Todd Asset Management LLC Takes $11.65 Million Position in Boeing Co (BA)

Todd Asset Management LLC acquired a new stake in Boeing Co (NYSE:BA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,842 shares of the aircraft producer’s stock, valued at approximately $11,653,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Riverpoint Wealth Management Holdings LLC boosted its stake in Boeing by 0.3% in the second quarter. Riverpoint Wealth Management Holdings LLC now owns 1,438 shares of the aircraft producer’s stock valued at $293,000 after acquiring an additional 4 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in Boeing by 0.3% in the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,131 shares of the aircraft producer’s stock valued at $421,000 after acquiring an additional 6 shares during the period. Accredited Investors Inc. boosted its stake in Boeing by 0.4% in the second quarter. Accredited Investors Inc. now owns 1,643 shares of the aircraft producer’s stock valued at $325,000 after acquiring an additional 6 shares during the period. Silicon Valley Capital Partners boosted its stake in Boeing by 0.7% in the second quarter. Silicon Valley Capital Partners now owns 1,240 shares of the aircraft producer’s stock valued at $245,000 after acquiring an additional 9 shares during the period. Finally, Arete Wealth Advisors LLC boosted its stake in Boeing by 0.4% in the second quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the aircraft producer’s stock valued at $475,000 after acquiring an additional 9 shares during the period. 70.76% of the stock is owned by hedge funds and other institutional investors.

BA has been the subject of a number of research reports. Zacks Investment Research downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. ValuEngine downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Vetr downgraded Boeing from a “buy” rating to a “hold” rating and set a $267.03 target price for the company. in a research note on Friday, October 6th. Cowen restated a “buy” rating and issued a $315.00 target price on shares of Boeing in a research note on Friday, October 6th. Finally, Canaccord Genuity restated a “hold” rating and issued a $235.00 target price on shares of Boeing in a research note on Thursday, October 5th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fifteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $304.10.

Shares of Boeing Co (NYSE BA) opened at $337.73 on Monday. Boeing Co has a twelve month low of $157.29 and a twelve month high of $352.23. The company has a market capitalization of $201,140.00, a P/E ratio of 31.07, a P/E/G ratio of 2.16 and a beta of 1.23. The company has a current ratio of 1.18, a quick ratio of 0.39 and a debt-to-equity ratio of 8.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 25th. The aircraft producer reported $2.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.65 by $0.07. Boeing had a return on equity of 12,064.25% and a net margin of 7.33%. The firm had revenue of $24.31 billion for the quarter, compared to analysts’ expectations of $24.09 billion. During the same quarter in the previous year, the company earned $3.51 earnings per share. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. analysts expect that Boeing Co will post 10.17 EPS for the current year.

Boeing announced that its Board of Directors has approved a stock buyback program on Monday, December 11th that permits the company to buyback $18.00 billion in outstanding shares. This buyback authorization permits the aircraft producer to buy shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Friday, February 9th will be issued a dividend of $1.71 per share. This is a boost from Boeing’s previous quarterly dividend of $1.42. The ex-dividend date is Thursday, February 8th. This represents a $6.84 annualized dividend and a yield of 2.03%. Boeing’s payout ratio is presently 52.25%.

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Boeing Company Profile

The Boeing Company is an aerospace company. The Company’s segments include Commercial Airplanes; Defense, Space & Security (BDS), such as Boeing Military Aircraft (BMA), Network & Space Systems (N&SS) and Global Services & Support (GS&S), and Boeing Capital (BCC). The Commercial Airplanes segment develops, produces and markets commercial jet aircraft and provides related support services, to the commercial airline industry.

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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