Sigma Investment Counselors Inc. Has $6.68 Million Position in Boeing Co (BA)

Sigma Investment Counselors Inc. boosted its position in shares of Boeing Co (NYSE:BA) by 7.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,964 shares of the aircraft producer’s stock after purchasing an additional 1,271 shares during the quarter. Boeing accounts for about 0.8% of Sigma Investment Counselors Inc.’s investment portfolio, making the stock its 21st biggest holding. Sigma Investment Counselors Inc.’s holdings in Boeing were worth $6,681,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. FMR LLC lifted its stake in Boeing by 16.0% in the second quarter. FMR LLC now owns 7,415,662 shares of the aircraft producer’s stock valued at $2,488,029,000 after buying an additional 1,023,959 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Boeing by 23.3% in the second quarter. Janus Henderson Group PLC now owns 5,928,288 shares of the aircraft producer’s stock valued at $1,989,009,000 after buying an additional 1,121,675 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Boeing by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 5,158,335 shares of the aircraft producer’s stock valued at $1,730,674,000 after buying an additional 227,374 shares in the last quarter. Summit Trail Advisors LLC lifted its stake in Boeing by 33,457.1% in the first quarter. Summit Trail Advisors LLC now owns 3,700,676 shares of the aircraft producer’s stock valued at $3,701,000 after buying an additional 3,689,648 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Boeing by 2.0% in the second quarter. American Century Companies Inc. now owns 2,898,444 shares of the aircraft producer’s stock valued at $972,457,000 after buying an additional 56,375 shares in the last quarter. Hedge funds and other institutional investors own 70.13% of the company’s stock.

In other Boeing news, SVP Diana L. Sands sold 5,000 shares of the company’s stock in a transaction on 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 filing with the SEC, which can be accessed through this link. Also, SVP Jenette E. Ramos sold 1,640 shares of the company’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $367.52, for a total transaction of $602,732.80. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

A number of brokerages have weighed in on BA. Goldman Sachs Group set a $387.00 price target on shares of Boeing and gave the company a “neutral” rating in a research note on Wednesday, October 24th. UBS Group boosted their price objective on shares of Boeing from $325.00 to $357.00 and gave the stock a “neutral” rating in a research report on Thursday, July 26th. Berenberg Bank reissued a “buy” rating and issued a $430.00 price objective on shares of Boeing in a research report on Monday, September 3rd. Credit Suisse Group reissued a “buy” rating and issued a $455.00 price objective on shares of Boeing in a research report on Thursday, July 26th. Finally, Argus reissued a “fair value” rating and issued a $395.00 price objective on shares of Boeing in a research report on Thursday, October 25th. Eight research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $410.21.

NYSE BA opened at $317.32 on Friday. The company has a debt-to-equity ratio of 8.07, a quick ratio of 0.32 and a current ratio of 1.10. Boeing Co has a 1 year low of $264.53 and a 1 year high of $394.28. The firm has a market cap of $180.20 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.58 and a beta of 1.30.

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

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

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About Boeing

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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