Doyle Wealth Management trimmed its position in shares of Boeing Co (NYSE:BA) by 20.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,245 shares of the aircraft producer’s stock after selling 574 shares during the period. Doyle Wealth Management’s holdings in Boeing were worth $571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC raised its holdings in Boeing by 7,215.0% during the second quarter. Janus Henderson Group PLC now owns 4,919,937 shares of the aircraft producer’s stock valued at $972,919,000 after buying an additional 4,852,679 shares in the last quarter. Harbour Capital Advisors LLC raised its holdings in Boeing by 18,613.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,342,129 shares of the aircraft producer’s stock valued at $6,787,000 after buying an additional 1,334,957 shares in the last quarter. AQR Capital Management LLC raised its holdings in Boeing by 66.5% during the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after buying an additional 1,049,546 shares in the last quarter. Koch Industries Inc. grew its position in shares of Boeing by 61,128.7% in the second quarter. Koch Industries Inc. now owns 849,855 shares of the aircraft producer’s stock valued at $846,000 after purchasing an additional 848,467 shares during the last quarter. Finally, APG Asset Management N.V. grew its position in shares of Boeing by 87.8% in the third quarter. APG Asset Management N.V. now owns 1,382,727 shares of the aircraft producer’s stock valued at $351,503,000 after purchasing an additional 646,500 shares during the last quarter. Institutional investors and hedge funds own 70.84% of the company’s stock.

Boeing Co (NYSE:BA) opened at $295.62 on Thursday. Boeing Co has a one year low of $154.96 and a one year high of $299.33. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. The stock has a market cap of $176,060.00, a P/E ratio of 27.20, a PEG ratio of 2.24 and a beta of 1.24.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $24.09 billion. During the same quarter in the previous year, the company posted $3.51 earnings per share. Boeing’s quarterly revenue was up 1.7% compared to the same quarter last year. sell-side analysts forecast that Boeing Co will post 10.11 EPS for the current fiscal year.

Boeing declared that its board has initiated a share repurchase plan on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This repurchase authorization permits the aircraft producer to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 9th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.31%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s payout ratio is 52.25%.

BA has been the topic of several research analyst reports. Buckingham Research reaffirmed a “hold” rating and issued a $203.00 price target on shares of Boeing in a research report on Friday, December 22nd. Deutsche Bank raised their price target on Boeing to $300.00 and gave the company a “buy” rating in a research report on Thursday, September 14th. Jefferies Group reissued a “buy” rating and set a $300.00 target price on shares of Boeing in a research report on Friday, October 6th. Nord/LB set a $250.00 target price on Boeing and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. Finally, Royal Bank of Canada lifted their target price on Boeing from $269.00 to $273.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 26th. Eleven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $273.53.

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About Boeing

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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