Regal Investment Advisors LLC Has $997,000 Holdings in Boeing Co (BA)

Regal Investment Advisors LLC boosted its position in Boeing Co (NYSE:BA) by 62.8% in the 3rd quarter, Holdings Channel reports. The firm owned 2,680 shares of the aircraft producer’s stock after buying an additional 1,034 shares during the quarter. Regal Investment Advisors LLC’s holdings in Boeing were worth $997,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its holdings in Boeing by 0.6% during the second quarter. Nisa Investment Advisors LLC now owns 216,017 shares of the aircraft producer’s stock valued at $72,474,000 after purchasing an additional 1,291 shares during the last quarter. Professional Planning boosted its position in shares of Boeing by 4.7% in the second quarter. Professional Planning now owns 18,033 shares of the aircraft producer’s stock valued at $6,050,000 after acquiring an additional 811 shares during the period. Pioneer Trust Bank N A OR bought a new stake in shares of Boeing in the second quarter valued at approximately $369,000. Legacy Advisors LLC boosted its position in shares of Boeing by 83.9% in the second quarter. Legacy Advisors LLC now owns 4,617 shares of the aircraft producer’s stock valued at $1,549,000 after acquiring an additional 2,106 shares during the period. Finally, Ballentine Partners LLC boosted its position in shares of Boeing by 6.4% in the second quarter. Ballentine Partners LLC now owns 2,638 shares of the aircraft producer’s stock valued at $884,000 after acquiring an additional 158 shares during the period. 69.65% of the stock is owned by institutional investors and hedge funds.

Shares of BA stock opened at $318.75 on Friday. The firm has a market capitalization of $181.01 billion, a P/E ratio of 26.47, a PEG ratio of 1.59 and a beta of 1.30. Boeing Co has a one year low of $293.01 and a one year high of $394.28. 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 (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 firm had revenue of $25.15 billion during the quarter, compared to analysts’ expectations of $23.84 billion. Boeing had a negative return on equity of 4,176.41% and a net margin of 10.36%. Boeing’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $2.72 earnings per share. As a group, sell-side analysts predict that Boeing Co will post 15.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 7th. Investors of record on Friday, November 9th were given a $1.71 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $6.84 annualized dividend and a yield of 2.15%. Boeing’s dividend payout ratio (DPR) is currently 56.81%.

In other Boeing news, SVP Jenette E. Ramos sold 1,640 shares of the 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Diana L. Sands sold 5,000 shares of the stock in a transaction on Monday, October 29th. The stock was 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. 0.24% of the stock is owned by company insiders.

Several research firms have recently weighed in on BA. JPMorgan Chase & Co. reissued a “buy” rating and issued a $400.00 price objective on shares of Boeing in a research report on Thursday, December 6th. Tigress Financial reissued a “buy” rating on shares of Boeing in a research report on Monday, November 26th. ValuEngine cut Boeing from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Cowen reissued a “buy” rating and issued a $445.00 price objective on shares of Boeing in a research report on Tuesday, November 13th. Finally, Jefferies Financial Group set a $420.00 price objective on Boeing and gave the company a “buy” rating in a research report on Tuesday, November 13th. Eight analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Boeing currently has a consensus rating of “Buy” and a consensus target price of $410.21.

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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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