Whitnell & Co. Grows Stock Position in Boeing Co (NYSE:BA)

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Whitnell & Co. increased its holdings in shares of Boeing Co (NYSE:BA) by 645.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,050 shares of the aircraft producer’s stock after purchasing an additional 1,775 shares during the quarter. Whitnell & Co.’s holdings in Boeing were worth $780,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BA. Thoroughbred Financial Services LLC increased its stake in Boeing by 36,928.2% during the second quarter. Thoroughbred Financial Services LLC now owns 6,235,551 shares of the aircraft producer’s stock worth $623,555,000 after acquiring an additional 6,218,711 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Boeing by 1,774.6% during the second quarter. Nuveen Asset Management LLC now owns 4,149,922 shares of the aircraft producer’s stock worth $1,510,613,000 after acquiring an additional 3,928,546 shares during the last quarter. Viking Global Investors LP acquired a new stake in Boeing during the second quarter worth about $1,010,899,000. Price T Rowe Associates Inc. MD increased its stake in Boeing by 7.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 35,740,551 shares of the aircraft producer’s stock worth $13,009,918,000 after acquiring an additional 2,607,364 shares during the last quarter. Finally, Winslow Capital Management LLC acquired a new stake in Boeing during the second quarter worth about $303,860,000. Institutional investors own 67.84% of the company’s stock.

Shares of BA stock traded down $6.31 during trading hours on Friday, reaching $351.00. The company had a trading volume of 3,117,554 shares, compared to its average volume of 5,364,701. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.31 and a current ratio of 1.11. 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 $201.64 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 39.90 and a beta of 1.24. The stock’s fifty day simple moving average is $362.82 and its 200 day simple moving average is $358.59.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.59). Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The business had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20 billion. During the same quarter last year, the business earned $3.58 EPS. Boeing’s revenue for the quarter was down 20.5% compared to the same quarter last year. As a group, equities analysts expect that Boeing Co will post 1.02 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 8th will be paid a dividend of $2.055 per share. The ex-dividend date is Thursday, November 7th. This represents a $8.22 dividend on an annualized basis and a yield of 2.34%. Boeing’s dividend payout ratio (DPR) is presently 51.34%.

Several brokerages have commented on BA. Berenberg Bank restated a “buy” rating and set a $410.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Barclays restated an “equal weight” rating and set a $353.00 price target (down from $367.00) on shares of Boeing in a research note on Monday, November 4th. Goldman Sachs Group restated a “neutral” rating and set a $370.00 price target on shares of Boeing in a research note on Wednesday, October 23rd. Deutsche Bank restated a “buy” rating on shares of Boeing in a research note on Friday. Finally, Buckingham Research restated a “hold” rating and set a $365.00 price target (down from $395.00) on shares of Boeing in a research note on Tuesday, October 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $379.30.

Boeing 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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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