Aviance Capital Partners LLC raised its position in shares of Boeing Co. (NYSE:BA) by 4.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,453 shares of the aircraft producer’s stock after buying an additional 1,597 shares during the period. Boeing accounts for 1.8% of Aviance Capital Partners LLC’s investment portfolio, making the stock its 6th largest position. Aviance Capital Partners LLC’s holdings in Boeing were worth $5,198,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Nelson Roberts Investment Advisors LLC raised its position in shares of Boeing by 23.7% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 940 shares of the aircraft producer’s stock worth $122,000 after buying an additional 180 shares during the period. Van Hulzen Asset Management LLC raised its position in shares of Boeing by 11.1% in the second quarter. Van Hulzen Asset Management LLC now owns 1,000 shares of the aircraft producer’s stock worth $130,000 after buying an additional 100 shares during the period. Cascade Investment Advisors Inc. acquired a new position in shares of Boeing during the second quarter worth about $136,000. Reilly Financial Advisors LLC raised its position in shares of Boeing by 22.9% in the third quarter. Reilly Financial Advisors LLC now owns 1,034 shares of the aircraft producer’s stock worth $136,000 after buying an additional 193 shares during the period. Finally, SevenBridge Financial Group LLC acquired a new position in shares of Boeing during the second quarter worth about $142,000. Institutional investors and hedge funds own 72.90% of the company’s stock.
Shares of Boeing Co. (NYSE:BA) traded down 0.18% on Monday, hitting $149.77. The stock had a trading volume of 4,725,497 shares. The stock has a market capitalization of $92.43 billion, a P/E ratio of 22.89 and a beta of 1.02. Boeing Co. has a 52 week low of $102.10 and a 52 week high of $150.81. The firm has a 50-day moving average price of $141.51 and a 200-day moving average price of $133.75.
Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.62 by $0.89. The firm had revenue of $23.90 billion for the quarter, compared to the consensus estimate of $23.73 billion. Boeing had a return on equity of 126.01% and a net margin of 4.52%. The company’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.52 earnings per share. Equities analysts expect that Boeing Co. will post $7.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Friday, November 11th will be issued a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Tuesday, November 8th. Boeing’s payout ratio is currently 66.36%.
A number of analysts have weighed in on BA shares. Jefferies Group reissued a “buy” rating and set a $165.00 target price on shares of Boeing in a research report on Friday, August 19th. Argus reissued a “buy” rating and set a $155.00 target price on shares of Boeing in a research report 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 report 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 report on Wednesday, September 28th. Finally, TheStreet raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $147.99.
In other Boeing news, EVP J Michael Luttig sold 200,754 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $142.46, for a total value of $28,599,414.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.58% of the company’s stock.
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.