Todays Report: Today, Boeing Co. (BA) Stake Decreased by Bank of The Ozarks

Today, Boeing Co. (BA) Stake Decreased by Bank of The Ozarks

Bank of The Ozarks decreased its stake in Boeing Co. (NYSE:BA) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,508 shares of the aircraft producer’s stock after selling 240 shares during the period. Bank of The Ozarks’ holdings in Boeing were worth $330,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of BA. South Texas Money Management Ltd. raised its stake in shares of Boeing by 1.0% in the second quarter. South Texas Money Management Ltd. now owns 1,992 shares of the aircraft producer’s stock worth $259,000 after buying an additional 19 shares in the last quarter. BP PLC raised its stake in shares of Boeing by 164.3% in the second quarter. BP PLC now owns 74,000 shares of the aircraft producer’s stock worth $9,607,000 after buying an additional 46,000 shares in the last quarter. Rothschild Investment Corp IL raised its stake in shares of Boeing by 2.6% in the second quarter. Rothschild Investment Corp IL now owns 90,321 shares of the aircraft producer’s stock worth $11,730,000 after buying an additional 2,250 shares in the last quarter. USS Investment Management Ltd raised its stake in shares of Boeing by 24.7% in the second quarter. USS Investment Management Ltd now owns 133,200 shares of the aircraft producer’s stock worth $17,293,000 after buying an additional 26,400 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Boeing by 4.4% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 378,991 shares of the aircraft producer’s stock worth $49,220,000 after buying an additional 16,043 shares in the last quarter. 75.43% of the stock is owned by institutional investors.

Boeing Co. (NYSE:BA) opened at 150.04 on Friday. The firm’s 50 day moving average is $141.51 and its 200-day moving average is $133.75. The firm has a market cap of $92.60 billion, a price-to-earnings ratio of 22.93 and a beta of 1.02. Boeing Co. has a 12 month low of $102.10 and a 12 month high of $150.81.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.89. Boeing had a net margin of 4.52% and a return on equity of 126.01%. The business had revenue of $23.90 billion for the quarter, compared to analysts’ expectations of $23.73 billion. During the same period in the previous year, the company earned $2.52 earnings per share. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. On average, equities analysts forecast that Boeing Co. will post $7.09 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 11th will be issued a dividend of $1.09 per share. This represents a $4.36 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Tuesday, November 8th. Boeing’s dividend payout ratio (DPR) is presently 66.36%.

BA has been the topic of a number of recent research reports. Vetr raised shares of Boeing from a “sell” rating to a “hold” rating and set a $129.80 price objective on the stock in a research note on Monday, August 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $145.00 price objective on shares of Boeing in a research note on Sunday, July 31st. Argus reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Boeing in a research note on Wednesday, August 3rd. Jefferies Group reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Boeing in a research note on Friday, August 19th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $144.00 price objective on shares of Boeing in a research note on Thursday, August 25th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $147.99.

In related news, EVP J Michael Luttig sold 200,754 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $142.46, for a total transaction of $28,599,414.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.58% of the company’s stock.

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.

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