Dana Investment Advisors Inc. Sells 5,579 Shares of Boeing Co (BA)

Dana Investment Advisors Inc. reduced its holdings in shares of Boeing Co (NYSE:BA) by 8.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,489 shares of the aircraft producer’s stock after selling 5,579 shares during the period. Dana Investment Advisors Inc.’s holdings in Boeing were worth $20,475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BA. Howe & Rusling Inc. lifted its stake in Boeing by 1.3% in the fourth quarter. Howe & Rusling Inc. now owns 2,416 shares of the aircraft producer’s stock worth $779,000 after acquiring an additional 31 shares during the period. Haverford Trust Co. lifted its stake in Boeing by 0.4% in the fourth quarter. Haverford Trust Co. now owns 7,096 shares of the aircraft producer’s stock worth $2,288,000 after acquiring an additional 31 shares during the period. Spectrum Management Group Inc. lifted its stake in Boeing by 0.3% in the fourth quarter. Spectrum Management Group Inc. now owns 13,140 shares of the aircraft producer’s stock worth $4,238,000 after acquiring an additional 33 shares during the period. Nikulski Financial Inc. lifted its stake in Boeing by 1.3% in the fourth quarter. Nikulski Financial Inc. now owns 2,644 shares of the aircraft producer’s stock worth $853,000 after acquiring an additional 34 shares during the period. Finally, Kanawha Capital Management LLC lifted its stake in Boeing by 5.1% in the fourth quarter. Kanawha Capital Management LLC now owns 727 shares of the aircraft producer’s stock worth $234,000 after acquiring an additional 35 shares during the period. Institutional investors and hedge funds own 68.95% of the company’s stock.

Shares of NYSE:BA opened at $343.04 on Wednesday. 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 $189.81 billion, a PE ratio of 21.70, a P/E/G ratio of 2.08 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 for the quarter, beating the consensus estimate of $3.11 by $0.05. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The firm had revenue of $22.92 billion during the quarter, compared to the consensus estimate of $23.04 billion. During the same period last year, the company earned $3.64 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis. On average, sell-side analysts predict that Boeing Co will post 14.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 10th will be issued a dividend of $2.055 per share. The ex-dividend date is Thursday, May 9th. This represents a $8.22 annualized dividend and a dividend yield of 2.40%. Boeing’s payout ratio is presently 51.34%.

A number of analysts recently commented on the company. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $393.00 price target on shares of Boeing in a research note on Monday, April 8th. Berenberg Bank set a $430.00 price objective on Boeing and gave the stock a “buy” rating in a report on Thursday, April 25th. ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a report on Monday. Cowen reiterated a “buy” rating and issued a $460.00 price objective on shares of Boeing in a report on Monday, April 8th. Finally, Zacks Investment Research downgraded Boeing from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Three investment 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’s stock. Boeing has an average rating of “Hold” and a consensus target price of $413.01.

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Boeing 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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