Fulton Breakefield Broenniman LLC Trims Position in Boeing Co (NYSE:BA)
Fulton Breakefield Broenniman LLC decreased its stake in shares of Boeing Co (NYSE:BA) by 8.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,826 shares of the aircraft producer’s stock after selling 451 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Boeing were worth $1,572,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of BA. 1 North Wealth Services LLC bought a new position in shares of Boeing during the third quarter worth $32,000. Atwater Malick LLC bought a new position in shares of Boeing during the third quarter worth $39,000. Transamerica Financial Advisors Inc. bought a new position in shares of Boeing during the second quarter worth $40,000. Veritas Investment Management LLP bought a new position in shares of Boeing during the third quarter worth $40,000. Finally, Selective Wealth Management Inc. bought a new position in shares of Boeing during the third quarter worth $44,000. Hedge funds and other institutional investors own 68.42% of the company’s stock.
A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. set a $370.00 target price on shares of Boeing and gave the stock a “buy” rating in a research report on Tuesday, December 17th. Credit Suisse Group restated a “neutral” rating and set a $324.00 target price on shares of Boeing in a research report on Wednesday, January 8th. Canaccord Genuity dropped their target price on shares of Boeing from $380.00 to $370.00 and set a “hold” rating for the company in a research report on Thursday, October 24th. Citigroup dropped their target price on shares of Boeing from $430.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Jefferies Financial Group set a $420.00 target price on shares of Boeing and gave the stock a “buy” rating in a research 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. Boeing currently has an average rating of “Hold” and an average target price of $362.88.
Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported $1.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.04 by ($0.59). Boeing had a net margin of 4.37% and a negative return on equity of 367.68%. The business had revenue of $19.98 billion for the quarter, compared to the consensus estimate of $20 billion. During the same quarter last year, the business earned $3.58 EPS. Boeing’s revenue for the quarter was down 20.5% compared to the same quarter last year. Research analysts anticipate that Boeing Co will post 0.96 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 14th will be paid a $2.055 dividend. This represents a $8.22 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, February 13th. Boeing’s dividend payout ratio is currently 51.34%.
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.
Featured Story: What is the price-to-earnings growth (PEG) ratio?
Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Boeing Co (NYSE:BA).
Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.