Cobblestone Capital Advisors LLC NY Buys 742 Shares of Boeing Co (BA)
Cobblestone Capital Advisors LLC NY boosted its stake in shares of Boeing Co (NYSE:BA) by 59.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,982 shares of the aircraft producer’s stock after acquiring an additional 742 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in Boeing were worth $504,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Boeing by 1.0% during the second quarter. Vanguard Group Inc. now owns 40,412,706 shares of the aircraft producer’s stock valued at $7,991,613,000 after acquiring an additional 407,511 shares in the last quarter. Jennison Associates LLC raised its position in Boeing by 20.3% during the third quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer’s stock valued at $1,747,218,000 after acquiring an additional 1,160,859 shares in the last quarter. Janus Henderson Group PLC raised its position 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 acquiring an additional 4,852,679 shares in the last quarter. American Century Companies Inc. raised its position in Boeing by 15.5% during the third quarter. American Century Companies Inc. now owns 3,106,855 shares of the aircraft producer’s stock valued at $789,794,000 after acquiring an additional 417,793 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Boeing by 4.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 3,066,519 shares of the aircraft producer’s stock valued at $606,405,000 after acquiring an additional 123,420 shares in the last quarter. Institutional investors own 70.87% of the company’s stock.
Shares of Boeing Co (BA) opened at $337.73 on Friday. The company has a debt-to-equity ratio of 8.54, a current ratio of 1.18 and a quick ratio of 0.39. The stock has a market capitalization of $202,591.98, a P/E ratio of 31.04, a PEG ratio of 2.21 and a beta of 1.24. Boeing Co has a 12 month low of $157.29 and a 12 month high of $352.23.
Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.65 by $0.07. The firm had revenue of $24.31 billion for the quarter, compared to analyst estimates of $24.09 billion. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.51 earnings per share. research analysts predict that Boeing Co will post 10.17 EPS for the current fiscal year.
The company also recently declared 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 is a positive change from Boeing’s previous quarterly dividend of $1.42. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.03%. Boeing’s payout ratio is currently 52.21%.
Boeing announced that its Board of Directors has initiated a share buyback program on Monday, December 11th that permits the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization permits the aircraft producer to purchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.
Several research analysts recently weighed in on the company. Seaport Global Securities reiterated a “buy” rating and set a $430.00 price target on shares of Boeing in a research report on Thursday. Vetr upgraded Boeing from a “strong sell” rating to a “sell” rating and set a $303.48 price objective for the company in a research report on Tuesday. Wolfe Research upgraded Boeing from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Robert W. Baird set a $433.00 price objective on Boeing and gave the company a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. Finally, Citigroup boosted their price objective on Boeing to $380.00 and gave the company a “buy” rating in a research report on Tuesday. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $304.10.
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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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