CI Investments Inc. boosted its position in shares of Boeing Co (NYSE:BA) by 22.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 152,183 shares of the aircraft producer’s stock after purchasing an additional 27,883 shares during the quarter. CI Investments Inc.’s holdings in Boeing were worth $49,079,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in BA. Abacus Planning Group Inc. increased its stake in shares of Boeing by 73.1% in the 4th quarter. Abacus Planning Group Inc. now owns 1,421 shares of the aircraft producer’s stock valued at $458,000 after acquiring an additional 600 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Boeing in the 4th quarter valued at about $443,000. Wall Street Access Asset Management LLC increased its stake in shares of Boeing by 6.2% in the 4th quarter. Wall Street Access Asset Management LLC now owns 2,708 shares of the aircraft producer’s stock valued at $872,000 after acquiring an additional 157 shares during the last quarter. Macquarie Group Ltd. increased its stake in shares of Boeing by 35.4% in the 4th quarter. Macquarie Group Ltd. now owns 145,995 shares of the aircraft producer’s stock valued at $47,083,000 after acquiring an additional 38,170 shares during the last quarter. Finally, Vestor Capital LLC increased its stake in shares of Boeing by 6.5% in the 4th quarter. Vestor Capital LLC now owns 16,613 shares of the aircraft producer’s stock valued at $5,358,000 after acquiring an additional 1,014 shares during the last quarter. 68.78% of the stock is owned by hedge funds and other institutional investors.
Shares of BA opened at $354.90 on Monday. The company has a debt-to-equity ratio of 48.98, a current ratio of 1.07 and a quick ratio of 0.29. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01. The company has a market capitalization of $199.68 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 2.23 and a beta of 1.30.
Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported $3.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.11 by $0.05. Boeing had a negative return on equity of 1,857.97% and a net margin of 10.06%. The business had revenue of $22.92 billion during the quarter, compared to analyst estimates of $23.04 billion. During the same period in the previous year, the firm earned $3.64 EPS. Boeing’s quarterly revenue was down 2.0% compared to the same quarter last year. Equities analysts forecast that Boeing Co will post 14.43 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 10th will be given a dividend of $2.055 per share. This represents a $8.22 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, May 9th. Boeing’s dividend payout ratio (DPR) is currently 51.34%.
BA has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a price target on shares of Boeing in a research note on Wednesday, January 30th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $440.00 price target (up from $434.00) on shares of Boeing in a research note on Thursday, January 31st. Robert W. Baird reiterated an “outperform” rating and issued a $470.00 price objective on shares of Boeing in a research report on Thursday, January 31st. Canaccord Genuity reiterated a “hold” rating and issued a $380.00 price objective (up from $360.00) on shares of Boeing in a research report on Thursday, January 31st. Finally, Jefferies Financial Group boosted their price objective on Boeing to $448.00 and gave the company a “buy” rating in a research report on Monday, February 4th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company. Boeing presently has a consensus rating of “Hold” and an average target price of $413.01.
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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