Decatur Capital Management Inc. Increases Stake in Boeing Co. (BA)
Decatur Capital Management Inc. raised its stake in Boeing Co. (NYSE:BA) by 2.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 100,474 shares of the aircraft producer’s stock after buying an additional 2,765 shares during the period. Decatur Capital Management Inc.’s holdings in Boeing were worth $13,236,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the company. Berson & Corrado Investment Advisors LLC boosted its stake in shares of Boeing by 3.6% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 38,900 shares of the aircraft producer’s stock valued at $5,052,000 after buying an additional 1,334 shares during the period. Stillwater Investment Management LLC boosted its stake in Boeing by 0.8% in the second quarter. Stillwater Investment Management LLC now owns 1,949 shares of the aircraft producer’s stock worth $253,000 after buying an additional 16 shares during the last quarter. Exxonmobil Investment Management Inc. TX boosted its stake in Boeing by 2.2% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 154,997 shares of the aircraft producer’s stock worth $20,129,000 after buying an additional 3,372 shares during the last quarter. LVM Capital Management Ltd. MI boosted its stake in Boeing by 4.4% in the second quarter. LVM Capital Management Ltd. MI now owns 59,620 shares of the aircraft producer’s stock worth $7,743,000 after buying an additional 2,530 shares during the last quarter. Finally, Founders Financial Securities LLC purchased a new stake in Boeing during the second quarter worth about $1,992,000. 72.90% of the stock is owned by institutional investors and hedge funds.
Boeing Co. (NYSE:BA) traded down 0.18% during trading on Monday, hitting $149.77. 3,213,844 shares of the stock were exchanged. The firm has a market cap of $92.43 billion, a PE ratio of 22.89 and a beta of 1.02. Boeing Co. has a 52 week low of $102.10 and a 52 week high of $150.81. The firm’s 50-day moving average is $141.51 and its 200 day moving average is $133.75.
Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 26th. The aircraft producer reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.62 by $0.89. Boeing had a net margin of 4.52% and a return on equity of 126.01%. The business earned $23.90 billion during the quarter, compared to the consensus estimate of $23.73 billion. During the same quarter last year, the firm earned $2.52 earnings per share. Boeing’s quarterly revenue was down 7.5% on a year-over-year basis. Analysts expect that Boeing Co. will post $7.09 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Friday, November 11th will be paid a dividend of $1.09 per share. This represents a $4.36 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Tuesday, November 8th. Boeing’s dividend payout ratio is presently 66.36%.
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A number of analysts recently issued reports on the company. Vetr cut Boeing from a “hold” rating to a “sell” rating and set a $126.07 price objective for the company. in a research report on Wednesday, August 24th. Zacks Investment Research upgraded Boeing from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a report on Wednesday, September 28th. Goldman Sachs Group Inc. set a $109.00 target price on Boeing and gave the company a “sell” rating in a report on Thursday, October 27th. Societe Generale set a $148.00 target price on Boeing and gave the company a “neutral” rating in a report on Friday, October 28th. Finally, TheStreet upgraded Boeing from a “hold” rating to a “buy” rating in a report on Wednesday, October 26th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $147.99.
In related news, EVP J Michael Luttig sold 200,754 shares of Boeing stock in a transaction on Monday, October 31st. The shares were sold at an average price of $142.46, for a total transaction of $28,599,414.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.58% of the company’s stock.
The Boeing Company is an aerospace firm. The Company operates in five segments: Commercial airplanes; Defense, Space & Security (BDS) business, such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). Its Commercial Airplanes segment develops, produces and markets commercial jet aircraft, which provides related support services to the commercial airline industry.
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