Today: The Founders Financial Securities LLC Cuts Stake in Boeing Co. (BA)

The Founders Financial Securities LLC Cuts Stake in Boeing Co. (BA)

Founders Financial Securities LLC lowered its position in Boeing Co. (NYSE:BA) by 78.6% during the third quarter, Holdings Channel reports. The firm owned 3,278 shares of the aircraft producer’s stock after selling 12,061 shares during the period. Founders Financial Securities LLC’s holdings in Boeing were worth $432,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BA. Logan Capital Management Inc. boosted its stake in Boeing by 20.2% in the first quarter. Logan Capital Management Inc. now owns 9,279 shares of the aircraft producer’s stock worth $1,178,000 after buying an additional 1,560 shares during the period. Phocas Financial Corp. boosted its stake in Boeing by 1,051.6% in the first quarter. Phocas Financial Corp. now owns 29,515 shares of the aircraft producer’s stock worth $3,747,000 after buying an additional 26,952 shares during the period. Laffer Investments boosted its stake in Boeing by 17.4% in the first quarter. Laffer Investments now owns 3,164 shares of the aircraft producer’s stock worth $402,000 after buying an additional 470 shares during the period. BlueMountain Capital Management LLC boosted its stake in Boeing by 167.1% in the first quarter. BlueMountain Capital Management LLC now owns 6,056 shares of the aircraft producer’s stock worth $769,000 after buying an additional 3,789 shares during the period. Finally, Kistler Tiffany Companies LLC boosted its stake in Boeing by 30.7% in the second quarter. Kistler Tiffany Companies LLC now owns 2,513 shares of the aircraft producer’s stock worth $326,000 after buying an additional 591 shares during the period. 75.43% of the stock is currently owned by institutional investors.

Boeing Co. (NYSE:BA) traded up 0.20% during midday trading on Friday, reaching $150.04. 962,387 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $141.51 and a 200 day moving average price of $133.75. Boeing Co. has a 12 month low of $102.10 and a 12 month high of $150.81. The company has a market cap of $92.60 billion, a P/E ratio of 22.93 and a beta of 1.02.

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 analysts’ consensus estimates of $2.62 by $0.89. Boeing had a return on equity of 126.01% and a net margin of 4.52%. The firm earned $23.90 billion during the quarter, compared to the consensus estimate of $23.73 billion. During the same quarter in the prior year, the firm posted $2.52 EPS. The business’s revenue was down 7.5% on a year-over-year basis. On average, equities analysts anticipate 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. Shareholders of record on Friday, November 11th will be given a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Tuesday, November 8th. Boeing’s dividend payout ratio (DPR) is currently 66.36%.

Several research firms have commented on BA. Vetr cut shares of Boeing from a “hold” rating to a “sell” rating and set a $142.21 target price on the stock. in a research note on Thursday. Societe Generale set a $148.00 target price on shares of Boeing and gave the company a “neutral” rating in a research note on Friday, October 28th. Vertical Research assumed coverage on shares of Boeing in a research note on Friday, October 28th. They set a “hold” rating on the stock. TheStreet upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday, October 26th. Finally, Robert W. Baird assumed coverage on shares of Boeing in a research report on Wednesday, October 5th. They set an “outperform” rating and a $161.00 price objective for the company. 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 a consensus price target of $147.99.

In other Boeing news, EVP J Michael Luttig sold 200,754 shares of the company’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $142.46, for a total transaction of $28,599,414.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.58% of the company’s stock.

About Boeing

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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