SignalPoint Asset Management LLC Acquires Shares of 2,711 Boeing Co (BA)
SignalPoint Asset Management LLC bought a new stake in Boeing Co (NYSE:BA) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,711 shares of the aircraft producer’s stock, valued at approximately $689,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Cypress Capital Group lifted its position in shares of Boeing by 41.8% in the first quarter. Cypress Capital Group now owns 18,705 shares of the aircraft producer’s stock valued at $3,308,000 after acquiring an additional 5,510 shares in the last quarter. Highbridge Capital Management LLC acquired a new stake in shares of Boeing in the first quarter valued at approximately $2,000,000. Investment Centers of America Inc. increased its holdings in shares of Boeing by 11.2% in the first quarter. Investment Centers of America Inc. now owns 46,982 shares of the aircraft producer’s stock valued at $8,311,000 after purchasing an additional 4,714 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Boeing by 66.5% in the first quarter. AQR Capital Management LLC now owns 2,627,684 shares of the aircraft producer’s stock valued at $464,732,000 after purchasing an additional 1,049,546 shares during the last quarter. Finally, National Asset Management Inc. increased its holdings in shares of Boeing by 1.3% in the first quarter. National Asset Management Inc. now owns 10,636 shares of the aircraft producer’s stock valued at $1,882,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.
Shares of Boeing Co (BA) opened at $340.82 on Tuesday. The company has a debt-to-equity ratio of 8.54, a quick ratio of 0.39 and a current ratio of 1.18. The stock has a market capitalization of $202,990.00, a price-to-earnings ratio of 31.35, a price-to-earnings-growth ratio of 2.19 and a beta of 1.23. Boeing Co has a one year low of $160.82 and a one year high of $352.23.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 9th will be paid 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 2.01%. Boeing’s dividend payout ratio (DPR) is 52.25%.
Several research firms recently commented on BA. Berenberg Bank set a $395.00 price target on Boeing and gave the company a “buy” rating in a report on Monday. Vetr cut Boeing from a “buy” rating to a “hold” rating and set a $267.03 price target for the company. in a report on Friday, October 6th. Cowen reaffirmed a “buy” rating and issued a $315.00 price target on shares of Boeing in a report on Friday, October 6th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $310.00 price target (up previously from $300.00) on shares of Boeing in a report on Tuesday, October 24th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and issued a $290.00 price target (up previously from $270.00) on shares of Boeing in a report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $315.52.
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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.
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