Boeing Co (BA) Holdings Boosted by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC lifted its position in shares of Boeing Co (NYSE:BA) by 145.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 245 shares of the aircraft producer’s stock after buying an additional 145 shares during the period. WESPAC Advisors SoCal LLC’s holdings in Boeing were worth $79,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in BA. Oregon Public Employees Retirement Fund lifted its position in shares of Boeing by 21,969.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 40,328,303 shares of the aircraft producer’s stock worth $125,000 after purchasing an additional 40,145,567 shares during the last quarter. Newport Trust Co lifted its position in shares of Boeing by 4.2% during the 4th quarter. Newport Trust Co now owns 33,492,259 shares of the aircraft producer’s stock worth $10,801,254,000 after purchasing an additional 1,363,909 shares during the last quarter. FMR LLC lifted its position in shares of Boeing by 15.1% during the 3rd quarter. FMR LLC now owns 8,535,249 shares of the aircraft producer’s stock worth $3,174,259,000 after purchasing an additional 1,119,587 shares during the last quarter. Capital International Investors lifted its position in shares of Boeing by 26.1% during the 3rd quarter. Capital International Investors now owns 4,847,958 shares of the aircraft producer’s stock worth $1,802,956,000 after purchasing an additional 1,002,825 shares during the last quarter. Finally, Winslow Capital Management LLC lifted its position in shares of Boeing by 50.1% during the 3rd quarter. Winslow Capital Management LLC now owns 1,217,030 shares of the aircraft producer’s stock worth $452,613,000 after purchasing an additional 406,078 shares during the last quarter. Institutional investors and hedge funds own 69.75% of the company’s stock.

Shares of Boeing stock traded up $0.66 on Friday, reaching $376.46. 2,952,431 shares of the stock were exchanged, compared to its average volume of 6,752,950. Boeing Co has a 1-year low of $292.47 and a 1-year high of $446.01. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 48.98. The firm has a market cap of $211.81 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 2.31 and a beta of 1.30.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.05. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The business had revenue of $22.92 billion for the quarter, compared to analyst estimates of $23.04 billion. During the same period in the previous year, the business posted $3.64 earnings per share. The business’s revenue was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Boeing Co will post 14.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 10th will be paid a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.18%. Boeing’s dividend payout ratio (DPR) is 51.34%.

In other news, EVP Timothy John Keating sold 26,557 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $395.47, for a total transaction of $10,502,496.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Theodore Colbert III sold 2,137 shares of the company’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $408.85, for a total transaction of $873,712.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,247 shares of company stock worth $28,922,977. Company insiders own 0.23% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. ValuEngine raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Wednesday. TheStreet cut shares of Boeing from an “a+” rating to a “c+” rating in a research report on Wednesday, April 24th. Credit Suisse Group reduced their price target on shares of Boeing from $440.00 to $435.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Berenberg Bank set a $430.00 price target on shares of Boeing and gave the company a “buy” rating in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $430.00 price target on shares of Boeing in a research report on Thursday, April 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $413.20.

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Boeing Company 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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