Boeing Co (BA) Holdings Trimmed by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. reduced its stake in shares of Boeing Co (NYSE:BA) by 4.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 445,212 shares of the aircraft producer’s stock after selling 22,240 shares during the period. Boeing comprises approximately 0.7% of Chevy Chase Trust Holdings Inc.’s holdings, making the stock its 28th biggest position. Chevy Chase Trust Holdings Inc. owned 0.08% of Boeing worth $165,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. CSat Investment Advisory L.P. acquired a new position in Boeing during the 2nd quarter worth $101,000. Mount Yale Investment Advisors LLC acquired a new position in Boeing during the 1st quarter worth $108,000. Icon Wealth Partners LLC acquired a new position in Boeing during the 2nd quarter worth $125,000. James Hambro & Partners acquired a new position in Boeing during the 2nd quarter worth $142,000. Finally, Marshall & Sullivan Inc. WA acquired a new position in Boeing during the 2nd quarter worth $163,000. 70.13% of the stock is owned by institutional investors.

In other Boeing news, SVP Jenette E. Ramos sold 1,640 shares of the business’s stock in a transaction dated Friday, November 9th. The shares were sold at an average price of $367.52, for a total transaction of $602,732.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $350.07, for a total transaction of $1,750,350.00. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

BA has been the subject of several research reports. Morgan Stanley set a $400.00 price target on shares of Boeing and gave the company a “hold” rating in a report on Friday, September 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $410.00 price target on shares of Boeing in a report on Sunday, July 29th. Societe Generale set a $409.00 price target on shares of Boeing and gave the company a “buy” rating in a report on Thursday, October 25th. Goldman Sachs Group set a $387.00 price target on shares of Boeing and gave the company a “neutral” rating in a report on Wednesday, October 24th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $455.00 price target on shares of Boeing in a report on Thursday, July 26th. Eight investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $410.21.

Boeing stock opened at $317.32 on Friday. The company has a quick ratio of 0.32, a current ratio of 1.10 and a debt-to-equity ratio of 8.07. The stock has a market cap of $180.42 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.58 and a beta of 1.30. Boeing Co has a 52-week low of $264.53 and a 52-week high of $394.28.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.47 by $0.11. The firm had revenue of $25.15 billion during the quarter, compared to analyst estimates of $23.84 billion. Boeing had a net margin of 10.36% and a negative return on equity of 4,176.41%. Boeing’s revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.72 EPS. Equities analysts forecast that Boeing Co will post 15.05 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Friday, November 9th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Thursday, November 8th. Boeing’s payout ratio is 56.81%.

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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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