Boeing Co (BA) Holdings Cut by Broadleaf Partners LLC

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Broadleaf Partners LLC lessened its position in shares of Boeing Co (NYSE:BA) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,632 shares of the aircraft producer’s stock after selling 191 shares during the period. Boeing makes up 3.0% of Broadleaf Partners LLC’s portfolio, making the stock its 9th biggest position. Broadleaf Partners LLC’s holdings in Boeing were worth $3,751,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BA. Janus Henderson Group PLC boosted its position in shares of Boeing by 23.3% in the second quarter. Janus Henderson Group PLC now owns 5,928,288 shares of the aircraft producer’s stock worth $1,989,009,000 after buying an additional 1,121,675 shares during the period. FMR LLC boosted its position in shares of Boeing by 15.1% in the third quarter. FMR LLC now owns 8,535,249 shares of the aircraft producer’s stock worth $3,174,259,000 after buying an additional 1,119,587 shares during the period. Capital International Investors boosted its position in shares of Boeing by 26.1% in the third quarter. Capital International Investors now owns 4,847,958 shares of the aircraft producer’s stock worth $1,802,956,000 after buying an additional 1,002,825 shares during the period. Winslow Capital Management LLC boosted its position in shares of Boeing by 50.1% in the third quarter. Winslow Capital Management LLC now owns 1,217,030 shares of the aircraft producer’s stock worth $452,613,000 after buying an additional 406,078 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Boeing by 240.8% in the third quarter. Canada Pension Plan Investment Board now owns 532,010 shares of the aircraft producer’s stock worth $197,855,000 after buying an additional 375,900 shares during the period. 69.55% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE BA opened at $410.18 on Wednesday. Boeing Co has a 52-week low of $292.47 and a 52-week high of $410.75. The company has a market cap of $225.45 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 1.44 and a beta of 1.31. The company has a debt-to-equity ratio of 25.99, a quick ratio of 0.31 and a current ratio of 1.08.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.52 by $0.96. Boeing had a negative return on equity of 4,286.60% and a net margin of 10.34%. The firm had revenue of $28.34 billion for the quarter, compared to analysts’ expectations of $26.76 billion. During the same quarter in the prior year, the firm posted $3.04 earnings per share. Boeing’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts predict that Boeing Co will post 20.17 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 8th will be paid a dividend of $2.055 per share. The ex-dividend date is Thursday, February 7th. This represents a $8.22 annualized dividend and a yield of 2.00%. This is a boost from Boeing’s previous quarterly dividend of $1.71. Boeing’s dividend payout ratio is presently 42.72%.

Boeing announced that its Board of Directors has authorized a share repurchase program on Monday, December 17th that authorizes the company to buyback $20.00 billion in outstanding shares. This buyback authorization authorizes the aircraft producer to purchase up to 11.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group set a $420.00 target price on Boeing and gave the stock a “buy” rating in a research report on Tuesday, November 13th. Morgan Stanley raised Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $400.00 to $450.00 in a research report on Wednesday, January 9th. Argus reissued a “fair value” rating and issued a $395.00 price target on shares of Boeing in a report on Thursday, October 25th. Cowen reissued a “buy” rating and issued a $445.00 price target on shares of Boeing in a report on Tuesday, December 18th. Finally, UBS Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, January 9th. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $412.08.

In other Boeing news, SVP Jenette E. Ramos sold 1,640 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $367.52, for a total transaction of $602,732.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.24% of the company’s stock.

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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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