Acropolis Investment Management LLC Has $739,000 Holdings in Boeing Co (NYSE:BA)
Acropolis Investment Management LLC lifted its holdings in Boeing Co (NYSE:BA) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,443 shares of the aircraft producer’s stock after purchasing an additional 99 shares during the quarter. Acropolis Investment Management LLC’s holdings in Boeing were worth $739,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in BA. 1 North Wealth Services LLC acquired a new position in shares of Boeing in the third quarter valued at $32,000. Atwater Malick LLC acquired a new position in shares of Boeing in the third quarter valued at $39,000. Veritas Investment Management LLP acquired a new position in shares of Boeing in the third quarter valued at $40,000. Transamerica Financial Advisors Inc. acquired a new position in shares of Boeing in the second quarter valued at $40,000. Finally, Selective Wealth Management Inc. acquired a new position in shares of Boeing in the third quarter valued at $44,000. 68.42% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on BA shares. Longbow Research started coverage on shares of Boeing in a report on Tuesday, January 7th. They issued an “underperform” rating and a $300.00 price objective on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $324.00 price objective on shares of Boeing in a report on Wednesday, January 8th. Goldman Sachs Group reiterated a “neutral” rating and issued a $324.00 price objective on shares of Boeing in a report on Monday, December 9th. Canaccord Genuity decreased their price objective on shares of Boeing from $380.00 to $370.00 and set a “hold” rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird decreased their price objective on shares of Boeing from $342.00 to $322.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $362.88.
Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.59). The firm had revenue of $19.98 billion for the quarter, compared to analyst estimates of $20 billion. Boeing had a negative return on equity of 367.68% and a net margin of 4.37%. The company’s quarterly revenue was down 20.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.58 earnings per share. On average, sell-side analysts predict that Boeing Co will post 0.96 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 14th will be issued a $2.055 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $8.22 dividend on an annualized basis and a dividend yield of 2.46%. Boeing’s dividend payout ratio (DPR) is currently 51.34%.
Boeing Company 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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