Mn Services Vermogensbeheer B.V. Lowers Position in Boeing Co (BA)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of Boeing Co (NYSE:BA) by 0.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,531 shares of the aircraft producer’s stock after selling 600 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Boeing were worth $24,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clear Perspective Advisors LLC lifted its position in Boeing by 31.0% in the second quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares during the period. CWH Capital Management Inc. acquired a new stake in Boeing in the second quarter valued at about $134,000. Catamount Wealth Management acquired a new stake in Boeing in the second quarter valued at about $138,000. Herndon Capital Management LLC lifted its position in Boeing by 29.7% in the second quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after purchasing an additional 165 shares during the period. Finally, Acrospire Investment Management LLC lifted its position in Boeing by 14.3% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the aircraft producer’s stock valued at $158,000 after purchasing an additional 100 shares during the period. 70.84% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Boeing Co (BA) opened at $318.43 on Wednesday. Boeing Co has a 12-month low of $156.67 and a 12-month high of $319.91. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. The stock has a market cap of $189,650.00, a P/E ratio of 29.29, a PEG ratio of 2.16 and a beta of 1.23.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.65 by $0.07. Boeing had a net margin of 7.33% and a return on equity of 12,064.25%. The company had revenue of $24.31 billion during the quarter, compared to the consensus estimate of $24.09 billion. During the same period last year, the firm earned $3.51 EPS. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. sell-side analysts anticipate that Boeing Co will post 10.14 earnings per share for the current year.

Boeing announced that its board has initiated a share buyback plan on Monday, December 11th that authorizes the company to buyback $18.00 billion in shares. This buyback authorization authorizes the aircraft producer to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. Boeing’s dividend payout ratio (DPR) is presently 52.25%.

A number of equities research analysts recently commented on the stock. Vetr downgraded shares of Boeing from a “sell” rating to a “strong sell” rating and set a $279.35 price objective for the company. in a research report on Wednesday. Jefferies Group restated a “buy” rating and issued a $339.00 price objective on shares of Boeing in a research report on Monday. Zacks Investment Research downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Buckingham Research set a $203.00 price objective on shares of Boeing and gave the company a “hold” rating in a research report on Thursday, December 28th. Finally, Cowen restated a “buy” rating and issued a $320.00 price objective on shares of Boeing in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have given a buy rating to the stock. Boeing currently has an average rating of “Hold” and an average target price of $276.20.

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Boeing Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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