MUFG Securities EMEA plc Trims Stake in Boeing Co (BA)

MUFG Securities EMEA plc cut its position in Boeing Co (NYSE:BA) by 99.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 751 shares of the aircraft producer’s stock after selling 116,159 shares during the quarter. MUFG Securities EMEA plc’s holdings in Boeing were worth $242,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ironwood Financial llc bought a new stake in shares of Boeing in the 4th quarter worth approximately $32,000. Next Capital Management LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $32,000. Proffitt & Goodson Inc. raised its holdings in shares of Boeing by 1,371.4% in the 4th quarter. Proffitt & Goodson Inc. now owns 103 shares of the aircraft producer’s stock worth $33,000 after purchasing an additional 96 shares during the period. 1 North Wealth Services LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $40,000. Finally, Semmax Financial Advisors Inc. bought a new stake in shares of Boeing in the 4th quarter worth approximately $45,000. Institutional investors own 69.85% of the company’s stock.

Shares of NYSE:BA opened at $337.37 on Tuesday. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01. The firm has a market capitalization of $199.55 billion, a P/E ratio of 21.07, a P/E/G ratio of 2.18 and a beta of 1.30. The company has a quick ratio of 0.29, a current ratio of 1.07 and a debt-to-equity ratio of 48.98.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $23.04 billion. During the same period in the prior year, the business posted $3.64 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. Sell-side analysts predict that Boeing Co will post 14.52 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 10th will be given a dividend of $2.055 per share. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $8.22 annualized dividend and a yield of 2.44%. Boeing’s payout ratio is 51.34%.

In other Boeing news, SVP Heidi B. Capozzi sold 2,916 shares of the company’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $410.84, for a total transaction of $1,198,009.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.23% of the company’s stock.

A number of research firms recently commented on BA. ValuEngine cut shares of Boeing from a “buy” rating to a “hold” rating in a report on Monday. Buckingham Research lowered their price target on shares of Boeing from $390.00 to $370.00 and set a “neutral” rating on the stock in a report on Monday. Barclays cut shares of Boeing from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $417.00 to $367.00 in a report on Tuesday, May 7th. TheStreet cut shares of Boeing from an “a+” rating to a “c+” rating in a report on Wednesday, April 24th. Finally, Credit Suisse Group lowered their price target on shares of Boeing from $440.00 to $435.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $413.01.

ILLEGAL ACTIVITY WARNING: “MUFG Securities EMEA plc Trims Stake in Boeing Co (BA)” was reported by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://www.baseballdailydigest.com/news/2019/05/14/mufg-securities-emea-plc-trims-stake-in-boeing-co-ba.html.

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.

Read More: Insider Trading

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.