield Infrastructure Coverage Initiated by Analysts at Citigroup
Tanger Factory Outlet Centers  Upgraded to “Hold” at Zacks Investment Research
Tanger Factory Outlet Centers Upgraded to “Hold” at Zacks Investment Research
Sterling Bancorp  Coverage Initiated at B. Riley
Sterling Bancorp Coverage Initiated at B. Riley
Restoration Hardware  Upgraded by ValuEngine to “Hold”
Restoration Hardware Upgraded by ValuEngine to “Hold”


© 2006-2019 Ticker Report