NEXT Financial Group Inc Decreases Holdings in Boeing Co (BA)

NEXT Financial Group Inc reduced its stake in Boeing Co (NYSE:BA) by 20.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,608 shares of the aircraft producer’s stock after selling 664 shares during the period. NEXT Financial Group Inc’s holdings in Boeing were worth $970,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Beese Fulmer Investment Management Inc. boosted its position in shares of Boeing by 1.4% in the third quarter. Beese Fulmer Investment Management Inc. now owns 36,453 shares of the aircraft producer’s stock valued at $13,557,000 after acquiring an additional 503 shares during the period. Bremer Trust National Association boosted its position in shares of Boeing by 16.8% in the third quarter. Bremer Trust National Association now owns 1,198 shares of the aircraft producer’s stock valued at $445,000 after acquiring an additional 172 shares during the period. United Capital Management of KS Inc. bought a new stake in shares of Boeing in the third quarter valued at about $802,000. Pennsylvania Trust Co boosted its position in shares of Boeing by 162.5% in the third quarter. Pennsylvania Trust Co now owns 22,979 shares of the aircraft producer’s stock valued at $8,546,000 after acquiring an additional 14,225 shares during the period. Finally, We Are One Seven LLC bought a new stake in shares of Boeing in the third quarter valued at about $831,000. Hedge funds and other institutional investors own 70.42% of the company’s stock.

A number of equities research analysts have recently issued reports on BA shares. Morgan Stanley set a $400.00 target price on shares of Boeing and gave the company a “hold” rating in a research report on Friday, September 28th. Jefferies Financial Group reaffirmed a “buy” rating and set a $410.00 price objective on shares of Boeing in a research report on Sunday, July 29th. Societe Generale set a $409.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research report on Thursday, October 25th. Goldman Sachs Group set a $375.00 price objective on shares of Boeing and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $455.00 price objective on shares of Boeing in a research report on Thursday, July 26th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $410.21.

BA stock opened at $372.02 on Thursday. The stock has a market capitalization of $208.11 billion, a PE ratio of 30.90, a P/E/G ratio of 1.77 and a beta of 1.30. The company has a debt-to-equity ratio of 8.07, a current ratio of 1.10 and a quick ratio of 0.32. Boeing Co has a 12 month low of $259.56 and a 12 month high of $394.28.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.11. The firm had revenue of $25.15 billion during the quarter, compared to analysts’ expectations of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.72 earnings per share. As a group, analysts anticipate that Boeing Co will post 15.07 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 1.84%. Boeing’s dividend payout ratio (DPR) is currently 56.81%.

In other news, SVP Diana L. Sands sold 5,000 shares of the stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $350.07, for a total value of $1,750,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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Boeing Company 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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