Crossvault Capital Management LLC reduced its position in Boeing Co (NYSE:BA) by 14.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 26,730 shares of the aircraft producer’s stock after selling 4,460 shares during the quarter. Boeing makes up approximately 5.1% of Crossvault Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. Crossvault Capital Management LLC’s holdings in Boeing were worth $9,941,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. CSat Investment Advisory L.P. purchased a new stake in Boeing during the 2nd quarter worth approximately $101,000. Mount Yale Investment Advisors LLC purchased a new stake in Boeing during the 1st quarter worth approximately $108,000. Icon Wealth Partners LLC purchased a new stake in Boeing during the 2nd quarter worth approximately $125,000. James Hambro & Partners purchased a new stake in Boeing during the 2nd quarter worth approximately $142,000. Finally, Avestar Capital LLC increased its holdings in Boeing by 544.7% during the 2nd quarter. Avestar Capital LLC now owns 490 shares of the aircraft producer’s stock worth $161,000 after purchasing an additional 414 shares during the last quarter. 70.13% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Jenette E. Ramos sold 1,640 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $367.52, for a total transaction of $602,732.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Diana L. Sands sold 5,000 shares of the business’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
Shares of BA opened at $312.32 on Monday. The company has a market capitalization of $177.36 billion, a PE ratio of 25.94, a PEG ratio of 1.56 and a beta of 1.30. The company has a quick ratio of 0.32, a current ratio of 1.10 and a debt-to-equity ratio of 8.07. Boeing Co has a 52 week low of $264.53 and a 52 week high of $394.28.
Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 24th. The aircraft producer reported $3.58 EPS for the quarter, topping the consensus estimate of $3.47 by $0.11. The company had revenue of $25.15 billion during the quarter, compared to analyst estimates of $23.84 billion. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. The business’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.72 EPS. Equities analysts expect that Boeing Co will post 15.05 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be given a $1.71 dividend. The ex-dividend date is Thursday, November 8th. This represents a $6.84 annualized dividend and a dividend yield of 2.19%. Boeing’s payout ratio is 56.81%.
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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