Boeing Co (NYSE:BA) Stake Lowered by Delta Asset Management LLC TN

Delta Asset Management LLC TN decreased its holdings in shares of Boeing Co (NYSE:BA) by 64.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 548 shares of the aircraft producer’s stock after selling 1,010 shares during the quarter. Delta Asset Management LLC TN’s holdings in Boeing were worth $177,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ironwood Financial llc bought a new position in Boeing during the 4th quarter valued at about $32,000. Proffitt & Goodson Inc. lifted its holdings in Boeing by 1,371.4% during the 4th quarter. Proffitt & Goodson Inc. now owns 103 shares of the aircraft producer’s stock valued at $33,000 after purchasing an additional 96 shares during the last quarter. 1 North Wealth Services LLC bought a new position in Boeing during the 4th quarter valued at about $40,000. Contravisory Investment Management Inc. lifted its holdings in Boeing by 159.3% during the 4th quarter. Contravisory Investment Management Inc. now owns 140 shares of the aircraft producer’s stock valued at $45,000 after purchasing an additional 86 shares during the last quarter. Finally, Financial Gravity Companies Inc. acquired a new stake in Boeing in the 4th quarter valued at about $60,000. Institutional investors own 69.85% of the company’s stock.

BA traded up $0.54 during trading on Friday, reaching $354.67. The company had a trading volume of 4,571,737 shares, compared to its average volume of 5,054,038. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.07. Boeing Co has a 12 month low of $292.47 and a 12 month high of $446.01. The firm has a market cap of $199.55 billion, a P/E ratio of 22.15, a PEG ratio of 2.18 and a beta of 1.30.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 EPS for the quarter, topping the Zacks’ consensus estimate of $3.11 by $0.05. The business had revenue of $22.92 billion for the quarter, compared to analyst estimates of $23.04 billion. Boeing had a net margin of 10.06% and a negative return on equity of 1,857.97%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.64 earnings per share. On average, sell-side analysts anticipate that Boeing Co will post 14.52 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 10th will be given a $2.055 dividend. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Thursday, May 9th. Boeing’s dividend payout ratio is presently 51.34%.

In related news, EVP J Michael Luttig sold 8,500 shares of the company’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $410.46, for a total value of $3,488,910.00. The transaction was disclosed in a filing with the SEC, which is available 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 shares were 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. Insiders have sold 13,553 shares of company stock worth $5,560,632 over the last ninety days. Insiders own 0.23% of the company’s stock.

BA has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of Boeing from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, February 28th. Goldman Sachs Group set a $393.00 price target on shares of Boeing and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their price target on shares of Boeing to $448.00 and gave the stock a “buy” rating in a research report on Monday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of Boeing to $450.00 and gave the stock an “overweight” rating in a research report on Monday, February 11th. Finally, Nord/LB restated a “sell” rating and set a $300.00 price objective on shares of Boeing in a report on Wednesday, March 13th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $410.82.

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About Boeing

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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