Keeler Thomas Management LLC Reduces Position in Boeing Co (BA)

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Keeler Thomas Management LLC cut its position in shares of Boeing Co (NYSE:BA) by 52.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,265 shares of the aircraft producer’s stock after selling 8,060 shares during the quarter. Boeing comprises 2.7% of Keeler Thomas Management LLC’s investment portfolio, making the stock its 15th biggest holding. Keeler Thomas Management LLC’s holdings in Boeing were worth $2,342,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. lifted its holdings in shares of Boeing by 2.4% during the fourth quarter. Sumitomo Life Insurance Co. now owns 19,541 shares of the aircraft producer’s stock valued at $6,302,000 after purchasing an additional 464 shares in the last quarter. Jackson Grant Investment Advisers Inc. lifted its holdings in shares of Boeing by 33.1% during the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 237 shares of the aircraft producer’s stock valued at $76,000 after purchasing an additional 59 shares in the last quarter. Wealthquest Corp bought a new position in shares of Boeing during the fourth quarter valued at $3,507,000. IFM Investors Pty Ltd lifted its holdings in shares of Boeing by 9.0% during the fourth quarter. IFM Investors Pty Ltd now owns 31,883 shares of the aircraft producer’s stock valued at $10,282,000 after purchasing an additional 2,633 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its holdings in shares of Boeing by 26.1% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 5,248 shares of the aircraft producer’s stock valued at $1,694,000 after purchasing an additional 1,086 shares in the last quarter. Institutional investors own 69.68% of the company’s stock.

A number of brokerages have recently issued reports on BA. Jefferies Financial Group set a $420.00 price target on Boeing and gave the company a “buy” rating in a report on Tuesday, November 13th. Morgan Stanley upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $400.00 to $450.00 in a research report on Wednesday, January 9th. Argus reiterated a “fair value” rating and set a $395.00 price objective on shares of Boeing in a research report on Thursday, October 25th. Cowen reiterated a “buy” rating and set a $445.00 price objective on shares of Boeing in a research report on Tuesday, December 18th. Finally, JPMorgan Chase & Co. upped their price objective on Boeing to $450.00 and gave the company an “overweight” rating in a research report on Monday, February 11th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $413.27.

Boeing stock opened at $417.58 on Friday. The company has a debt-to-equity ratio of 25.99, a current ratio of 1.08 and a quick ratio of 0.31. The firm has a market cap of $238.17 billion, a P/E ratio of 26.08, a PEG ratio of 1.54 and a beta of 1.31. Boeing Co has a one year low of $292.47 and a one year high of $422.41.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $4.52 by $0.96. The business had revenue of $28.34 billion during the quarter, compared to analysts’ expectations of $26.76 billion. Boeing had a negative return on equity of 4,286.60% and a net margin of 10.34%. The business’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.04 earnings per share. As a group, research analysts anticipate that Boeing Co will post 20.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Friday, February 8th will be given a $2.055 dividend. This is a boost from Boeing’s previous quarterly dividend of $1.71. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $8.22 dividend on an annualized basis and a yield of 1.97%. Boeing’s dividend payout ratio is presently 51.34%.

Boeing declared that its board has authorized a share repurchase program on Monday, December 17th that allows the company to repurchase $20.00 billion in shares. This repurchase authorization allows the aircraft producer to reacquire up to 11.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other news, CFO Gregory D. Smith sold 19,500 shares of the company’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $401.38, for a total value of $7,826,910.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heidi B. Capozzi sold 2,916 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $410.84, for a total value of $1,198,009.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,247 shares of company stock valued at $28,922,977. Company insiders own 0.24% of the company’s stock.

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Boeing 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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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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