Two Sigma Securities LLC Invests $3.08 Million in Boeing Company (The) (BA)

Sigma Investment Counselors Inc. Reduces Position in Boeing Co (BA)

Sigma Investment Counselors Inc. Reduces Position in Boeing Co (BA)

Advantus Capital Management Inc lowered its position in Boeing Co (NYSE:BA) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. Institutional investors own 70.81% of the company's stock. BKD Wealth Advisors LLC raised its holdings in shares of Boeing by 14.9% during the second quarter. The institutional investor owned 5,009 shares of the aircraft producer's stock after selling 410 shares during the quarter. Jennison Associates LLC now owns 6,873,128 shares of the aircraft producer's stock worth $1,747,218,000 after acquiring an additional 1,160,859 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Boeing Company (The) by 11.7% in the first quarter.

Meritage Portfolio Management, which manages about $1.31B and $1.02 billion US Long portfolio, upped its stake in Phillips 66 Partners Lp (NYSE:PSXP) by 24,408 shares to 61,780 shares, valued at $3.25 million in 2017Q3, according to the filing. Tyrus Capital Sam sold 1.54M shares as the company's stock declined 16.27% while stock markets rallied. IL raised its position in shares of Boeing by 4.1% in the 2nd quarter. The Boeing Company (NYSE:BA) has risen 41.13% since January 30, 2017 and is uptrending. The average revenue per share growth rate of The Boeing Company during the past 12 months was 2 percent. At year-end 2016, the company had $8.80 billion of cash and cash equivalents and $1.23 billion of short-term and other investments. Boeing Co now has $202.10 billion valuation. The firm has a market capitalization of $138.26 billion, a price-to-earnings ratio of 20.49 and a beta of 1.16.

Boeing announced that its Board of Directors has approved a share buyback plan on Monday, December 11th that permits the company to repurchase $18.00 billion in shares. This buyback authorization allows the aircraft producer to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued. Shareholders of record on Friday, February 9th will be given a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Wednesday, August 9th. This is a positive change from Boeing's previous quarterly dividend of $1.42. Boeing's dividend payout ratio (DPR) is now 52.25%.

BA has been the subject of several other research reports. Finally, Zacks Investment Research upgraded Boeing from a "hold" rating to a "buy" rating and set a $289.00 price target for the company in a research note on Tuesday, October 10th.

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 31 before the open. BMO Capital Markets maintained it with "Buy" rating and $35.0 target in Friday, November 10 report. JPMorgan Chase & Co. set a $325.00 price target on Boeing and gave the company a "buy" rating in a research report on Tuesday, December 12th. Canaccord Genuity maintained The Boeing Company (NYSE:BA) on Thursday, October 26 with "Hold" rating.

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. The company has an average rating of "Buy" and an average target price of $315.52.

COPYRIGHT VIOLATION NOTICE: This report was posted by Marea Informative and is the sole property of of Marea Informative.

The Boeing Company is an aerospace company. It turned negative, as 50 investors sold BA shares while 609 reduced holdings. 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).

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