Goelzer Investment Management Inc. trimmed its position in shares of Boeing Co (NYSE:BA) by 31.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,994 shares of the aircraft producer’s stock after selling 16,580 shares during the period. Boeing makes up about 1.1% of Goelzer Investment Management Inc.’s holdings, making the stock its 18th biggest holding. Goelzer Investment Management Inc.’s holdings in Boeing were worth $9,150,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Clear Perspective Advisors LLC increased its holdings in Boeing by 31.0% in the 2nd quarter. Clear Perspective Advisors LLC now owns 571 shares of the aircraft producer’s stock valued at $113,000 after purchasing an additional 135 shares in the last quarter. Vantage Investment Advisors LLC increased its holdings in Boeing by 11.1% in the 2nd quarter. Vantage Investment Advisors LLC now owns 841 shares of the aircraft producer’s stock valued at $123,000 after purchasing an additional 84 shares in the last quarter. CWH Capital Management Inc. acquired a new stake in Boeing in the 2nd quarter valued at $134,000. Catamount Wealth Management acquired a new stake in Boeing in the 2nd quarter valued at $138,000. Finally, Herndon Capital Management LLC increased its holdings in Boeing by 29.7% in the 2nd quarter. Herndon Capital Management LLC now owns 720 shares of the aircraft producer’s stock valued at $142,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 70.81% of the company’s stock.

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Boeing Co (NYSE:BA) opened at $340.82 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 1.18 and a debt-to-equity ratio of 8.54. Boeing Co has a twelve month low of $160.82 and a twelve month high of $352.23. The stock has a market cap of $202,990.00, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.19 and a beta of 1.23.

Boeing declared that its Board of Directors has initiated a share buyback program on Monday, December 11th that allows the company to repurchase $18.00 billion in outstanding shares. This repurchase authorization allows the aircraft producer to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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 issued a $1.71 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.84 dividend on an annualized basis and a yield of 2.01%. This is a boost from Boeing’s previous quarterly dividend of $1.42. Boeing’s dividend payout ratio (DPR) is currently 52.25%.

Several analysts have recently weighed in on the company. 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 reaffirmed a “buy” rating and set a $315.00 price target on shares of Boeing in a research report on Friday, October 6th. Canaccord Genuity reaffirmed a “hold” rating and set a $235.00 price target on shares of Boeing in a research report on Thursday, October 5th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $300.00 price target on shares of Boeing in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $315.52.

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About Boeing

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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