Boeing Co (BA) Stake Increased by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. lifted its stake in shares of Boeing Co (NYSE:BA) by 4.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,520 shares of the aircraft producer’s stock after buying an additional 1,470 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Boeing were worth $12,094,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CSat Investment Advisory L.P. purchased a new stake in Boeing in the 2nd quarter valued at $101,000. Icon Wealth Partners LLC purchased a new stake in Boeing in the 2nd quarter valued at $125,000. James Hambro & Partners purchased a new stake in Boeing in the 2nd quarter valued at $142,000. Marshall & Sullivan Inc. WA acquired a new position in Boeing in the 2nd quarter valued at $163,000. Finally, Avestar Capital LLC increased its stake in Boeing by 544.7% in the 2nd quarter. Avestar Capital LLC now owns 490 shares of the aircraft producer’s stock valued at $161,000 after buying an additional 414 shares during the period. Institutional investors and hedge funds own 69.64% of the company’s stock.

Several equities analysts have issued reports on the stock. Goldman Sachs Group set a $387.00 price objective on shares of Boeing and gave the company a “neutral” rating in a research note on Wednesday, October 24th. JPMorgan Chase & Co. set a $400.00 price objective on shares of Boeing and gave the company a “buy” rating in a research note on Thursday. Berenberg Bank reissued a “buy” rating and issued a $430.00 price objective on shares of Boeing in a research note on Monday, September 3rd. Argus reissued a “fair value” rating and issued a $395.00 price objective on shares of Boeing in a research note on Thursday, October 25th. Finally, Sanford C. Bernstein boosted their price objective on shares of Boeing from $426.00 to $440.00 and gave the company a “positive” rating in a research note on Friday, October 26th. Eight investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $410.21.

In other 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 transaction of $1,750,350.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jenette E. Ramos sold 1,640 shares of the company’s stock in a transaction on Friday, November 9th. The stock was 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.

NYSE:BA opened at $331.90 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 fifty-two week low of $277.80 and a fifty-two week high of $394.28. The firm has a market cap of $194.50 billion, a PE ratio of 27.57, a P/E/G ratio of 1.71 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 for the quarter, topping the Zacks’ 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 business had revenue of $25.15 billion for the quarter, compared to analysts’ expectations of $23.84 billion. During the same period in the prior year, the company posted $2.72 EPS. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. As a group, equities research analysts expect that Boeing Co will post 15.05 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Stockholders of record on Friday, November 9th will be paid a dividend of $1.71 per share. The ex-dividend date is Thursday, November 8th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.06%. Boeing’s dividend payout ratio (DPR) is presently 56.81%.

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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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