Lawson Kroeker Investment Management Inc. NE decreased its stake in shares of Boeing Co. (NYSE:BA) by 0.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,432 shares of the aircraft producer’s stock after selling 15 shares during the period. Boeing comprises approximately 2.7% of Lawson Kroeker Investment Management Inc. NE’s portfolio, making the stock its 13th largest position. Lawson Kroeker Investment Management Inc. NE’s holdings in Boeing were worth $8,225,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Nelson Roberts Investment Advisors LLC increased its stake in Boeing by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock valued at $122,000 after buying an additional 180 shares in the last quarter. Van Hulzen Asset Management LLC increased its stake in Boeing by 11.1% in the second quarter. Van Hulzen Asset Management LLC now owns 1,000 shares of the aircraft producer’s stock valued at $130,000 after buying an additional 100 shares in the last quarter. Cascade Investment Advisors Inc. bought a new stake in Boeing during the second quarter valued at $136,000. SevenBridge Financial Group LLC bought a new stake in Boeing during the second quarter valued at $142,000. Finally, Kelly Lawrence W & Associates Inc. CA increased its stake in Boeing by 25.5% in the second quarter. Kelly Lawrence W & Associates Inc. CA now owns 1,155 shares of the aircraft producer’s stock valued at $150,000 after buying an additional 235 shares in the last quarter. 75.43% of the stock is owned by hedge funds and other institutional investors.
Shares of Boeing Co. (NYSE:BA) traded up 0.20% during mid-day trading on Friday, reaching $150.04. 962,387 shares of the company traded hands. Boeing Co. has a 52 week low of $102.10 and a 52 week high of $150.81. The company has a market capitalization of $92.60 billion, a P/E ratio of 22.93 and a beta of 1.02. The stock’s 50-day moving average is $141.51 and its 200-day moving average is $133.75.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 26th. The aircraft producer reported $3.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.89. The company had revenue of $23.90 billion for the quarter, compared to the consensus estimate of $23.73 billion. Boeing had a net margin of 4.52% and a return on equity of 126.01%. Boeing’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same period last year, the firm posted $2.52 EPS. On average, equities analysts predict that Boeing Co. will post $7.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be issued a $1.09 dividend. This represents a $4.36 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, November 8th. Boeing’s payout ratio is 66.36%.
BA has been the subject of a number of recent research reports. Jefferies Group reissued a “buy” rating and issued a $165.00 price objective on shares of Boeing in a research note on Friday, August 19th. Argus reissued a “buy” rating and issued a $155.00 price objective on shares of Boeing in a research note on Wednesday, August 3rd. Citigroup Inc. reduced their price objective on shares of Boeing from $168.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, September 19th. Zacks Investment Research raised shares of Boeing from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Wednesday, September 28th. Finally, TheStreet raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Wednesday, October 26th. Four research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $147.99.
In other news, EVP J Michael Luttig sold 200,754 shares of Boeing stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $142.46, for a total value of $28,599,414.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.58% of the stock is currently owned by insiders.
Boeing Company Profile
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.